Result of RetailBook Offer
Kefi Gold and Copper plc announced the successful completion of its retail offer via RetailBook, raising gross proceeds of £774,245.63 through the issuance of 59,557,356 Ordinary Shares at 1.3 pence per share. The total fundraise is expected to generate approximately £6.9 million in gross cash proceeds and settle around £8.9 million in outstanding liabilities. Following admission of new ordinary shares on December 30, 2025, the company's total voting rights will be 10,741,161,265.
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KEFI Gold and Copper (AIM: KEFI), the gold and copper exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia, provides an update on its Fundraise, further to the announcements made yesterday.
The Company is pleased to announce that the retail offer via RetailBook successfully completed and has now closed. From the RetailBook Offer, the Company has raised gross proceeds of £774,245.63 (before expenses) via the issue of 59,557,356 Ordinary Shares (the "Retail Offer Shares") at the Placing Price of 1.3 pence per Ordinary Share.
In total the Fundraise is therefore expected to raise gross cash proceeds of approximately £6.9 million through the Placing and the Retail Offer and is expected to settle approximately £8.9 million of outstanding liabilities through the Subscription.
Capitalised terms used in this announcement shall, unless defined in this announcement or unless the context provides otherwise, bear the same meaning ascribed to such terms in the announcement made by the Company at 4.58 p.m. on 22 December 2025.
Total Voting Rights
Application has been made to the London Stock Exchange for admission of the 1,153,846,143 New Ordinary Shares and the 59,557,356 Retail Offer Shares to trading on AIM and it is expected that admission will become effective and that dealings in the New Ordinary Shares and the Retail Offer Shares will commence at 8.00 a.m. on or around 30 December 2025 ("Admission").
Following Admission, the total issued share capital of the Company will consist of 10,741,161,265 Ordinary Shares each with one voting right. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company will be 10,741,161,265 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.