Atrum raises $20M

ATRUM Coal has locked away a A$20 million equity raising, half with a new cornerstone institutional investor, and half including some new institutions, as it moves to capitalise on a revived interest in Canadian coal peddlers sparked by Hancock Prospecting’s move on neighbouring Riversdale Mining.

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Atrum wants to dig up Canadian coal.

Hancock's recent announcement of a $630 million bid for the 80% in Riverdale is does not own caused Atrum's shares to soar from 14.

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