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Golden Energy and Resources to pare stake in Stanmore
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Published Thu, Mar 3, 2022 · 09:50 PM
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Singapore
GOLDEN Energy and Resources (Gear) is reducing its stake in Stanmore Resources by subscribing for US$300 million of its entitlements in the Australia-listed coal producer's offer of new ordinary shares on the Australia Stock Exchange (ASX).
Through the offer, Stanmore plans to raise some US$506 million to partially fund its acquisition of BHP Group's 80 per cent interest in BHP Mitsui Coal.
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