Kefi to raise £8m through share placement
Aim-listed gold exploration and development company Kefi Gold and Copper has announced an oversubscribed fundraising to raise gross cash proceeds of £8-million through a firm placing of 550-million new ordinary shares of 0.1p each in the capital of the company at a price of 0.8p per ordinary share to raise £4.4-million and a conditional placing of 450-million new ordinary shares at the placing price to raise £3.6-million. The firm and conditional placings were arranged by Tavira Securities.