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Bowen Coking Coal starts trading on ASX

Bowen Coking Coal Ltd. said Oct. 11 that it began trading on the ASX following the completion of a reverse takeover of Cabral Resources Ltd. by Cape Coal Pty Ltd. the same day.

The company raised A$4.6 million, for a market capitalization of about A$10.8 million.

Bowen holds a portfolio of coking coal projects in Queensland's Bowen Basin, including the Cooroorah, Comet Ridge and Hillalong projects.