This morning, KEFI announced it is to raise £5.62m (gross) via the issue of 1.7bn shares at a price of 0.33p, including £4.62m from Lanstead. The majority of the funds raised will be expended on the development of Tulu Kapi over the next 12 months, with the next largest segment being directed towards exploration and the balance to corporate costs. Directors and contractors have supported the fund-raising by subscribing for c £0.4m. Afterwards, a 17:1 consolidation of the sha
13 Feb 2017
Securing Lanstead: Tulu Kapi financing underway
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Securing Lanstead: Tulu Kapi financing underway
KEFI Gold and Copper PLC (KEFI:LON) | 0.6 0 2.2% | Mkt Cap: 33.0m
- Published:
13 Feb 2017 -
Author:
Charles Gibson -
Pages:
3
This morning, KEFI announced it is to raise £5.62m (gross) via the issue of 1.7bn shares at a price of 0.33p, including £4.62m from Lanstead. The majority of the funds raised will be expended on the development of Tulu Kapi over the next 12 months, with the next largest segment being directed towards exploration and the balance to corporate costs. Directors and contractors have supported the fund-raising by subscribing for c £0.4m. Afterwards, a 17:1 consolidation of the sha