KEFI Gold and Copper Plc·Basic Materials

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF, FRA:KMSA) shares traded at 1.3p, down 7%, after it completed a £34 million placing priced at 1.2p a share, capping a fast-moving fundraise launched after market close on 19 March and pitched as the final equity piece needed to fully fund development of the Tulu Kapi gold project in Ethiopia. At the same time, it is The placing was described as oversubscribed, and involved existing and new investors.

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF, FRA:KMSA) shares traded at 1.3p, down 7%, after it completed a £34 million placing priced at 1.2p a share,...

FedEx Corp (NYSE:FDX, XETRA:FDX)’s planned investment in InPost announced this week could help lower European delivery costs and sharpen the company’s focus...

Double-digit earnings outlook and strong trial momentum support top pick status AstraZeneca PLC (LSE:AZN, NASDAQ:AZN) remains a top pick at Citi following...

Ancora is putting pressure on Warner Bros Discovery Inc (NASDAQ:WBD, XETRA:J5A), threatening to vote against the company’s proposed transaction with Netflix...

KEFI Gold and Copper PLC told investors it 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 basis and is payable alongside shareholder distributions at its local subsidiary, Tulu Kapi Gold Mines (TKGM).
KEFI Gold and Copper Plc engages in the exploration and development of gold and copper deposits in the Arabian-Nubian Shield. The company primarily focuses on developing the Tulu Kapi Gold Project with a probable ore reserve of 1.05 million ounces and mineral resources totaling 1.7 million ounces located in Ethiopia. It also explores for precious and base metals, and other minerals. The company was formerly known as Kefi Minerals Plc and changed its name to KEFI Gold and Copper Plc in August 2020. KEFI Gold and Copper Plc was incorporated in 2006 and is headquartered in Nicosia, Cyprus.