ABN Newswire Stocks to Watch: February 25, 2010

  Sydney, Australia, Feb 25, 2010 - (ABN Newswire) - Pike River Coal Limited (NZE:PRC) (PINK:PKRRF) Wednesday announced an intention to make an equity issue of ordinary shares to raise approximately NZ & #36;50 million. Pike River Coal reported a NZ & #36;14.1 million loss for the six month period ended 31 December 2009. Included is a NZ & #36;4.3 million unrealised exchange gain relating to currency movements on the USD denominated convertible bond, NZ & #36;3.  

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