16th Nov 2020 17:24
KEFI Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Intends to raise GBP3.0 million through firm oversubscribed placing of 186.0 million shares at a price of 1.60 pence each, the proceeds of which will go towards funding a further resource drilling and exploration Hawiah copper-gold project in Saudi Arabia.
Placing arranged by Brandon Hill Capital Ltd. In addition, has raised a further GBP278,000 through subscription for cash by existing shareholders.
Current stock price: 1.69 pence
Year-to-date change: up 41%
By Dayo Laniyan; [email protected]
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