Brief: Bowen Coking Coal Says Fully Underwritten A$50M Equity Raising

Bowen Coking Coal

02/11/2023 01:12

Nov 2 (Reuters) - Bowen Coking Coal Ltd  BCB.AX :
    * FULLY UNDERWRITTEN A$50M EQUITY RAISING
    * PROCEEDS WILL BE USED TO FUND RAMP-UP OF MINING OPERATIONS
AT
ELLENSFIELD SOUTH PIT AND COMPLETION OF BOXCUT ACTIVITIES
    * OFFER PRICE FOR BOTH PLACEMENT AND ENTITLEMENT OFFER WILL
BE
A$0.090
    * KIRMAR GMBH HAS COMMITTED TO A$16 MILLION INVESTMENT IN
BOWEN

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