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05 Jul
01:23

Bowen completes share purchase plan

Australian coal miner Bowen Coking Coal has successfully completed its fully underwritten share purchase plan (SPP), first announced in early June, that was capped at AUD 10 million ($6.69m), Kallanish notes. Bowen has accepted all applications received by the close of the SPP on 23 June, totalling AUD 986,770. Petra Capital acted as underwriter to the SPP and is in the process of settling the SPP shortfall in accordance with the underwriting agreement and timeta…
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