Bathurst raises NZ$18.9 million

Summary by 6ix AI

Bathurst Resources Ltd has successfully raised funds through a placement of shares to institutional and professional investors, as reported in the filing. The company raised a total amount before costs and is considering a Share Purchase Plan for eligible shareholders. The proceeds will be used for working capital and to support the resource consenting process for the Escarpment Project. The Chairman expressed satisfaction with the investor support, indicating positive market sentiment towards the company's future prospects.

Written by 6ix AI from the company’s filing. How 6ix writes summaries