REG - Kefi Gold and Copper - Notice of AGM

KEFI Gold and CopperAnnouncement

02/06/2023 10:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230602:nRSB5028Ba&default-theme=true

RNS Number : 5028B  Kefi Gold and Copper PLC  02 June 2023

2 June 2023

KEFI Gold and Copper plc

("KEFI" or the "Company")

Notice of Annual General Meeting

 

KEFI Gold and Copper plc (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, announces that, further to the
announcement made on 30 May 2023, the Annual General Meeting ("AGM") of the
Company will be held at 11:00 a.m. (EEST) (9:00 a.m. BST) on 30 June 2023 at
Hilton Park Nicosia,1 Achaion Street, Engomi, Nicosia, 2413, Cyprus.  The
notice of AGM will be posted to shareholders today and is available for
download on the Company's website: https://www.kefi-goldandcopper.com
(https://www.kefi-goldandcopper.com)

The AGM resolutions include resolutions in respect of the Capital Raise
announced this week, to raise gross proceeds of £6.43 million, which will
mainly be used to fund:

·    Completion of project financing and launch of the Company's Tulu Kapi
Gold Project. As previously reported, a US$390 million project finance package
has been assembled. The Final Umbrella Agreement was signed in April 2023 (see
the Company's announcement on 27 April 2023 for further information). The
Company expects binding terms to be entered into within the next month or so
subject to ongoing successful satisfaction of outstanding conditions precedent
which are normal for a transaction of this nature;

·    Funding for the Company's share of costs for a £10 million
exploration and study programme in Saudi Arabia. This programme includes the
completion of a Definitive Feasibility Study ("DFS") at Jibal Qutman ("Jibal
Qutman") and a Pre-Feasibility Study ("PFS") at Hawiah Gold and Copper
("Hawiah"), as well as additional exploration drilling and studies across the
project portfolio, which includes 15 exploration licences. The potential
combined identified gold-equivalent resources at Jibal Qutman and Hawiah
already exceed those at Tulu Kapi;

·    The extinguishing of certain current liabilities and advances to
strengthen the Company's balance sheet ahead of proposed project development;
and

·    General working capital.

 

Enquiries

 KEFI Gold and Copper plc
 Harry Anagnostaras-Adams (Executive Chairman)                         +357 994 57843
 John Leach (Finance Director)                                         +357 992 08130

 SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker)   +44 (0) 20 3470 0470
 Jeff Keating, Adam Cowl

 Tavira Financial Limited (Joint Broker)                               +44 (0) 20 7100 5100
 Oliver Stansfield, Jonathan Evans

 IFC Advisory Ltd (Financial PR and IR)                                +44 (0) 20 3934 6630
 Tim Metcalfe, Florence Chandler

Further information can be viewed at https://www.kefi-goldandcopper.com
(https://www.kefi-goldandcopper.com)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOASSSSUEEDSEFM