March 3 (Reuters) - Coal explorer Stanmore Resources (SMR) said on Thursday it would raise A$694 million ($506.06 million) to fund the acquisition of an 80% stake in BHP Mitsui Coal (BMC), a joint venture in Queensland, from global miner BHP Group (BHP) .
Stanmore, which signed the deal with BHP in November to buy the stake for $1.35 billion, said it would issue about 631 million shares through a proposed entitlement offer at A$1.10 per share, a 12% discount to stock's last close.
($1 = 1.3714 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: BHP Stanmore Resources to raise $506 mln for BHP Mitsui Coal stake buy
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$39.64 |
Change
-0.330(0.83%) |
Mkt cap ! $201.3B | |||
| Open | High | Low | Value | Volume |
| $39.77 | $40.20 | $39.30 | $902.1M | 22.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 132000 | $39.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.64 | 4977 | 1 |
View Market Depth
| Last trade - 16.14pm 19/09/2025 (20 minute delay) ? |
| BHP (ASX) Chart |