Bathurst Resources to reincorporate as NZ company, eyes NZ equity raising

Tue, 02 Apr 2013

April 2 (BusinessDesk) - Bathurst Resources, the West Australia-based company that gained tentative approval for its Escarpment coal mine on the West Coast's Denniston Plateau last month, plans to reincorporate as a New Zealand company. The change will be by way of a scheme of arrangement, with shareholders being issued one share in Bathurst NZ for each existing Bathurst share held, the company said today. The plan needs approval of shareholders and Australian courts and regulators. “As we gear up to become one of New Zealand’s largest coal...

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