Result of RetailBook Offer
Kefi Gold and Copper PLC announced the successful completion of its RetailBook Offer, conditionally raising approximately £941,574 through the issuance of 78,464,474 new Ordinary Shares at 1.2 pence per share. This brings the total gross proceeds from the overall fundraising to approximately £35.6 million, requiring the allotment of 2,964,194,769 new Ordinary Shares. The fundraising remains conditional on shareholder approval at a General Meeting scheduled for around April 14, 2026, with Admission expected on April 16, 2026.
Select text to share a quote on X · sign in to keep highlights & notes in your KEFI notes
KEFI (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, and the Kingdom of Saudi Arabia, announced on 19 March 2026 the launch of a fundraising comprising a Firm Placing, a Conditional Placing and a Conditional Subscription in conjunction with a RetailBook Offer.
The Company is pleased to announce that the RetailBook Offer successfully completed and closed at 4.30 p.m. on 23 March 2026 and that it has conditionally raised approximately £941,574 in the RetailBook Offer through the issue of 78,464,474 new Ordinary Shares at the Issue Price of 1.2 pence per share.
Following the close of the RetailBook Offer, the Company has conditionally raised gross proceeds of approximately £35.6 million at the Issue Price via the Fundraising. The Company will therefore be required to issue and allot a total of 2,964,194,769 new Ordinary Shares to satisfy the Fundraising.
The RetailBook Offer is conditional upon the fundraising resolutions being duly passed without amendment at the Company's General Meeting to be held on or around 14 April 2026 and Admission becoming effective at 8:00 am on 16 April 2026 (or such later date as the Company and its advisers may agree, but not later than 8:00 am on 30 April 2026).
References to times in this Announcement are to London time unless otherwise stated.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.