Malabar Coal Ltd Announces Launch Of IPO On ASX
Malabar Coal Ltd announced that on Australian Securities Exchange (ASX) following its successful Initial Public Offering (IPO). Malabar’s market capitalisation at the listing price is $85 million. Wilson HTM was the Lead Arranger, and Wilson HTM and RBS Morgans were the joint lead managers, bookrunners and underwriters. Funds raised through the IPO of $20 million will be directed to continued development of the Project including: drilling, environmental studies and monitoring, engineering studies, development approvals, and strategic land acquisitions, as well as, general working capital and the costs associated with the IPO. The Board comprises Wayne Seabrook as Chairman.
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