RE: Is there a placing due?28 Sep 2018 23:19
Hi, Here is the extract from 15 jun 18 placing RNS.
It is expected that immediately following the settlement of the First Placing, KEFI's net cash balance will be approximately £100,000 compared to approximately £600,000 as of May 2018. If the Second Placing is to proceed, KEFI's cash balance is expected to be approximately £1.6 million. Assuming that the First Placing and Second Placing are settled, the Company expects that it will be fully funded until the end of 2018, by which the point the Company expects to have closed and received additional funds under its previously announced bond issuance and asset level investment by the Ethiopian consortium.