RNS Sept 20183 Mar 2020 10:29
Nobody is getting ahead of themselves read the RNS from two years ago what's changed ? nothing.
Fri, 28th Sep 2018 13:45
RNS Number : 3758C
KEFI Minerals plc
28 September 2018
"The release by ANS of the subscription to TKGM is planned in two instalments:
· The first instalment of US$9M (Ethiopian Birr equivalent) is to be subscribed to TKGM in the next quarter for a 7% shareholding in TKGM, following receipt of (a) Government administrative approvals, including for the ANS subscription to TKGM and; (b) reasonable assurances of the full funding proceeding from the secured financing providers. The disbursement of these funds by TKGM does not need to await the closing of full funding.
· The second instalment of US$21-29M (Ethiopian Birr equivalent) to be subscribed to TKGM at, or before full financial close of all development funding which is targeted upon completion of the first community resettlements in early 2019."