Bowen Coking Coal Ltd (AU:BCB) has released an update.
Bowen Coking Coal Ltd is progressing with its Entitlement Offer, having received applications exceeding A$20 million, which is anticipated to meet the minimum subscription requirement. The company has also increased its underwritten amount to $49.8 million, bolstered by commitments from Taurus and New Hope. These financial maneuvers reflect Bowen’s strategic efforts to reinforce its capital position.
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