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12
Dec
2016
Paringa raises A$8m to update Poplar Grove BFSBy:Creamer Media Senior Deputy Editor: Australasia CAPITAL RAISE ASX-listed coal developer Paringa Resources will raise some A$8-million through an institutional placement to complete an updated bankable feasibility study (BFS) for the Poplar Grove mine, in Western Kentucky’s Illinois basin.
The company will offer 19-million shares, at 42c each, to institutional investors to raise the funds.
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