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ASX investors warm to PNG play

A$15.5 million raised through IPO

Jacqueline Holman
An outcropping at the Depot Creek coal project in PNG

An outcropping at the Depot Creek coal project in PNG

It has issued 38.8 million shares at A$0.40 (US$0.32) apiece to about 400 applicants, including funds, individuals and retail investors.  The listing provides the company with a solid funding base and...

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