KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) chair Harry Anagnostaras-Adams says he’s looking forward to updating shareholders over the coming weeks with our progress with respect to financial close and preparation of major works at the Tulu Kapi project, in Ethiopia.
In a statement, following Kefi’s AGM, he said: "During December 2024 project Early Works were essentially completed, our long-standing banks set out the final terms and conditions of the now-enlarged US$240 million secured debt capital facility, the project equity capital terms were consequently refined amongst the identified regional and sector-specialist investors, and the Government approved and proceeded to submit to Parliament for fast-track ratification AFC's Country Membership.
"The company has already triggered final certification of project readiness, enabling full project launch and commencement of major works, which includes community resettlement, procurement and major construction.”
At the AGM, held earlier today in Australia, all resolutions presented for shareholder vote were passed – including approval for an issue of shares,
Addams added: "Following today's approvals, I am pleased to welcome several notable international investors to the KEFI share register.
“These shareholders join us at an exciting time with the full funding package for the Tulu Kapi gold project to close this quarter.”