Bathurst Resources raising up to $6.87mln in placement at 15-20 percent discount

Sun, 13 Apr 2014

April 14 (BusinessDesk) - Bathurst Resources, which has cut jobs and delayed the start to its controversial Escarpment open-cut mine on the Denniston Plateau pending a recovery in coal prices, may raise up to $6.87 million in a discounted share placement. The mining company had its stock halted from trading ion the NZX and ASX for the capital raising. A competitive bookbuild is underway as part of a placement that would amount to 10 percent to 12 percent of Bathurst’s capital at a discount of 15 percent to 20 percent. The detail was included...

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