KEFI Gold and Copper Plc, the gold exploration and development company with projects in the Federal Democratic Republic of Ethiopia and the Kingdom of Saudi Arabia announced oversubscribed fundraising to raise gross cash proceeds of £8.0 million through a Firm Placing of 550,000,000 new ordinary shares (KEFI), according to a Regulatory News Statement issued by KEFI Gold and Copper Plc on 20 April 2022.