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/
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