Oversubscribed Atrum Coal lists on ASX
25th Jul 2012
JULY 25 – Canadian-focused Australian-based coal explorer/developer Atrum Coal has listed on the ASX after raising $A9.1M.
The company’s projects in British Columbia include its flagship Groundhog Coal Project, which has a 50Mt JORC inferred resource and a 390Mt-510Mt exploration target. Others include the Peace River project, with an exploration target of up to 25Mt, the Naskeena project, with an exploration target of 200Mt-250Mt and the Bowron River project.
Atrum issued 45.5M 20c shares under the IPO and now has 100.3M fully paid ordinary shares on issue for an undiluted market cap of about $20.1M.
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