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Share Price Information for Kefi Gold (KEFI)

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Share Price: 0.71
Bid: 0.712
Ask: 0.736
Change: 0.03 (4.41%)
Spread: 0.024 (3.371%)
Open: 0.70
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Low: 0.67
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TRADING UPDATES: Cindrigo seeks Croatian exploration licence extension

Fri, 08th Mar 2024 20:03

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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Panther Metals PLC - Canada-focused mineral exploration company - Announces updated JORC compliant 102.8 million tonne mineral resource estimate for the Coglia nickel-cobalt project in Western Australia. Looks forward to the proposed scoping study as this should highlight to the market the value the company has created in the ground over the last two years at Coglia. Explains MRE represents a 30% increase in total nickel tonnes in comparison to the maiden 2022 MRE. Says confidence in the resource has greatly increased. Further, announces an extension to the Obonga project purchase agreement with Broken Rock Resources Ltd over the Obonga Project in Ontario, Canada. This allows for an additional year to meet the exploration commitment announced in 2021.

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Tern PLC - London-based investor in early-stage 'internet of things' technology businesses - Announces that InVMA Ltd, which trades as KonektioTM has been placed into administration. In November, Tern said it had decided not to invest further in Konektio and following this decision, 75% of Tern's holding in Konektio was transferred into a valueless class of Konektio deferred shares. Notes at November 29, Tern's 8.8% holding in Konektio's equity had an unaudited book valuation of GBP222,624. Tern directors believe that it is unlikely that any value will be realisable from the holding and therefore it will now be held at zero value. Company says it is "disappointing" but it was clear to the Tern board that the Konektio business had "lost focus" in the second half of 2023.

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Cindrigo Holdings Ltd - Guernsey-based renewable energy company - Says subsidiary Dravacel Ltd has applied for a further six month extension to the exploration licence at its Slatina 3 geothermal project in Croatia which, when granted, will extend the expiration of the licence to the end of October 2024. Expresses confidence that it has demonstrated that sufficient work has been done to demonstrate its commitment and belief in the commercial viability of the project, and that the licence extension will be granted shortly. Further, says Tri Ri Asset Management and Cindrigo agree to postpone drawdown of funds from TRAM for Slatina 3 development, under the GBP10 million convertible loan with TRAM until the licence extension is granted. Cindrigo believes that once the extension is granted, and funds are drawn down and work recommences, it will have sufficient time and remain in a position to progress the project to the exploitation phase.

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Ondine Biomedical Inc - Vancouver-based life sciences company - Announces partnership with the York Health Economics Consortium to evaluate the use of Ondine's light-activated antimicrobial, Steriwave, to reduce the incidence of surgical site infections. Notes SSIs are one of the most common healthcare-associated infections and affect one in every 20 patients who undergo a surgical procedure in the NHS.

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Hydrogen Utopia International PLC - London-based operator of facilities which turn non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels - Announces that Ohrid Organics Ltd's subsidiary, King Fild DOO had its first commercial medicinal cannabis harvest in North Macedonia. The harvest amounted to 200 kilogrammes of which 50kg was used to test King Fild's drying equipment. Notes 150kg of finished goods are now available for sale. A second harvest of approximately 250kg is expected in 2 weeks. HUI exercised its option to acquire 49% of Ohrid Organics on December 29.

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LungLife AI Inc - California-based developer of clinical diagnostic solutions for early lung cancer detection - Raises GBP1.8 million via a placing and subscription at 35 pence each. Notes placing raises GBP1.56 million and subscription GBP0.25 million. Says fundraise conditional on shareholder approval at a special meeting on March 21.

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Kefi Gold and Copper PLC - exploration and development company focused on gold and copper projects in the Arabian-Nubian Shield - Updates on fundraise, announced Monday. Raises GBP495,916 at 0.6 pence per share via retail offer which is completed and closed. Says in total, fundraise is expected to raise GBP5.0 million, including a GBP4.5 million placing. Fundraise is conditional on shareholder approval at a General Meeting March 26.

