Business
Acquisition Update
Acquisition Update.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 7591N Kefi Minerals plc 30 July 2014 \n \n\n \n 30 July 2014\n \nKEFI Minerals Plc \n(\"KEFI\" or the \"Company\")\n \nUpdate on acquisition of remaining 25% interest in Tulu Kapi\n \nFurther to the announcement on 11 June 2014, KEFI (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Democratic Republic of Ethiopia, provides the following update on the proposed acquisition from Nyota Minerals Limited (\"Nyota\") of the remaining 25% of the issued share capital of KEFI Minerals (Ethiopia) Limited (\"KME\") (previously named Nyota Minerals (Ethiopia) Limited). KME is the owner of the Tulu Kapi licence and the acquisition will bring KEFI's ownership of KME to 100%. \n \nNyota has today published via the ASX website its Notice of Meeting (the \"Notice\") and associated Prospectus, in respect of a General Meeting to be held on Wednesday 3 September 2014 at 11.00am WST at The Celtic Club, 48 Ord Street, West Perth, Western Australia to consider and, if thought fit, pass the following resolutions:\n \nResolution 1 \nTo consider and, if thought fit, to pass with or without amendment, as an ordinary resolution the following: \n\"That, subject to the passing of Resolution 2, for the purposes of Rule 15 of the AIM Rules and for all other purposes, Nyota Shareholders approve and authorise the sale by Nyota Bermuda (a wholly owned subsidiary of Nyota) of the entirety of its shareholding in KEFI Ethiopia to KEFI in accordance with the terms and conditions of the KEFI Sale Agreement and otherwi...