23rd Dec 2025 10:01
Kefi Gold & Copper PLC - gold and copper exploration and development in Ethiopia and Saudi Arabia - Raises GBP774,245 before expenses from its retail share offer, just short of its GBP1 million goal. Kefi will issue 59.6 million new shares at 1.3 pence each under the retail offer. As a result, Kefi expects to raise GBP6.9 million in total from its share placing and retail offer. A further GBP8.9 million in liabilities have been settled from a share subscription at the same price.
The equity raises accompany the "full launch" of Kefi's Tulu Kapi gold project in Ethiopia, following the securing of USD340 million in capital. Of this, USD240 million is in long-term debt funding and USD100 million is in equity risk capital. In addition to the USD20 million from its equity raise on Monday, Kefi also has raised USD20 million from the Ethiopian government, USD26 million from Ethiopian investors, USD30 million from gold royalty streams, and USD10 million from previous equity raises in London in 2025.
Current stock price: 1.33p, down 7.9% in London on Tuesday for a GBP126.8 million market capitalisation
12-month change: up from 0.50p
By Tom Waite, Alliance News editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Kefi Gold & Copper