Business
Results of Placing
Kefi Gold and Copper PLC has successfully raised gross proceeds of £34 million, approximately US$45 million, through the issuance of 2,814,681,378 new Ordinary Shares at 1.2 pence per share, a discount of around 15% to the previous day's closing price. The oversubscribed placing, which saw strong support from both existing and new investors, aims to fully fund the Tulu Kapi project through development and accelerate exploration opportunities. Additionally, the company is undertaking a retail offering of up to £1 million and intends to issue shares to service providers to settle outstanding fees totalling approximately £853,000. The first tranche of placing shares is expected to settle on March 24, 2026, with the remainder contingent on shareholder approval at a general meeting scheduled for April 14, 2026. Disclaimer*
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n\n20 March 2026\n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED, FOR INFORMATION PURPOSES ONLY AND ARE NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, AND DO NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN OR INTO THE UNITED STATES, AUSTRALIA, SWITZERLAND, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE, DISTRIBUTION, OFFER OR SALE WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICES AT THE END OF THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT IN RESPECT OF KEFI GOLD AND COPPER PLC AND SHOULD NOT BE CONSIDERED AS A RECOMMENDATION THAT ANY INVESTOR SHOULD SUBSCRIBE FOR OR PURCHASE ANY SUCH SECURITIES.\n \nKEFI Gold and Copper plc\n(\"KEFI\" or the \"Company\")\n \nResults of Placing\n \nKEFI (AIM: KEFI), a gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia (\"Ethiopia\"), and the Kingdom of Saudi Arabia, is pleased to announce that is has successfully raised gross proceeds of £34 million, (approximately US$45 million) before expenses, via the issue of 2,814,681,378 new Ordinary Shares (the \"Placing Shares\") at a price of 1.2 pence per share (the \"Issue Price\"). The Issue Price represents a discount of approximately 15 per cent. to the closing price per existing Ordinary Share as of 19 March 2026 (the latest practicable date prior to this Announcement).\nThe Placing was oversubscribed, receiving strong support from existing and new investors, allowing the Company to broaden its institutional following and market support. KEFI's management team actively participated in the structuring and allocation of the Placing.\nConcurrent with the Placing, the Company is undertaking a retail offering to eligible retail investors (the \"Retail Offering\") for up to £1 million (approximately US$1.3 million). The results ...