Global legal practice, Norton Rose Fulbright has advised RBC Capital Markets and J&E Davy in their roles as joint bookrunners and underwriters on the recent US$105 million fundraising by Kenmare Resources plc (Kenmare).

The fundraising was conducted by way of a fully underwritten placing of new ordinary shares and warrants to subscribe for new ordinary shares.

Kenmare is a FTSE 250 company, with its primary listing on the Main Market of the London Stock Exchange and a secondary listing on the Irish Stock Exchange. Kenmare's principal activity is the operation of the Moma mine, located on the north east coast of Mozambique, which contains reserves of titanium minerals.

The Norton Rose Fulbright team was led by corporate partner, Raj Karia, assisted by Brian Butterwick.