Interesting to note - note only did Miton Group buy £360,000 worth of these (for 11% of the company), but Edward Meyer also put in £100,000 of his own money. Both buying at a significant premium to the SP.
On 24 August 2018 the Company followed up its original announcement of 11 June 2018 advising that it had progressed to executing a detailed Heads of Agreement with Ethiopian investors who intend to make their Birr equivalent investment of US$30-35 million in the Project through recently established Ethiopian based Arabian Nubian Shield Resources Limited (since registered as ANS Mining Share Company or "ANS"). ANS' injection of the first instalment of US$9 million (Birr-equivalent) is subject to completion of the remaining due diligence and execution of a binding share subscription agreement. Injection of the balance is subject to full project finance closing proceeding, fully approved by the Ethiopian Government. The final investment sum of ANS must not exceed that which preserves KEFI as majority shareholder of KEFI's Project company, Tulu Kapi Gold Mines Share Company Limited ("TKGM"). The Company is progressing this initiative and expects to move to final agreements soon, in accordance with the previously reported schedule for final binding agreements by the end of September 2018.
Bold statement in the last sentence - particularly given that there is only one working day left in September