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KEFI Minerals ( (GB:KEFI) ) has provided an announcement.
KEFI Gold and Copper has launched a conditional retail offer of new ordinary shares via the RetailBook platform at 1.3 pence per share, a 10% discount to its latest closing mid-price, alongside a separate institutional placing as part of a wider fundraising of up to £1 million through the retail component. The offer, open to eligible UK-based investors through participating brokers and platforms such as AJ Bell, Hargreaves Lansdown and interactive investor, aims to fund initial costs associated with the launch and financing of the Tulu Kapi Gold Project and to repay working capital facilities, while also giving retail shareholders and new investors the opportunity to participate on similar terms and potentially broaden and deepen KEFI’s shareholder base ahead of a key development phase.
More about KEFI Minerals
KEFI Gold and Copper plc is an AIM-listed exploration and development company focused on gold and copper deposits in the Arabian-Nubian Shield, with a portfolio of projects in Ethiopia and Saudi Arabia. The company targets the development of its resource base in these emerging mining jurisdictions, notably through the Tulu Kapi Gold Project in Ethiopia, positioning itself as a growth-focused player in the regional precious and base metals sector.
Average Trading Volume: 76,667,564
Technical Sentiment Signal: Buy
Current Market Cap: £137.2M
For an in-depth examination of KEFI stock, go to TipRanks’ Overview page.