Kefi Gold and Copper PLC Grant of Share Options to an Adviser (2225M)

TIDMKEFI

RNS Number : 2225M

Kefi Gold and Copper PLC

12 September 2023

12 September 2023

KEFI Gold and Copper plc

("KEFI" or the "Company")

Grant of Share Options to an Adviser

KEFI Gold and Copper Plc (AIM: KEFI) announces that following the appointment of 3PPB LLC ("3PPB") as the Company's non-UK investor relations adviser on 1 July 2023, 3PPB has today been issued options to acquire 8,000,000 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at an exercise price of 0.6 pence per Ordinary Share (the "Options"). The exercise price is at a small premium to the prevailing market price of the Ordinary Shares on the date of 3PPB's appointment.

The Options have a term of seven years and shall vest at the earlier of the Company's Tulu Kapi Gold Project closing its project financing or six months from the date of 3PPB's appointment. If the Company's contract with 3PPB is not renewed or extended beyond its initial six month term, the Options will remain exercisable for 12 months from the end date of 3PPB's engagement with the Company.

Enquiries

 
 KEFI Gold and Copper plc 
 Harry Anagnostaras-Adams (Managing Director)    [phone] 
 John Leach (Finance Director)                   [phone] 
 
 SP Angel Corporate Finance LLP (Nominated 
  Adviser)                                       [phone] 
 Jeff Keating, Adam Cowl 
 
 Tavira Securities Limited (Lead Broker)         [phone] 
 Oliver Stansfield, Jonathan Evans 
 
 IFC Advisory Ltd (Financial PR and IR)          [phone] 
 Tim Metcalfe, Florence Chandler 
 
 3PPB LLC International (Non-UK IR) 
 Patrick Chidley                                 [phone] 
 Paul Durham                                     + 1 [phone] 
 

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September 12, 2023 12:50 ET (16:50 GMT)