KEFI Gold and Copper raises £34m in placing

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF, FRA:KMSA) shares traded at 1.3p, down 7%, after it completed a £34 million placing priced at 1.2p a share, capping a fast-moving fundraise launched after market close on 19 March and pitched as the final equity piece needed to fully fund development of the Tulu Kapi gold project in Ethiopia. At the same time, it is  The placing was described as oversubscribed, and involved existing and new investors.