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: SMR Stanmore Resources to raise $506 mln for BHP Mitsui Coal stake buy
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Last
$2.36 |
Change
-0.090(3.67%) |
Mkt cap ! $2.127B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.45 | $2.35 | $5.635M | 2.364M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 27687 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.37 | 9777 | 3 |
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| Last trade - 16.13pm 25/07/2025 (20 minute delay) ? |
| SMR (ASX) Chart |