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Broken Hill Mines Seeks ASX Quotation for 706,651 New Shares Issued to Underwriters

Story Highlights
  • Broken Hill Mines has requested ASX quotation for 706,651 new fully paid ordinary shares.
  • The shares were issued to underwriters on unexercised options, slightly expanding BHM’s capital base.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Broken Hill Mines Seeks ASX Quotation for 706,651 New Shares Issued to Underwriters

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Coolabah Metals Ltd. ( (AU:BHM) ) just unveiled an update.

Broken Hill Mines Limited has applied to the ASX for quotation of 706,651 new fully paid ordinary shares, issued to the underwriters in relation to unexercised options. The additional shares modestly increase the company’s listed capital base and reflect the completion of underwriting arrangements tied to options that were not taken up by holders, clarifying the company’s capital structure for investors.

More about Coolabah Metals Ltd.

Broken Hill Mines Limited (ASX: BHM) is an Australian listed resources company operating in the mining sector. The company’s primary activities involve the exploration and development of mineral assets, with its securities traded on the Australian Securities Exchange under the code BHM.

Average Trading Volume: 1,317,203

Technical Sentiment Signal: Buy

Current Market Cap: A$316.4M

Find detailed analytics on BHM stock on TipRanks’ Stock Analysis page.

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