Edwin Coe is pleased to announce that it has advised Kendrick Resources Plc on its admission to the main market of the London Stock Exchange (LSE), achieving a £3.25 million fundraising at 3.5p per share.
Kendrick Resources Plc is a London-based mineral exploration and development company with projects primarily based across Scandinavia (in Finland and Sweden with an option over 3 projects in Norway). The company explores the opportunities within the natural resources sector with a focus on battery, base, and precious metals notably vanadium and nickel. The proceeds of the transaction will be used to undertake further exploration and development projects, along with funding ongoing operating costs.
The Edwin Coe team was led by Head of Corporate & Commercial Russel Shear along with Associate Dana Eyre. “We are delighted to have advised on this transaction and wish Kendrick Resources every success in their plans of building a top tier energy metals production business,” commented Russel Shear.
You can read the full announcement on the LSE’s website here.
About Edwin Coe
Edwin Coe LLP is a full service law firm based in the heart of London’s historic legal district in Lincoln’s Inn. Founded in 1913, we have grown from our litigation origins to become a thriving and dynamic practice, providing a comprehensive range of legal services to meet the needs of a wide variety of businesses, individuals and organisations based throughout the UK and internationally.
With 44 Partners, we are ranked 115 in the 2021 edition of The Lawyer ‘UK 200’ law firms and are recommended in all the major legal directories. We provide clients with innovative, tailored and integrated legal services and combine a highly personal and responsive service with industry leading expertise.