PERTH (miningweekly.com) – ASX-listed Acacia Coal has divested of its shareholding in fellow-listed Bowen Coking Coal at a price of 1.6c each.
Acacia on Friday said that its more than 17.39-million shares had achieved a selling price of A$278 261, with the share sale adding to the company’s cash reserves from its recent rights issue.
The company raised some A$2-million in its non-renounceable rights issue, with the cash going towards exploration at the Mt Windarra and Mt Bruce projects, in Western Australia.