Mkango Provides Update on Placing

Provided By Globe Newswire

Last update: Feb 27, 2023

LONDON and VANCOUVER, British Columbia, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Mkango Resources Ltd. (AIM/TSX-V: MKA) (the "Company" or "Mkango") is pleased to announce that further to the Company’s announcement of February 13, 2023, it has received conditional approval from the TSX Venture Exchange (“TSXV”) for the issuance of 28,000,000 common shares of no par value (“Placing Shares”) at an issue price of £0.125 (approx. C$0.2025) per Placing Share, raising £3.5 m (£3.25m net of fees) from new and existing investors (the “Placing”). Receipt of final approval from the TSXV is subject to satisfaction of customary conditions.