KEFI Gold and Copper raises £5 million for launch of Tulu Kapi Gold Project

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.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
KEFI Gold and Copper

More articles like this

Gold surge signals deepening doubts in the dollar

As gold prices shatter records and global central banks quietly shift their reserves, investors are seeing more than just a rally in precious metals—they’re witnessing a growing global scepticism about the future of the US dollar.

KEFI Gold and Copper

Gold soars to new heights

Gold prices surged past previous records on Monday, driven by a wave of safe-haven demand following fresh tariff threats from U.S. President Donald Trump. As global trade tensions escalate, investors are piling into the precious metal,