KEFI Gold and Copper plc (LON: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, has 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 KEFI Gold and Copper’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).
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 launch announcement.
