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Austpac, BHP join forces

AUSTPAC Resources has signed a heads of agreement with BHP Billiton, with the mining giant to fun...

Rebecca Lawson

BHP will take a placement of 25 million fully paid ordinary Austpac shares at 20c apiece to raise $5 million and will become the largest shareholder in Austpac, holding a 3.8% interest. The deal follows...

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