Bounty seeking funds for Cook colliery improvements

BOUNTY Mining is seeking recapitalisation and a $35 million funding package with its major shareholder Amaroo Blackdown Investments, which will help it carry out mine improvements and production optimisation at its Cook colliery in Queensland.

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Bounty seeking funds for Cook colliery improvements Bounty seeking funds for Cook colliery improvements Bounty seeking funds for Cook colliery improvements Bounty seeking funds for Cook colliery improvements Bounty seeking funds for Cook colliery improvements

The company has also agreed to amend and restate the existing coal offtake agreement with Amaroo's associate, Xcoal Energy & Resources.