News Column

DIRECTOR DEALINGS: KEFI Minerals Directors Buy 4.9 Million Shares

June 11, 2014

Arvind Bhunjun



LONDON (Alliance News) - Gold exploration and development company KEFI Minerals PLC Wednesday said a group of directors bought a total of approximately 4.9 million shares between them at a price of 1.5 pence per share.



Details are as follows.

Director

Position

Number of shares acquired

Resultant shareholding

Resultant shareholding as a % of the current issued share capital

 

Harry Anagnostaras-Adams

Non-Executive Chairman

2,000,000

13,966,667

1.40

Ian Plimer

Deputy Chairman

1,866,668

3,116,668

0.31

Jeff Rayner

Managing Director

1,000,000

4,783,333

0.48





Nyota Minerals Ltd said Wednesday it has entered a deal to sell its remaining 25% in the Tulu Kapi Gold project in Ethiopia to KEFI for GBP1.5 million in cash and shares, after failing to fund its cash calls for the site.



KEFI shares were up 1.9% at 1.58p Wednesday.










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Source: Alliance News


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