Kenmare enters agreement for proposed $100m investment

April 28, 2016

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Mozambique-focused Kenmare Resources has entered into a conditional subscription and relationship agreement with chemicals trading company King Ally Holdings for a proposed $100-million investment in Kenmare. The proposed investment would be on the basis that King Ally would hold a maximum 29.9% of Kenmare’s enlarged issued share capital on completion of a capital restructuring.

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