KEY POINTS:
Listed miner Pike River Coal said yesterday its $60 million rights issue was oversubscribed by 5 per cent.
The offer of 66,666,667 shares generated acceptances from around 73 per cent of shareholders, and more than 2000 applied for shares over their entitlement.
Major shareholders New Zealand Oil & Gas, Saurashtra World Holdings Private and Gujarat NRE, took up their entitlements to maintain their percentage shareholding in the company.
