KEFI Gold and Copper raises £7m to advance Tulu Kapi Gold project

KEFI Gold and Copper Raises £7.6M to Expedite Tulu Kapi Launch

KEFI Gold and Copper plc (AIM: KEFI) has announced a successful equity raise of £7.6M to accelerate preparations for the launch of its flagship Tulu Kapi Gold Project in Ethiopia. The proceeds from the fundraise will be used to fast-track several pre-development activities, including community resettlement, infrastructure upgrades, and early-stage mobilization. These steps are critical to maintaining momentum ahead of the project’s anticipated f…

KEFI Gold and Copper raises £7m to advance Tulu Kapi Gold project

KEFI Gold and Copper Plc (LON:KEFI), the gold and copper exploration and development company focused on the Arabian-Nubian Shield, has announced that it has completed a placing and subscription to raise gross cash proceeds of £7,000,000 and is issuing £600,000 of equity in lieu of liabilities through the issue of 1,381,818,172 ordinary shares of 0.1 pence each in the capital of the Company at 0.55 pence. The Fundraise follows the recent announce…