Bowen Coking Coal boosts coffers as projects advance
Bowen Coking Coal has announced a successful $3 million capital raising as it fast-tracks the development program for the Broadmeadow East coking coal mine.
The company said the funds would also go towards general working capital purposes, including Isaac River permitting and business development opportunities.
“We are delighted with the support for the (share) placement and welcome a number of new institutional investors to the register," managing director and chief executive officer Gerhard Redelinghuys said.
"The team are focused on fast-tracking production at Broadmeadow East and advancing the Isaac River asset.
"We have an exciting suite of assets. . .
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