Separately, Mr Tinkler moved today to bolster its coal assets elsewhere in Australia. ASX-listed Blackwood Corp said it has raised $28.4 million by placing shares with another of Mr Tinkler’s investment vehicles, Mulsanne Resources.
The placement, made at 30c a share, represents a 50 percent premium to Blackwood’s five-day weighted average price and gives Mulsanne the right to appoint two directors to the board.
EB
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