Acaica Coal sells entire shareholding in Bowen Coking Coal Ltd
Published by Stephanie Roker,
Editor
World Coal,
On 7 December, Acacia Coal Limited announced that the company has sold its entire shareholding in Bowen Coking Coal Ltd.
The shareholding entirety consisted of 17 391 304 shares, at a price of 1.6 cents per share for total consideration received of AUS$278 261.
This share sale adds to the company’s cash reserves from its recent rights issue, which was completed in October 2018.
Read the article online at: https://www.worldcoal.com/coal/11122018/acaica-coal-sells-entire-shareholding-in-bowen-coking-coal-ltd/
You might also like
A compact solution for deep mine cooling in Poland
David Kim-Hak, Vice President of Wastewater at Energy Recovery, takes a look at a real-world example of how a mine operation in Poland added pressure exchangers and improved operational flexibility with no scheduled maintenance.