13th Mar 2019 14:29
LONDON (Alliance News) - KEFI Minerals PLC said Wednesday it has started the next stages of its Tulu Kapi gold project financing by engaging with its bond arranger and placing agent ACT Capital GmBH.
The gold explorer said it has started the next steps in its infrastructure financing and overall development plans for the project following the Ethiopian government's commitment.
Following the progress, KEFI's Luxembourg-based company will issue a listed bond and then a private placing of the bond.
KEFI said this ramp of the plans have been cleared by the project's consortium members - who, KEFI said, are "enthusiastic" about the project following the government's "green light".
Shares in KEFI Minerals were down 1.6% Wednesday at 1.68 pence each.
Related Shares:
Kefi Gold & Copper