Broken Hill Prospecting IPO raises $4.47m

9 February 2011

The spin-off of a new dual-listed NSW cobalt mining operation Broken Hill Prospecting Ltd – 30% owned by NZ’s Heritage Gold – has gone off without a hitch and raised A$4.47m to allow mining operations to be developed. The BHPL IPO sought A$5m through the issue of up to 25m shares at a price of A20c each.

New Zealand Energy & Environment Business Week