CAPITAL MARKETS

Second try for Canadian coking coal play

TWO years after its first attempt, Montem Resources is trying for a second time to list on the Australian Securities Exchange, with a fully underwritten initial public offer seeking A$8 million to support its efforts to resurrect the Tent Mountain coal mine in Canada’s Crowsnest Pass.

Tent Mountain

Tent Mountain

Last time around the company sought up to $20 million at 50c per share, but this time it has scaled that back. The 25c offer has the backing of Morgans Corporate, which was appointed to support the back...

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