KEFI Completes US$340m Tulu Kapi Project Financing With US$20m Royalty Deal

KEFI completes $340m funding package for Tulu Kapi with $20m royalty deal

KEFI Gold and Copper PLC (AIM: KEFI) has secured the full US$340 million financing package for its Tulu Kapi Gold Project, with the final key element being a US$20 millionRead More...

KEFI Gold and Copper Releases Tulu Kapi Update Following US$20M Royalty Deal

KEFI (AIM: KEFI) has signed a US$20M equity‑ranking royalty with Chancery Royalty Limited for the Tulu Kapi Gold Project in Ethiopia, marking a key final element of the US$340M project financing package. The royalty is structured to rank with equity risk and is payable alongside distributions made by Tulu Kapi Gold Mines S.C. (TKGM) to its shareholders. The company said the residual US$30M of equity‑risk capital is in the process of being finali…

KEFI seals final funding for Tulu Kapi

KEFI Gold and Copper PLC has added a US$20 million “equity-ranking” gold royalty from Chancery Royalty to the funding stack for its Tulu Kapi Gold Project in Ethiopia, calling it a key final component of the project’s US$340 million financing package. The AIM-listed group said the royalty has been structured to rank on an equity-risk …

KEFI Completes US$340m Tulu Kapi Project Financing With US$20m Royalty Deal

KEFI Gold and Copper plc (LON:KEFI) has reported the signing by subsidiary Tulu Kapi Gold Mines S.C. (TKGM) of a US$20 million equity-ranking-royalty with Chancery Royalty Limited. This is a key final part of the US$340 million financing package for the Company’s high-grade/high-recovery Tulu Kapi Gold Project. It has been creatively structured with Chancery Royalty to be an equity-risk ranking royalty and is payable alongside distributions made…