RE: Is the $80m coming from a placing?27 Aug 2025 07:16
Project finance package
Secured debt facilities
Equity risk capital
- Development Capital Already Spent
- Mining Contractor funding
- Government shares in TKGM
US$M 320 Comprised of secured debt and equity risk capital
240 - Two leading African development banks, TBD and AFC
80 - Comprised of a mix of the sources below (split below)
10 - Spent by KEFI prior to signing on security systems, legals, other experts and other site preparation
23 - Equity Risk Note repayable in cash
20 - Federal and regional governments and sovereign fund. Governments shares in TKGM.
27 - EthioPrefs into KEFI Ethiopia. Ethiopian qualified investors..
5 - Costs which could be paid in shares. Whilst most closing costs are payable in cash, certain costs might be paid in KEFI Shares following Sig market prices.