Bowen Coking Coal Ltd (AU:BCB) has released an update.
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Bowen Coking Coal Ltd successfully concluded its entitlement offer, raising approximately A$6.15 million from shareholders and securing additional commitments to underwrite a total of A$41.5 million. The company aims to allocate any unsubscribed shares to eligible shareholders and potentially offer the shortfall to institutional investors, strengthening its financial position to expand operations in Queensland’s Bowen Basin.
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