Notice of AGM

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

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)	[phone]
John Leach (Finance Director)	[phone]
SP Angel Corporate Finance LLP (Nominated Adviser and Joint Broker)	[phone]
Jeff Keating, Adam Cowl
Tavira Financial Limited (Joint Broker)	[phone]
Oliver Stansfield, Jonathan Evans
IFC Advisory Ltd (Financial PR and IR)	[phone]
Tim Metcalfe, Florence Chandler

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

 

END