- KEFI Minerals has received formal confirmation from the government of Ethiopia of its commitment to invest US$20 million for equity in the Tulu Kapi gold project.

This investment will provide the government of Ethiopia with an equity interest in KEFI Minerals (Ethiopia) Ltd, a wholly-owned subsidiary of KEFI Minerals plc that owns and operates the Project, of approximately 20% based on the projected enlarged paid-up share capital of KME (c. 25% including the Government's pre-existing 5% free carried-interest).

At 8:51am: [LON:KEFI] KEFI Minerals PLC share price was +0.03p at 0.54p

Story provided by