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Empire Metals Ltd - minerals explorer and developer, primarily focused on the Pitfield titanium project in Western Australia - Announces preliminary results from the on-going mineralogical and metallurgical studies on the high-grade giant sediment-hosted titanium discovery at the Pitfield Project, in Western Australia. Notes study results show favourable mineralogy and metallurgy in the high-grade titanium samples drilled at Pitfield; resulting in a relatively simple processing flowsheet and highly concentrated end product.

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Mobius Investment Trust PLC - emerging markets investment trust - Reports net asset value per share at November 30 was 144.3 pence, up 7.5% from 134.2p the year prior. Says net asset value per ordinary share total return in the 12 months to November 30 was 8.5% compared to negative 12.3% the year prior. Explains 2023 continued to present challenges for emerging markets. After an optimistic start as China lifted its zero-Covid policy, bringing hope of a return to familiar patterns in the global supply chain, the US banking crisis, global inflation fears coupled with concerns over the ongoing conflict in Ukraine and uncertainties surrounding the European economies dominated the agenda. Raises final dividend to 1.25p per share from 1.20p last year.

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HydrogenOne Capital Growth PLC - fund investing in clean hydrogen - Notes portfolio company Sunfire GmbH has announced a successful equity funding round, part of a wider funding package totalling more than EUR500 million. Says this success underscores both the company's strategy of backing the leading innovators in the hydrogen industry, and its valuation of Sunfire.

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Investment Evolution Credit PLC - AQSE-listed financial services firm specialising in online consumer loans - Signs implementation agreement for the establishment of a new Delaware subsidiary company MRAL Spain Corp, which will conduct consumer credit lending operations in Spain. Explains this represents a significant development in IEC's growth strategy and continued expansion in the global consumer finance market. Says the agreement has been entered into between IEC, IEC's wholly owned US subsidiary Investment Evolution Corp and Spain's Investment Evolution Credit SA.

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By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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5 Oct 2023 12:33

IN BRIEF: Kefi Gold & Copper shares rise as regulatory issues resolved

Kefi Gold & Copper PLC - Ethiopia and Saudi Arabia-focused gold exploration and development company - Receives formal confirmation from the National Bank of Ethiopia of details for the operation of offshore banking by its operating subsidiary Tulu Kapi Gold Mines Share Co and its project finance banks. Says this clarifies the operational details for the implementation of the policies set out in the recently published National Bank of Ethiopia Directives, waiving mining projects from foreign exchange control and capital controls. As a result, Tulu Kapi is now fully-permitted, with only procedural administrative confirmations remaining. Consequently, the project finance banks can proceed to final credit approval for the project's USD190 million secured debt package. Upon approval, the project's debt terms will have been resolved, as will the structure of the overall USD390 million finance plan. Notes this is a "pivotal" formal step for project launch. Expects full project launch to begin in the current quarter.

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29 Sep 2023 14:29

EARNINGS: Beacon Energy and Kefi Gold & Copper losses widen

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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12 Sep 2023 10:44

AIM WINNERS & LOSERS: Ocean Harvest falls as loss widens

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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12 Sep 2023 10:14

Kefi Gold & Copper notes Ethiopia directive on Talu Kapi gold project

(Alliance News) - Kefi Gold & Copper PLC on Tuesday said the National Bank of Ethiopia have published a new directive which satisfies the request made to ensure conformity with the specific detail of its Tulu Kapi gold project in western Ethiopia.

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6 Sep 2023 15:40

TRADING UPDATES: URA orders Gravelotte parts; Kefi sustains progress

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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6 Sep 2023 14:00

Kefi Gold makes progress across Saudi Arabia projects

(Sharecast News) - Kefi Gold and Copper updated the market on its recent activities in Saudi Arabia on Wednesday, including details on its minority-owned Gold & Minerals (GMCO), as well as various exploration sites at Jibal Qutman, Hawiah, Al Godeyer, and Abu Salal.

