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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Miner Kenmare plots to raise 10 times its market cap with £250m turnaround plan

Posted on 21 June 2016

Dublin-based miner Kenmare Resources intends to raise 10 times its £26m market cap in an ambitious capital raising that could see it eliminate debt and restore its share price from penny-stock status.
The London-listed miner already has commitments from three major existing shareholders and the sovereign wealth fund of Oman to raise at least $215m; a further $60m placing has been underwritten by the company’s lenders - primarily development banks - in a debt for equity swap………………………………………..Full Article: Source


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