Kenmare Resources close to $200m debt restructuring deal

Plan not yet agreed but details announced to stock exchange today

29th April, 2016
Michael Carvill, Managing Directorof Kenmare Resources

Kenmare Resources has announces a proposed capital restructured that would reduce its outstanding debt from $367.8 million to not more than $100 million.

The plan has not yet been agreed but according to a statement to the stock exchange significant progress has been made and summary details of a capital restructuring have been announced to the stock exchange this morning.

That potential restructuring would including a $100 million placing of new ordinary shares with State General Reserve...

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