Stanmore Resources is raising $694.1 million through a partially underwritten renounceable entitlement offer to back its acquisition of an 80 per cent stake in the BHP Mitsui Coal (BMC) business.Golden Investments Australia, a subsidiary of Stanmore’s 75.33 per cent stakeholder Golden Energy and Resources, has committed to subscribe for $US300m ($411 million) of its entitlements […]
