Bathurst seeks further $6M from Aussie shareholders only

Wed, 11 Sep 2013

By Pattrick Smellie Sept. 12 (BusinessDesk) – Bathurst Resources is to raise a further A$5.4 million (NZ$6 million) from Australian shareholders not involved in the placement earlier this month with institutional and “sophisticated” investors, which raised $18.9 million. However, its New Zealand retail shareholders won’t get a look in, despite the company moving its headquarters to Wellington to reinforce its commitment to the local economy as it battles environmental objections to its plans to mine coking coal on the Denniston Plateau, abov...

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