SYDNEY: Coolabah Metals Limited has received conditional approval from the Australian Securities Exchange (ASX) for its acquisition of Broken Hill Mines Pty Ltd and is set to relist under the new name Broken Hill Mines Limited (ASX: BHM).
The company announced Monday it had secured a Conditional Letter of Admission from the ASX, marking a key milestone in its recompliance with Chapters 1 and 2 of the ASX Listing Rules. The approval allows Coolabah to proceed with the issuance of shares under its Recompliance Capital Raise, which successfully reached its $20 million maximum target.
With the capital raise complete, the company is now finalizing the remaining steps to complete the acquisition and resume trading on the ASX. Shares are expected to begin trading under the new ticker symbol “BHM” on or before July 22, 2025.
“This is a significant step forward in our transformation into Broken Hill Mines Limited,” said Chairperson Steve Woodham. “We’re excited to move ahead with our strategic vision and deliver value to our shareholders.”
Coolabah Metals Limited will notify shareholders once the official trading date is confirmed.