Bowen Coking Coal Ltd (AU:BCB) has released an update.
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.
For further insights into AU:BCB stock, check out TipRanks’ Stock Analysis page.