Kenmare Resources PLC (JEV.L)
|Market Cap (Mil.):||£419.81|
|Shares Outstanding (Mil.):||2,781.91|
LONDON, Oct 10 - Irish-based miner Kenmare Resources said it would sell new shares to raise 66.33 million pounds ($105.82 million) in short term liquidity after weak pricing for minerals and lower production caused a funding squeeze.
Oct 10 - Kenmare Resources PLC : * Placing * Placing of 250,300,000 new ordinary shares in the company * Placing price is STG26.5P ("placing price") per new ordinary share * Gross proceeds of the placing will be £66.33 million (approximately US$105.85