* NWR can issue up to 39.67 mln new shares for Bogdanka offer
* Offering could raise $455.5 mln to part-fund $1.2 bln bid
* Move was expected, subscription ends Monday, Nov. 29
(Adds details on potential share offer)
PRAGUE, Nov 24 (Reuters) - New World Resources (NWR) shareholders approved its $1.2 billion bid for Polish coal miner Bogdanka, a spokeswoman said.
Wednesday's move was expected and allows NWR to issue new shares equal to up to 15 percent of its market capitalisation to part-fund its hostile bid for Bogdanka, which has been rejected by Bogdanka management and some key shareholders.
The potential offering of up to 39.67 million shares could raise 8.4 billion crowns ($455.5 million), based on the price of NWR's Prague-listed shares.
The company has said it could use 300 million to 400 million euros ($535.8 million) of its own cash in the bid.
The subscription period for the 100.75 zlotys-per-share offer runs out on Nov. 29. Bogdanka shares have jumped to around 105 zlotys since the bid at the start of October.
NWR said the offer was at a 13 percent premium to the pre-announcement share price. Chief Financial Officer Marek Jelinek said last week the company believed it would get majority backing for the bid.
($1=.7466 Euro)
($1=18.44 Czech Crown)
(Reporting by Jason Hovet; Editing by Jon Loades-Carter, Erica Billingham and David Hulmes)