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Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: KEFI
Latest Price: 2.20p  (0,00%)
52-week High: 8.03p
52-week Low: 2.15p
Market Cap: 9.39M
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KEFI Minerals
www.kefi-minerals.com

KEFI Minerals is a dynamic exploration Company focussed on exploring for world-class mineral deposits in the well-endowed and under-explored Tethyan Mineral Belt of Turkey and Arabian Shield of Saudi Arabia. Following its listing in late 2006, KEFI Minerals has established itself as an innovative gold and copper exploration Company and has quickly expanded its exploration portfolio.

Full KEFI Minerals profile here
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KEFI Minerals raises £450,000 in placing, EMED and Fox-Davies plan to subscribe for more shares

15th Jun 2009, 8:57 am KEFI Minerals raises £450,000 in placing, EMED and Fox-Davies plan to subscribe for more shares
Gold and copper explorer KEFI Minerals PLC (AIM: KEFI) said it raised £450,000 before expenses through the placing of 36 million shares at 1.25 pence each to fund on-going strategic initiatives and further exploratory work on its highly prospective exploration areas in Turkey and Saudi Arabia where KEFI Minerals is operator of exploration joint ventures.

In addition to the money raised from external placees, EMED Mining Public Ltd (AIM: EMED)   has informed KEFI of its intention to subscribe for a further £100,000 worth of shares at the placing price,  and Fox Davies Capital Ltd has agreed to subscribe for £40,000 worth of shares at the same price.

Managing Director Jeff Rayner said: "We are appreciative of the ongoing capital markets support for our company and are excited by the prospectivity in the Kingdom of Saudi Arabia where we recently launched our new joint venture with local conglomerate ARTAR. At the same time our field activities in Turkey continue to focus on our role as operator of the exploration joint venture with Centerra Gold of Canada."

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The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

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