Bathurst Resources needs extra day to complete capital raising via discounted offer

Mon, 14 Apr 2014

April 14 (BusinessDesk) - Bathurst Resources says it needs an extra day to complete a discounted share placement raising funds to develop its controversial Escarpment open-cut coal mine on the Denniston Plateau near Westport. The Wellington-based mining company would raise as much as $6.87 million at its current stock price, based on its intention to make a placement amounting to 10 percent to 12 percent of its capital at a discount of 15 percent to 20 percent. The shares were at 8.2 cents before being halted yesterday and have dropped 59 per...

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