APAC Coal IPO Review

A new IPO is expected to hit the Australian markets very soon. Very recently, there was the Iron Roads IPO (Read Review), which made the headlines in Australia. This time, there is a new IPO or initial Public offering from the energy segment.

Explorer APAC Coal Ltd is expected to come out with an IPO to raise around $15 million through an initial public offer.

Where will the APAC Coal IPO Proceeds be used?
The capital raised from APAC Coal IPO will be used to to fund the development of a thermal coal mine in Indonesia. The working capital will also enable the company to mine, fund exploration activities and also take advantage of acquisition opportunities as they arise

What are the business valuations of the APAC Coal Company?
APAC Coal's flagship project is located in East Kalimantan, Indonesia, and contains a resource of 5.1 million tonne's of thermal coal, which is used to fuel power stations.

How many shares will be sold in APAC Coal IPO? OR what is the size of APAC Coal IPO?
APAC Coal plans to sell 75 million shares

What is the price of the APAC Coal IPO shares?
The APAC Coal IPO shares are priced at 20 cents per share.

What will be total amount of capital raised from the APAC Coal IPO?
Around $15 million is expected to be raised through the APAC Coal IPO.

Any other news from APAC Coal IPO?
As per the news from SMH, "APAC Coal has entered into an exciting phase of its development and with the capital from the IPO proceeds we will be able to produce thermal coal from the new mine which is currently in the pre-production phase," chairman Paul Piercy said in a statement.

Mr Piercy said the coal would be sold principally into the domestic energy market with the intent to enter the international export market "very quickly". "The prices of thermal coal have also been very buoyant with prices reaching over $US120 per tonne from an earlier base price of $US25 per tonne," he added.

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