The third extension of the offer was announced to the ASX today by Tiaro Coal.
Tiaro said its third supplementary prospectus, dated March 30, had been lodged with the Australian Securities and Investments Commission.
Maryborough Coal is seeking to raise $A2.5 million via the issue of 12.5 million fully paid ordinary shares at 20c per share.
The company, incorporated on August 7 last year, aims to acquire a 25% stake in EPC 972 in southeast Queensland from Tiaro Coal subsidiary Tiaro Energy and to prove up a minimum 20 million tonne coal deposit.
EPC 972 covers an area of around 285 square kilometres and the company’s namesake coal project is some 250km from the Gladstone Port terminal.
No reason was given for the further extension of the Maryborough listing, but it could reflect the difficult equity raising conditions presented by the ongoing global financial crisis.
