Kefi Gold and Copper Plc (KFFLF)
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KEFI Gold and Copper: Tulu Kapi financing update - ICYMI
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Anagnostaras-Adams talked with Proactive about the latest financing progress for the Tulu Kapi Gold Project in Ethiopia. The company has secured commitments from senior lenders, covering two-thirds of the development capital, and is now focused on aligning equity financing to finalise the deal.
KEFI Gold clears 'final' legal hurdle as English High Court dismisses writ
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said that a case against the company for breach of contract has been dismissed by the English High Court with it also being awarded all of its counterclaims. “This was the last outstanding attempt in a string of threats of interference against KEFI, all of which have now been successfully dismissed,” its statement added.
KEFI venture expands footprint around Hawiah licence in Saudi
KEFI Gold and Copper PLC's (AIM:KEFI, OTC:KFFLF) joint venture in Saudi Arabia, GMCO, has been awarded the Umm Hijlan exploration licence located directly south of its Hawiah prospect. GMCO has long identified this EL as a key target, KEFI added, given its proven extension of the southern strike continuation of the main Hawiah volcanic massive sulphide or VMS system.
KEFI expects major works to start shortly at Tulu Kapi
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) chairman Harry Adams said broader major works are set to start shortly at its Tulu Kapi development project in Ethiopia. Adams added that the remaining US$30 million of equity finance for the Tulu Kapi project is being finalised with certain Middle Eastern and other sectoral investors.
KEFI Gold and Copper eyes new year progress at Tulu Kapi
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) chair Harry Anagnostaras-Adams says he's looking forward to updating shareholders over the coming weeks with our progress with respect to financial close and preparation of major works at the Tulu Kapi project, in Ethiopia. In a statement, following Kefi's AGM, he said: "During December 2024 project Early Works were essentially completed, our long-standing banks set out the final terms and conditions of the now-enlarged US$240 million secured debt capital facility, the project equity capital terms were consequently refined amongst the identified regional and sector-specialist investors, and the Government approved and proceeded to submit to Parliament for fast-track ratification AFC's Country Membership.
KEFI Gold and Copper is looking forward to major progress in the New Year - ICYMI
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) chair Harry Anagnostaras-Adams this week joined Proactive for an interview during the Resourcing Tomorrow conference, where he highlighted the company's progress and plans for its next phase in Ethiopia. The flagship project, Tulu Kapi in Ethiopia, is a $320 million high-grade gold development.
KEFI Gold pulls in extra £469,000 from retail offer
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it had raised £469,000 gross from a retail offer at 0.55p per share. Over 90% of the subscribers were existing shareholders, KEFI added, with an average order size of approximately £2,500.
Oriole Resources recognises management role in earn-in out deals
Oriole Resources has granted its management team additional share options in recognition of the two earn-in agreements agreed with BCM International and as an incentive for the ongoing success of the explorer. The award will see 166.7 million options issued at an exercise price of 0.33 pence per share, a 14% premium to the closing price yesterday.
KEFI Gold to exit Saudi Arabia through sale of JV stake
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it is to undertake a strategic review of its interests in Saudi Arabia, which eventually could lead to a sale of interests in the Kingdom. Currently carried out through GMCO, a joint venture with ARTAR, the initial step will see KEFI forego its right to contribute US$10 million and maintain its stake in the JV at 25%.
KEFI Gold chairman talks Proactive through another financing milestone at Tulu Kapi - ICYMI
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) executive chairman Harry Adams explains the latest news on the project financing for its Tulu Kapi gold project in Ethiopia. Harry Adams: It's very positive.
KEFI to get increased loan facility for Tulu Kapi project
KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) said it had received initial committee approval from a second co-lending bank to fund its Tulu Kapi gold project in Ethiopia. In addition, the project banks supplying the finance have also agreed to increase the loan facility to US$240 million from US$190 million, Finalisation of formal approvals from the first two co-lenders and definitive detailed documentation is being sought this quarter, Kefi added.
KEFI highlights progress at Ethiopia and Saudi projects in first half
Exploration and development company KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) noted encouraging progress at its flagship Tulu Kapi Gold Project in Ethiopia and ongoing exploration in Saudi Arabia as first-half reporting highlights. The Tulu Kapi project continues to move forward, with the Early Works program benefiting from strong community support.
