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Cuesta Coal Ltd Raises AUD 12 Million Through Share Placement


Thursday, 21 Feb 2013 05:54pm EST 

Cuesta Coal Ltd announced that it has executed a Share Placement Agreement to raise AUD 12 million by issuing 66,666,667 new ordinary shares at AUD 0.18 per share to the Company's shareholder, Longluck Investment (Australia) Pty Ltd, a wholly owned subsidiary of Beijing Guoli Energy Investment Co. The funds will be used to reduce the Convertible Note liability and to fast-track the Company's priority development project at Moorlands, located 14km west of the Blair Athol Coal Mine in the Western Bowen Basin in Queensland. 

Company Quote

0.06
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12 Dec 2014