Japaul Gold & Ventures Plc (NGX: JAPAULGOLD) is seeking to raise additional Equity Capital of up to ₦500 billion for the development of Gold Mines and Acquisitions.
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Shareholders of the company will be asked at the 20th Annual General Meeting of Japaul Gold & Ventures Plc holding virtually on Monday, the 30th of June 2025 to approve the new capital raise.
The Shareholders will also be asked to increase the Share Capital of the Company from 14 billion Ordinary Shares to 100 Billion Ordinary and/or Preference Shares.
At the time of this report, Japaul Gold & Ventures Plc has a total of 14,262,701,716 outstanding shares and a market capitalization of ₦28.95 billion.
If the new capital raise is approved, the Board of Directors will be authorized to establish a capital raising program in the Nigerian or International capital market up to the authorized capital of the Company. This will be done through the issuance of Ordinary or Preference Shares whether by way of Rights Issue, Public Offer, Private Placement or any other method or combination of methods through Book building or Offer of Subscription and/or other Securities at such time for such Consideration and upon such Terms and Conditions as the Directors may deem fit.
In raising the Equity Capital, the Company will carry out Share Reconstruction and the Share Capital of the Company will thereafter reflect the total Units of the reconstructed Shares.
At its Annual General Meeting in 2020, the Shareholders passed a resolution to change the name of the company from Japaul Oil & Maritime Services Plc to Japaul Gold & Ventures Plc. The company was then authorized to engage in Mining and Technology business activities.
Investogist reported in September 2024 that Japaul listed additional 8 billion ordinary shares on the Nigerian Exchange. The shares each at ₦2.50 were offered through private placement. The listing then increased the company’s total issued and fully paid shares from 6,262,701,716 to 14,262,701,716.
In November of the same year, JAPAULGOLD signed a Sand Mining Contract with Gravitas Investment Limited worth ₦26 billion which involves the mining of 3,500,000 cubic meters of sand for the reclamation of swamps and lagoons at Gracefield Island, located at the end of Chevron Drive in Lekki, Lagos State.
At the signing of the contract, the management of JAPAULGOLD had assured shareholders that the promise of paying dividends is becoming a reality as the Company continues to progress.
On May 15th, 2025, Japaul Gold & Ventures Plc announced a final dividend of 4kobo for every share for the period ended 31st December, 2024.
The company posted a profit after tax of ₦1.68 billion (2023: loss of ₦674.04 million) for the year ended 31st December, 2024, and a revenue of ₦4.10 billion (2023: ₦2.57 billion). It reported an Earnings per Share of 12kobo.
A review of the financial statements, shows that ₦3.95 billion of the revenue was earned from Equipment rental..
For the first quarter ended 31st March, 2025, Japaul reported a turnover of ₦889.09 million; ₦759.37 million from Japaul Offshore, ₦104.92 million, and ₦24.80 million from Japaul Quarry. It posted a profit after tax of ₦78.66 million.
About the Company
Japaul Gold and Ventures Plc (formerly known as Japaul Oil & Maritime Services Plc) was incorporated on 29 June
1994 as a private limited liability company and commenced business in January 1997.
The company has the following subsidiaries;
- Japaul Shipping & Offshore Services Limited
- Japaul Mines & Products Limited
- Japaul Dredging Services Limited
The Registered office address of the company is Japaul House, Plot 8, Dr. Nurudeen Olowopopo Avenue, Central
Business District (CBD), Agidingbi, Ikeja, Lagos, Nigeria.
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
