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Coalbank Ltd Announces Proportional Takeover Offer


Tuesday, 27 Aug 2013 02:28am EDT 

Coalbank Ltd and Loyal Strategic Investment Ltd announced that Loyal Strategic will make a proportional takeover offer for 75% of each COALBANK shareholder's shares in COALBANK at 1 cent per share (Offer). The parties have entered into a deed of variation setting out the terms for implementation of the Offer for the Company. 

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