funding / dilution, page-4

From the Proposed Listing on JSE announcement....

The main aim of the listing is to provide Resource Generation with greater flexibility when raising finance to develop its Boikarabelo mine. The listing is also expected to encourage South African investors to invest in the company.

Paul Jury, managing director of Resource Generation, said: "This is another important step forward in our plan to develop a large-scale coal mining operation. The listing will increase awareness of Resource Generation in the South African business community and is expected to open up additional sources of finance."

I like the sound of that because it means less dilution for ASX shareholders.