Broken Hill IPO raises $4.5 million ahead of stock exchange listing

7 February 2011

Heritage Gold has announced the initial public offering of base metal explorer Broken Hill Prospecting has raised $4.5 million. As a result of the successful capital raising, Broken Hill is expected to list on the New Zealand and Australian stock exchanges on February 15, with Heritage Gold set to maintain a 21.7% stake in the company after the share issue.