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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy

Climate change: some bans banned as energy policy evolves

Ian Llewellyn | Tue, 17 May 2022

The Emissions Reduction Plan shows the evolution in the government's thinking on energy policy.

Technology

$20m for SaaS and innovation in the Budget

Ben Moore | Tue, 17 May 2022

A first look at where the digital economy will benefit from government investment.

Charities FREE

Charities regulator more guide dog than watchdog

Oliver Lewis | Tue, 17 May 2022

Regulator opts more for education than enforcement.

Bathurst trading halt extended to Wednesday morning for capital raising

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team