Serval Resources Announces Acquisition and AIM Admission

Serval Resources, formerly Oscillate PLC, has announced a significant acquisition and strategic changes to advance its growth in copper and future metals development. The company has conditionally acquired Kalahari Copper Ltd, gaining access to emerging copper belts in Namibia's Kaoko Basin and Botswana's Kalahari Copper Belt. This move aligns with Serval's strategy to become a mid-cap player in this sector.

The company also announced a successful equity fundraising of £2.9 million through a placing and subscription of 12,997,761 ordinary shares at 22.5 pence per share. These funds will support exploration projects in Namibia and Botswana. In conjunction with these developments, Serval is pursuing admission to the AIM market, with existing shares being withdrawn from the Aquis Growth Market. A general meeting is scheduled to approve these changes.

These initiatives, alongside the planned board changes and share consolidation, are aimed at strengthening Serval Resources' position in the copper market and attracting a more diverse investor base.