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Pin to quick picksKefi Gold & Copper Share News (KEFI)

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UK TRADING UPDATE SUMMARY: CentralNic Happy With KeyDrive Performance

Mon, 02nd Nov 2020 21:56

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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CentralNic Group PLC - domain name registry and registrar services firm - Says KeyDrive SA, bought in 2018, has performed well in financial 2019. As a result, USD2.2 million in additional consideration is payable to Inter.Services GmbH. CentralNic says USD336,750 will be settled in cash and the remainder via the issue of 1.7 million shares. Inter.Services may still earn up to USD1.4 million in additional consideration in future. "We have been delighted with the performance of KeyDrive ever since its acquisition over two years ago," says CentralNic Chief Executive Ben Crawford. Separately announces the completion of its acquisition of the Zeropark and Voluum businesses for USD36 million. "This earnings-enhancing acquisition will greatly complement our existing, fast-growing monetisation business, while providing numerous opportunities for revenue and cost synergies," says Crawford.

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Marlowe PLC - London-based safety & compliance services firm - Buys Black & Banton Occupational and Physical Health Ltd for an initial consideration of GBP1.1 million. Black & Banton provides occupational health services to businesses in the North of England and Scotland. For the year ended April 30, Black & Banton generated pretax profit of GBP400,000 on revenue of GBP1.7 million. The total enterprise value of up to GBP1.5 million includes a contingent cash earn-out of up to GBP400,000.

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Kefi Gold & Copper PLC - gold explorer in Ethiopia and Saudi Arabia - Confirms the recommencement of drilling at the company's Hawiah project in Saudi Arabia. "The Hawiah deposit remains open at depth and beyond the existing 4km strike. Increasing copper grades intersected in the previous deepest drill hole at the Camp Lode indicate an excellent opportunity to add additional high-grade copper-gold resources during this phase of drilling," says Executive Chair Harry Anagnostaras-Adams.

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Anglo Asian Mining PLC - copper & gold producer in Azerbaijan - Reports updated mineral resources and ore reserves for the Gedabek open pit and Gadir underground mine located at the company's Gedabek licence area in Western Azerbaijan. Says Gedabek open pit total mineral resources of 735,000 ounces of gold and 69,100 tonnes of copper. Says total mineral resources of 267,000 ounces of gold and 2,183 tonnes of copper for Gadir underground mine. "I am delighted to announce these latest JORC estimates for the Gedabek open pit and Gadir underground mines. These show the economically mineable Ore Reserves remaining in the open pit mine amount to 284,000 ounces of gold and 26,000 tonnes of copper. The economically mineable Ore Reserves for the Gadir underground mine amount to 49,000 ounces of gold and 191 tonnes of copper," says Chief Executive Reza Vaziri.

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Adriatic Metals PLC - Cheltenham-based exploration & development firm - Has entered into a Deed of Settlement and Release with Sandfire Resources Ltd, where both parties have agreed to settle the dispute relating to proceeding CIV 1820 of 2020 brought by Sandfire against Adriatic in the Supreme Court of Western Australia. Sandfire has agreed to pay Adriatic AUD8.6 million in cash for the issue of 4.8 million chess depository interests in the company, pursuant to Sandfire's anti-dilution right under the previously announced collaboration and strategic partnership deed.

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Yamana Gold Inc - Canadian-based precious metals producer - Agrees to buy all of the outstanding shares of Monarch not already owned by Yamana under a plan of arrangement for consideration, including cash and shares, of approximately CAD152 million. "The acquisition provides Yamana with a high-quality project with a significant mineral reserve and mineral resource base and excellent potential for further expansion," the company says.

