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£5.5mln fundraise sees KEFI Minerals fully funded for Tulu Kapi construction

Harry Adams, executive chairman of KEFI Minerals plc (LON:KEFI), tells Proactive's Andrew Scott they've raised £5.5mln through a placing and subscription to pay the costs of closing the financing deals at the project level for the construction of their Tulu Kapi Gold Project in Ethiopia.

Earlier this week KEFI raised US$30mln from the sale of a stake in its local Ethiopian subsidiary, to complete the funding requirements for the construction of the mine.

Quick facts: KEFI Minerals PLC

Price: 1.05 GBX

LSE:KEFI
Market: LSE
Market Cap: £19.6 m
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