BHP raises $5.9m

8 February 2011

Broken Hill Prospecting Ltd said it has raised A$4.5 million (NZ$5.9 million) from its initial public offer (IPO) and the shares will start trading on both the NZX and ASX on February 15. Heritage Gold will own 21.7 per cent of Broken Hill Prospecting, which is exploring cobalt and base metal tenements near the mining centre of Broken Hill in Australia.

The Press