Kenmare Resources - Re: KMR Stream Log - I like the sound of...

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Re: KMR Stream Log
09:30 07/12/2015
Phonner
0 replies 0 0

I like the sound of this bit of the RNS: SGRF, a sovereign wealth fund of the Sultanate of Oman, has approved in principle an investment of US$100 million in the firm placing via one of its subsidiaries, subject to and conditional upon, inter alia, agreement of a subscription agreement, agreement of arrangements with the Group's project lenders on the Group's capital structure, procurement of commitments from other shareholders in respect of an additional minimum US$75 million capital, necessary Kenmare shareholder approvals, and finalisation of a prospectus.

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