BTU 0.00% 15.0¢ bathurst resources limited

rights issue, page-22

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    $110 million all up.
    1 for 2 rights issue which working backwards looks at about 32 cents.
    $74 million placement.
    Helmsec Global Capital helping to raise the placement money which looks to be 2 to 3 times oversubscribed by US investors. Australian roadshow has been cancelled and deadline for bids has been brought forward from Oct 6 to 30 september.

    All up sounds like a great deal for existing shareholders going forward.
 
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Currently unlisted public company.

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