SMR 1.91% $3.08 stanmore resources limited

News: SMR Stanmore Resources Conducts Equity Raising To Fund Acquisition Of BHP's 80% Stake In BHP...

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    March 3 (Reuters) - Stanmore Resources Ltd (SMR) :

    • PARTIALLY UNDERWRITTEN ACCELERATED RENOUNCEABLE ENTITLEMENT OFFER TO RAISE ABOUT US$506 MILLION TO PART FUND BMC ACQUISITION
    • EQUITY RAISING TO PROVIDE FUNDING FOR ACQUISITION OF BHP'S 80% INTEREST IN BHP MITSUI COAL PTY LTD
    • 7 FOR 3 PRO RATA RENOUNCEABLE ACCELERATED ENTITLEMENT OFFER TO RAISE A$694.1M
    • WILL ISSUE ABOUT 631 MILLION NEW SHARES
 
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