KEFI Gold and Copper plc (AIM: KEFI) has announced significant institutional participation in its recent £7.6M equity placing, aimed at advancing its flagship Tulu Kapi Gold Project in Ethiopia.
Notable institutional investors participating in the placing include Konwave Gold Equity Fund, Phoenix Gold Fund, Premier Miton, RAB Capital, and Ruffer Gold Fund. These investors join existing strategic stakeholders such as the Ethiopian Government and a prominent Saudi family office, further strengthening KEFI’s shareholder base.
The funds raised will support critical pre-development activities at Tulu Kapi, including community resettlement, infrastructure enhancements, and early-stage mobilization efforts. These initiatives are pivotal as the project approaches full financing closure, anticipated by mid-2025.
For more information, please visit www.kefi-goldandcopper.com
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