Bathurst trading halt extended to Wednesday morning for capital raising

Mon, 02 Sep 2013

Sept. 3 (BusinessDesk) - Bathurst Resources had its trading halt extended for 24 hours until the start of trading on the NZX on Wednesday to allow it to complete its $20 million capital raising. The company has net cash on hand of $8 million and says it will need $13.3 million in year one of a plan to bring the export-focused coking coal operation at its Escarpment development on the Denniston Plateau into production, along with $6.6 million on domestic operations, which sell thermal coal to local consumers. That would take Bathurst to 640,0...

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