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An Ethiopian investment syndicate has backed Kefi Minerals’ (AIM:KEFI) Tulu Kapi gold project in the country by investing US$30 million in exchange for an interest in the project.
Kefi has raised more funds for the Tulu Kapi gold project in Ethiopia
Once the agreement goes through, Kefi will own 54% of Tulu Kapi, with the syndicate holding 23% and Ethiopia's government holding the remaining 23%.
Project has until July 2022 to hit commitments
KEFI lines up funding for Tulu Kapi
Kefi flags delays at Tulu Kapi
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