AIM-listed Oscillate Plc has announced completion of the acquisition of Kalahari Copper and the admission of its Enlarged Issued Share Capital of 33,714,184 ordinary shares of 0.5 pence each to trading on the AIM Market of London Stock Exchange plc.
The Company’s Ordinary Shares ceased trading on the Access segment of the AQSE Growth Market and Admission and dealings in the new Ordinary Shares on AIM will commence at 8:00 a.m. today under the ticker “SRVL” and the ISIN GB00BVRY1W08.
Admission follows the successful equity fundraise and retail offer, raising a total of ca. £2.96 million (ca. US$4.0 million) (before expenses) through the issue of 13,147,928 Fundraising Shares at a price of 22.5 pence per New Ordinary Share.
Highlights
- The acquisition of Kalahari Copper establishes the Company as a large landholder in two emerging copper belts, subject to licence renewal: the Kaoko Basin in Namibia and the Kalahari Copper Belt in Botswana, both of which are under-explored in comparison to their prospectivity.
- The Acquisition thereby gives the Company the opportunity to explore extensive areas of highly prospective terrain in emerging exploration districts, adjacent to significant recent discoveries, in line with its ambition to become a mid-cap copper and future metals development group.
- Appointment of Andrew Benitz as a Non-Executive Director, effective immediately on Admission.
- Change of name to Serval Resources Plc, to occur once processed by Companies House.
- Launch of new company website at https://servalresources.com/.
Robin Birchall, Executive Director and Chief Executive Officer, commented:
“This is a landmark day for the Company as the AIM market will provide the foundation from which to grow the business. I would like to thank our team and all our advisers who have worked so hard to get us to this point. We would also like to thank all the investors who have supported us in our plan to create a mid-cap copper and future-metals exploration and development group. Our priority now is to put the funds to good use by advancing our exciting exploration targets in Namibia and Botswana.”
Board Changes
As previously announced on 9 February 2026, in accordance with their right to appoint up to two directors to the Board of the Company, Kalahari Copper has nominated Andrew Benitz to be a Non-Executive Director of the Company, effective immediately on Admission. The full Board of Directors can be found as an Appendix to this announcement.
Change of Name
Following shareholder approval at the General Meeting on 24 April 2026, the Company will change its name from Oscillate Plc to Serval Resources Plc. The change of name will occur once the application has been processed by Companies House and is expected to become effective shortly. A further announcement will be made once the change of name is complete. Following the completion of the change of name, the Company’s TIDM will remain “SRVL”.
Launch of new Company Website
The Company is pleased to launch a new company website today at https://servalresources.com/. We encourage shareholders and other stakeholders to visit the website and we welcome any feedback. Interested parties also have the opportunity to sign up for regular news updates on the website.
