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Atrum cashes up for Canada coal push

Atrum Coal (AU:ATU) may have been removed from the All Ords index during the latest rebalancing, but the downgrading hasn’t stopped the company from successfully completing an oversubscribed A$8 million (US$6.2 million) raising to complete the acquisition of the Elan coking coal project in Canada.

Staff reporter
Atrum cashes up for Canada coal push

The A$8 million placement is part of a wider A$12.6 million capital plan that should enable both the asset purchase and an aggressive exploration program at Elan South where there is an estimated resource...

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