11th Oct 2013 08:35
(An item published at 0930 BST misstated the price per share in the first paragraph due to an error by the company. The correct version follows.)
LONDON (Alliance News) - Kenmare Resources PLC Friday said it had raised GBP66.33 million by placing 250 million new shares at 26.5 pence each.
Each subscriber to the new shares will also get one warrant for each five shares bought. The warrants have an exercise price of 29.09 pence and can be exercised after 13 months, but expire in five years.
No other details were provided.
Kenmare shares were down 12.9% at 25.341 pence Friday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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