Broken Hill Mines nears ASX return after Coolabah Metals acquisition
Coolabah Metals, set to rebrand as Broken Hill Mines, has cleared a key regulatory hurdle by receiving a conditional letter of admission from the ASX in relation to its acquisition of Broken Hill Mines Pty Ltd.
This conditional approval comes as Coolabah completes the A$20-million recompliance capital raise, enabling the company to formally issue shares and pave the way for its return to public trading under the ticker ‘BHM’.
With all major conditions met, the company expects to progress to finalise the acquisition, apply for reinstatement on the ASX, and begin trading on or before July 22. Shareholders will be advised once the exact listing date is confirmed.
This listing forms part of the company's relaunch as a junior miner rooted in the iconic Broken Hill mining region, aiming to tap into the district’s considerable silver/lead/zinc endowment.
Coolabah made a play for Broken Hill Mines last year to gain access to the Rasp mine and an option to acquire a 70% profit share joint venture at the Pinnacles mine.
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