Kefi raises £5.62m for Tulu Kapi expenditure, exploration work

Aim-listed Kefi Minerals has conditionally raised £5.62-million before expenses through a share placement. It issued ten-million shares to existing and new shareholders, valued at £600 000; issued 7.13-million subscription shares to directors and employees, valued at £400 000; and subscribed 82-million Lanstead shares to raise £4.62-million.