Shares in Subiaco-based Lustrum Minerals are due to start trading tomorrow after the company completed a $5 million initial public offering to fund development of its coal projects in Queensland.

The company has issued 25 million shares at 20 cents each, with PAC Partners acting as the lead manager for the offer.

“The company’s main objectives upon completion of the offer are to commence a works program to define further coal mineralisation on the tenements, focusing primarily on drilling and metallurgical evaluation,” Lustrum said.

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