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Castillo Copper Ltd - Australia and Zambia focused base metal explorer - Reports "encouraging" results from a recently completed systematic infill soil sampling campaign at its 100% owned Mkushi Project in Zambia's copper-belt. Says results confirmed eight target areas with significant copper anomalism and strike lengths. "We continue to make good progress in Zambia across multiple assets. These soil anomaly results from Mkushi are highly encouraging since they extend mineralisation along strike from a known operating copper mine," says Castillo Copper's UK-based director Ged Hall.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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28 Jun 2023 18:37

TRADING UPDATES: Lansdowne Oil & Gas seeks talks over Barryroe dispute

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News:

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23 Jun 2023 15:51

UK shareholder meetings calendar - next 7 days

Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
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Tuesday 27 June 
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Comptoir Group PLCAGM
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First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
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Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
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Wednesday 28 June 
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Cobra Resources PLCAGM
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Dial Square Investments PLCAGM
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NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
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St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
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Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
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Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
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East Imperial PLCAGM
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Eden Research PLCAGM
Engage XR Holdings PLCAGM
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Gresham House Energy Storage Fund PLCGM re remuneration policy
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tinyBuild IncAGM
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Verici Dx PLCAGM
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Ascent Resources PLCAGM
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Caspian Sunrise PLCAGM
Codex Acquisitions PLCAGM
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FireAngel Safety Technology Group PLCAGM
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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19 Jun 2023 15:18

IN BRIEF: Kefi Gold & Copper says Tulu Kapi project conditions met

Kefi Gold & Copper PLC - Ethiopia-focused gold and copper company - Says that all outstanding financing conditions requiring Ethiopian government input regarding the Tulu Kapi gold project have now been met. Says this enables Tulu Kapi individual syndicate members to proceed to final committee and board reviews and approvals for the USD390 million project finance package.

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19 Jun 2023 10:35

Kefi meets all government financing conditions for Tulu Kapi

(Sharecast News) - Kefi Gold and Copper updated the market on the Tulu Kapi Gold Project in Ethiopia on Monday, announcing that all outstanding major financing conditions precedent requiring Ethiopian government input had been met.

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9 Jun 2023 16:14

IN BRIEF: Kefi Gold & Copper widens loss; notes more positive backdrop

Kefi Gold & Copper PLC - Ethiopia and Saudi Arabia-focused gold and copper explorer and developer - Posts a pretax loss of GBP6.4 million in 2022, widening from GBP4.9 million in 2021. Widened loss comes as company records a GBP2.8 million loss from a jointly controlled entity, compared to no such loss the year prior. Records no revenue, unchanged from a year prior. Notes that working environment in Ethiopia and Saudi Arabia "transformed for the better" during the year. "We now enjoy highly supportive mine-regulatory working environments in both countries which are also prioritising projects like ours across all the relevant Government agencies. Given that we have three advancing potential development projects in these jurisdictions, the company is now in a much better risk/return position than it has ever been," the company says.

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31 May 2023 12:16

IN BRIEF: Kefi Gold & Copper raises GBP244,000 in retail share offer

Kefi Gold & Copper PLC - gold exploration and development in Ethiopia and Saudi Arabia - Raises GBP243,741 via a retail share offer, with orders for 34.8 million shares at a placing price of 0.7 pence each. In total, wider capital raise now expected to total GBP6.4 million, including GBP5.5 million share placing and GBP700,000 subscription at same price.

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3 Apr 2023 18:05

TRADING UPDATES: Redx confirms Jounce deal lapses, Tirupati seals deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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22 Mar 2023 14:54

Kefi Gold makes significant progress in Ethiopia, Saudi Arabia

(Sharecast News) - Gold and copper explorer and developer Kefi reported significant progress in Saudi Arabia in an update on Wednesday, as well as the agreeing in-principle of the Tulu Kapi Gold finance package of $390m.

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3 Feb 2023 16:30

TRADING UPDATES: Altona extends repayment; Kefi advances Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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1 Feb 2023 16:49

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Feb 2023 16:48

TRADING UPDATES: Atlantic ups estimate; Kefi to list in Saudi Arabia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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23 Jan 2023 22:00

TRADING UPDATES: CyanConnode to raise funds; Pure Gold cancels listing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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11 Jan 2023 09:30

CORRECT: Getech signs deal; AfriTin confirms name change

(Corrects that Zenith Energy is based in Canada, not in Scotland.)

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10 Jan 2023 21:34

TRADING UPDATES: Getech signs deal; AfriTin confirms name change

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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10 Jan 2023 15:43

Kefi joint venture awarded five more Saudi licences

(Sharecast News) - Copper explorer and developer Kefi announced the award of five additional exploration licences through its Gold and Minerals Limited (GMCO) joint venture in Saudi Arabia on Tuesday.

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