Aim-listed Kefi Minerals has conditionally raised about £1.75-million to progress its Tulu Kapi gold project, in western Ethiopia. The gold exploration and development company issued 499-million new ordinary shares of 0.1p apiece at a price of 0.35p a share in a placing through Brandon Hill Capital, together with a Ausdrill International’s share placing of 99.2-million subscribed shares.
