Broken Hill Prospecting Ltd (BHPL) is selling shares that will be listed on the NZX as well the ASX.The company is 28 percent-owned by dual-listed Heritage Gold NZ Ltd.BHPL will distribute the prospectus in New Zealand under the Mutual Recognition of Secu
Broken Hill Prospecting Ltd (BHPL) is selling shares that will be listed on the NZX as well the ASX.
The company is 28 percent-owned by dual-listed Heritage Gold NZ Ltd.
BHPL will distribute the prospectus in New Zealand under the Mutual Recognition of Securities regulations and shareholders in Heritage Gold have been granted a priority entitlement to take up shares in the issue.
The offer is for up to 25 million shares of A20c each with a free option to buy a share at A20c for every two ordinary shares held within three years of listing. The company can accept over subscriptions of 10 million shares.
BHPL will use the money raised to explore sulphide prospects and cobalt deposits in the Broken Hill region of Australia.
The offer opens on November 15 and closes on December 6.
