Bowen Coking has announced a partially underwritten Equity Raising of approximately AU$70 million

Bowen Coking Coal Ltd (ASX: BCB) announced an exciting opportunity for shareholders. With a partially underwritten ~AU$70 million renounceable entitlement offer, Bowen aims to bolster its balance sheet and secure the necessary funding for the Plumtree North mine development costs at the Company’s Burton Mine Complex, prepayments, guarantees, and general working capital requirements.

Nick Jorss, Bowen Coking Coal Executive Chairman, emphasized the significance of this offer, stating, The Board is thrilled to extend this invitation to Bowen’s shareholders, as it is poised to fortify its balance sheet following the successful debt renegotiation. The Burton operations are thriving, attaining steady state production levels at Ellensfield South. This is an extraordinary opportunity for shareholders to contribute to Bowen’s continued success and growth.

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