- Kefi Minerals said it had progressed financing plans following the Ethiopian Government's commitments to allow its Tulu Kapi gold project's infrastructure financing and overall development plan to proceed.

Kefi said it had triggered the next stages of its engagement with its bond arranger and placing agent ACT Capital.

Those would include the formation of Kefi's Luxembourg-based company, which would issue the planned listed bond.

The bond issue would be subject to the satisfaction of compliance procedures, including those of the various institutions, banks and listing authorities.

At 2:55pm: [LON:KEFI] KEFI Minerals PLC share price was -0.02p at 1.69p

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