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Provider: Thomson Reuters Stock Report
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Cuesta Coal Ltd announces settlement of tranche 2 placement to Hanford Holdings


Thursday, 19 Dec 2013 06:34pm EST 

Cuesta Coal Ltd:Says that it has completed Tranche 2 of the placement to Hanford Holdings Limited.Says pursuant to the share subscription agreement (SSA), Tranche 2 of the placement is the issue of 25,000,000 fully paid ordinary shares at A$0.116 per share to Hanford to raise A$2.9 mln.Says the funds have been received by the company and shares have been issued to Hanford.Says the funds raised under the Hanford placement will be used predominately to fund the continued development of the company‚Äôs priority Moorlands Project located in the Western Bowen Basin of Queensland. 

Company Quote

0.095
-0.0010 -1.04%
21 Jul 2014