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Home : Colonial Coal International Corp.: Proposed Private Placement and 10% Flatbed Property Interest Acquisition |
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Oct 21 2015 |
Colonial Coal International Corp.: Proposed Private Placement and 10% Flatbed Property Interest Acquisition |
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2015) - Colonial Coal International Corp. (TSX VENTURE:CAD) (the "Corporation" or "Colonial Coal") is pleased to announce that it has recently entered into a letter agreement (the "Letter Agreement") with a certain investor group (the "Investor") which provides for the terms and conditions of each of a proposed private placement of units (the "Private Placement") of the Corporation together with the corresponding granting by the Corporation to the Investor of an option to acquire a 10% registered and beneficial ownership interest in the Corporation's Flatbed Property (the Acquisition") which will become available to the Investor upon the successful completion of the Private Placement (and the Private Placement and the Acquisition being, collectively, the "Transaction"). |
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Source:http://www.marketwired.com/mw/release.do?id=2065506&sourceType=3 |
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