Acquisition, placing and admission: Kendrick Resources PLC (Main Market)
Kendrick Resources completed acquisitions, £3.25m placing and admission to LSE Main Market’s Standard Segment.
Kendrick Resources PLC (Kendrick) has successfully completed the acquisitions of Northern X Finland Oy, Northern X Scandinavia AB and the assignment of an option agreement from Pursuit Minerals Limited. It completed a placing of £3.25 million and admission to trading to the Standard segment of the London Stock Exchange's Main Market.
Northern X Finland Oy owns the Koitelainen vanadium projects and the Karhujupukka vanadium-magnetite exploration project, both located in Finland.
Northern X Scandinavia AB owns the Airijoki and vanadium project and the Kramsta, Kullberget, Simesvallen and Sumåssjön exploration projects, all located in Sweden.
The assignment of the exploration and option agreement provides the Company with the option to acquire from Eurasian Minerals Sweden AB the Espedalen, Hosanger and Sigdal exploration nickel-copper-cobalt projects in Norway.
Crowe's role and the team
Crowe acted as reporting accountant on the transaction. Paul Blythe led our Capital Markets team, supported by James Leyton.
Client quote
"To assist us with our admission to the Main Market, the Board looked for an experienced reporting accountant to work with our other advisors to deliver an efficient transaction. We are delighted with the outcome and look forward to working closely with Crowe in the future."
Colin Bird, Executive Chairman, Kendrick Resources PLC
