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LONDON - KEFI Gold and Copper plc (AIM:KEFI) announced Friday it has issued 39,285,714 new ordinary shares following the exercise of broker warrants at 0.70 pence per share.
The shares were issued to Tavira Financial Ltd, Alvar Financial Services Ltd, and Jonathan Evans after they exercised their broker warrants, according to a company press release.
The mining company, which focuses on gold and copper exploration and development in Ethiopia and Saudi Arabia, said it will apply for the new shares to be admitted to trading on AIM, with admission expected to become effective on October 8, 2025.
Following the issuance, KEFI’s total issued share capital will consist of 9,470,655,494 ordinary shares with voting rights. The company noted that shareholders may use this figure as the denominator for calculations to determine if they need to notify their interest in the company under the FCA’s Disclosure Guidance and Transparency Rules.
KEFI Gold and Copper primarily focuses on developing the Tulu Kapi project in Ethiopia alongside exploration projects in the Arabian-Nubian Shield region.
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