Bathurst seeks up to $2.67 mln in rights issue

Thu, 29 May 2014

By Paul McBeth May. 29 (BusinessDesk) - Bathurst Resources, which raised A$7.39 million in a discounted placement to institutional investors last month, is seeking up to $2.67 million in a rights issue, to help fund the development of its Escarpment open-cut coal mine on the Denniston Plateau near Westport. The Wellington-based mining company intends to make a 1-for-23 pro rata non-renounceable entitlement offer at 6.5 cents per share, and plans to lodge the offer document tomorrow, it said in a statement. The shares were unchanged at 6.5...

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