Kefi28 Sep 2018 15:35
Mr John Leach, Finance Director of KEFI said, "The signing of the binding Agreement for project-level equity is a watershed moment for KEFI. We have successfully assembled all the equity development capital at the project level, based on significant local financial institutional support for project equity investment.
"KEFI's majority interest in the Project gives the Company an implied valuation of US$66 million based on these transaction metrics, whilst not including any value for the Tulu Kapi underground deposit or the exploration prospects in Ethiopia and Saudi Arabia, the largest countries within the highly prospective Arabian Nubian Shield where KEFI is focused."