KEFI Gold and Copper (AIM: KEFI) has announced that the retail offer via PrimaryBid has been successfully completed and has now closed.
From the retail offer, the company has raised gross proceeds of approximately £495,916 (before expenses) via the issue of 82,652,722 ordinary shares at the placing price of 0.6 pence per ordinary share.
In total, the capital raise is therefore expected to raise gross proceeds of approximately £5M through the £4.5M firm placing and the £495,916 retail offer. The completion of the conditional remuneration issue remains subject to the passing of resolutions at the company’s general meeting to be convened on 26 March 2024.
In addition, the company has reminded shareholders that because the conditional remuneration issue is conditional, among other things, on the passing of the share allotment and disapplication of pre-exemption rights resolutions to be proposed at the general meeting, should the resolutions not be passed, the conditional remuneration issue will not proceed.
Application has been made to the London Stock Exchange for admission of the 750,000,000 firm placing shares and the 82,652,722 retail shares to trade on AIM and it is expected that admission will become effective and that dealings in the firm placing shares and the retail shares will commence at 8.00am on or around 8 March 2024.
Following the admission of the firm placing shares and the retail shares, the total issued share capital of the company will consist of 5,797,774,122 ordinary shares each with voting rights.
To find out more, please visit www.kefi-goldandcopper.com
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