KEFI Gold and Copper plc (LON:KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, has provided an update on its Capital Raise, further to the announcements made yesterday.
The Company is pleased to announce that the Retail Offer via PrimaryBid is successfully completed and has now closed. From the Retail Offer, the Company has raised gross proceeds of approximately £495,916 (before expenses) via the issue of 82,652,722 Ordinary Shares at the Placing Price of 0.6 pence per Ordinary Share.
In total the Capital Raise is therefore expected to raise gross proceeds of approximately £5.0 million through the £4.5 million Firm Placing and the £495,916 Retail Offer. The completion of the Conditional Remuneration Issue remains subject to the passing of resolutions at the Company’s General Meeting to be convened on 26 March 2024.
