Broken Hill Prospecting Ltd said it has raised A$4.5 million (NZ$5.9 million) from its initial public offer (IPO) and the shares will start trading on both the NZX and ASX on February 15.
Broken Hill Prospecting Ltd said it has raised A$4.5 million (NZ$5.9 million) from its initial public offer (IPO) and the shares will start trading on both the NZX and ASX on February 15.
Heritage Gold will own 21.7 percent of Broken Hill Prospecting, which is exploring cobalt and base metal tenements near the mining centre of Broken Hill in Australia.
Heritage Gold chief executive Peter Atkinson said he was pleased with the outcome of the IPO, which was launched just days before the Pike River Coal disaster in New Zealand.
