Business
Replacement - Conditional Placing
Replacement - Conditional Placing.
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n \nRNS Number : 3790F KEFI Minerals plc 27 July 2016 \n\n \n \n \nThis announcement replaces the announcement titled \"Conditional Placing to Raise Approximately £3.8 million (Approximately US $5.0 million)\" released at 09:02am on 26 July 2016 with RNS number 2328F. \n \nThe announcement erroneously stated the volume of Mr John Leach's placing shares in the table under the heading \"NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM\". The volume was previously noted as 11,364,583 when it should have been 5,000,000. The full amended text of the announcement appears below and all other information remains unchanged.\n \n27 July 2016\nKEFI Minerals plc \n(\"KEFI\" or the \"Company\")\n \nConditional Placing to Raise Approximately £3.8 million (Approximately US$5.0 million)\nOdey Asset Management to increase shareholding to 29.5%\n Funds to be used for resettlement of the Tulu Kapi community as development progresses\n \nKEFI Minerals (AIM: KEFI), the gold exploration and development company with projects in the Kingdom of Saudi Arabia and the Federal Democratic Republic of Ethiopia, is pleased to announce that it has conditionally raised approximately £3.8 million (approximately US$5 million), before expenses, through the issue of 761,921,740 new ordinary shares of 0.1p each (\"Placing Shares\") at a price of 0.5p per share (the \"Placing Price\") by way of a placing through Brandon Hill Capital Limited (\"Brandon Hill\"), together with a subscription direct with the Company by Ausdrill International Pty Limited (\"Ausdrill\") (together, the \"Placing\"). \n \nOdey Asset Management LLP (\"Odey\") has subscribed in the Placing above ...