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07 Jun
08:44

Bowen raises funds for Burton coal project

Australian coal miner Bowen Coking Coal is raising AUD 50 million ($33.34m) for its Burton coal mine in Moranbah, Australia, Kallanish notes. The company has completed an AUD 40m placement at AUD 0.17 per share. It has also announced a fully underwritten AUD 10m share purchase plan to eligible shareholders on the record date, at the same price as the placement. The capital raising will allow the company to continue its growth trajectory and the development of th…
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