And there is more....
New Australian iron ore float, BC Iron Limited (ASX Code BCI), made a promising debut on the Australian Stock Exchange at 10.30am (WST) today (Friday, 15 December 2006) opening at 48 cents, at a 92 % premium to the issue price. BC Iron issued 24 million shares at 25 cents each to raise $6 million under the IPO which closed heavily oversubscribed on Friday 1 December. BC Iron – which is headed by Mr Young as Managing Director, and well-known Perth-based lawyer and businessman, Mr Tony Kiernan, as Chairman – was formed earlier this year through the amalgamation of particular iron ore assets of Alkane and Consolidated Minerals Limited in the Pilbara region of Western Australia.
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