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5 Sep 2023 17:35

TRADING UPDATES: Literacy Capital nets profit on Butternut Box sale

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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9 Aug 2023 12:20

Kefi Gold & Copper hopes to launch Tulu Kapi project on schedule

(Alliance News) - Kefi Gold & Copper PLC on Wednesday said it expects to be able to go ahead with the launch of its Tulu Kapi project despite violence in Ethiopia.

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7 Aug 2023 11:56

IN BRIEF: Kefi Gold & Copper notes state of emergency in Amhara

Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Notes Ethiopian government's state of emergency in the Amhara region. Says Tulu Kapi gold project is approximately 700 kilometres away from the conflict area, but has had red zone protocols implemented for "some time" despite the project area being considered low risk. Adds it remains on track for the launch of the Tulu Kapi project, with procurement and construction commencement set to start in the final quarter of 2023.

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30 Jun 2023 17:28

TRADING UPDATES: Kefi confident; Aseana Properties sells assets

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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28 Jun 2023 18:37

TRADING UPDATES: Lansdowne Oil & Gas seeks talks over Barryroe dispute

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:

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23 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
Gusbourne PLCAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
IQE PLCAGM
Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
New Century AIM VCT 2AGM
Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
Symphony Environmental Technologies PLCAGM
Synairgen PLCAGM
Thalassa Holdings LtdAGM
tinyBuild IncAGM
Touchstone Exploration IncAGM
Trident Royalties PLCAGM
Unigel Group PLCAGM
Verici Dx PLCAGM
Xpediator PLCAGM
Friday 30 June 
Argo Blockchain PLCAGM
Ascent Resources PLCAGM
Bluejay Mining PLCAGM
Caspian Sunrise PLCAGM
Codex Acquisitions PLCAGM
Domino's Pizza Group PLCGM re directors' remuneration policy
Fenikso LtdAGM
Fiinu PLCAGM
FireAngel Safety Technology Group PLCAGM
GENinCode PLCAGM
Hemogenyx Pharmaceuticals PLCAGM
Hiro Metaverse Acquisitions I SAAGM
i3 Energy PLCGM re premium share cancellation
ImmuPharma PLCAGM
Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Kefi Gold & Copper PLCAGM
Kistos Holdings PLCAGM
KRM22 PLCAGM
Kropz PLCAGM
LoopUp Group PLCAGM
Medica Group PLCAGM
Mirriad Advertising PLCAGM
Rockfire Resources PLCAGM
Savannah Energy PLCAGM
Strip Tinning Holdings PLCAGM
ThomasLloyd Energy Impact Trust PLCAGM
URA Holdings PLCAGM
World Chess PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Jun 2023 15:18

IN BRIEF: Kefi Gold & Copper says Tulu Kapi project conditions met

Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Says that all outstanding financing conditions requiring Ethiopian government input regarding the Tulu Kapi gold project have now been met. Says this enables Tulu Kapi individual syndicate members to proceed to final committee and board reviews and approvals for the USD390 million project finance package.

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19 Jun 2023 10:35

Kefi meets all government financing conditions for Tulu Kapi

(Sharecast News) - Kefi Gold and Copper updated the market on the Tulu Kapi Gold Project in Ethiopia on Monday, announcing that all outstanding major financing conditions precedent requiring Ethiopian government input had been met.

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9 Jun 2023 16:14

IN BRIEF: Kefi Gold & Copper widens loss; notes more positive backdrop

Kefi Gold & Copper PLC - Ethiopia and Saudi Arabia-focused gold and copper explorer and developer - Posts a pretax loss of GBP6.4 million in 2022, widening from GBP4.9 million in 2021. Widened loss comes as company records a GBP2.8 million loss from a jointly controlled entity, compared to no such loss the year prior. Records no revenue, unchanged from a year prior. Notes that working environment in Ethiopia and Saudi Arabia "transformed for the better" during the year. "We now enjoy highly supportive mine-regulatory working environments in both countries which are also prioritising projects like ours across all the relevant Government agencies. Given that we have three advancing potential development projects in these jurisdictions, the company is now in a much better risk/return position than it has ever been," the company says.

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