Sep 30, 2010

BUMI closes US$360 mio non preemptive

PT Bumi Resources Tbk, Indonesia's largest coal mining, today announces that it has concluded the non preemptive issuance of 1.37 billion ordinary shares at an issue price of Rp2,366/share, amounting to US$ 360 million.
In a press statement published at the company's website, Bumi President Director Ari S. Hudaya said the company will disclose the names of the counterparties on 4 October 2010 and list the new shares on the Indonesian Stock Exchange as per regulation and announced timetable.
The total number of outstanding shares of the company will consequentially increase to 20.77 billion on 5 October 2010.

Disclosure: No position at the stock mentioned above. 

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