Pilbara iron ore Atlas Iron miner seeks return to trading on ASX
TROUBLED Pilbara miner Atlas Iron will resume trading shares from Monday.
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TROUBLED Pilbara miner Atlas Iron will resume trading shares from Monday.
After the share market closed on Friday, iron ore miner Atlas announced it had requested the suspension of trade in its securities be lifted ahead of the market’s opening on Monday.
The request follows Atlas’ capital raising of more than $87 million.
But the figure is well below the $180 million the company was aiming for.
The company has now restarted operations at its three mines, after shutting them in April in response to plunging iron ore prices.
The Australian Stock Exchange later on Friday issued a statement confirming the suspension of trade in Atlas shares would be lifted.
They last traded at 12 cents each, well down from the 71 cents of July 2014.
Originally published as Pilbara iron ore Atlas Iron miner seeks return to trading on ASX
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