KEFI nears final signatures to $320m financing plan

Aim-listed Kefi Gold and Copper has confirmed that an updated $320-million finance plan for the Tulu Kapi gold project, in Ethiopia, has been agreed by all of the project’s syndicate lead contractors, investors and lenders.

The plan is being processed for final reviews and entry into definitive documentation, which should be signed and concluded before the end of December.

Kefi has been updating the project costings with international fabricators and other suppliers in the last few months, since signing a syndicate umbrella agreement in June.

KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.

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