Coal

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Yangquan Coal Industry (Group) to acquire stake in Beijing-based investment management company

Monday, 8 Dec 2014 07:00pm EST

Yangquan Coal Industry (Group) Co Ltd:To acquire 49 pct stake in Yangquan-based investment subsidiary, which is engaged in investment of mine business, from a Beijing-based investment management company.Transaction price of 941,262,900 yuan.To hold 100 pct stake in the subsidiary, after the transaction.

Leyshon Resources announces proposed acquisition interest in tungsten project

Thursday, 20 Nov 2014 02:01am EST

Leyshon Resources Ltd:Says that it has entered into a binding Heads of agreement to obtain a 50.1 pct interest in International Tungsten Services Limited.Says in return for its 50.1 pct interest in ITS, Leyshon Resources will provide management and corporate expertise and arrange funding of $13.5 million for the on-going development of the project.

Coalfield Resources Plc announces holding interest by Harworth Estates Property Group Ltd

Tuesday, 18 Nov 2014 02:00am EST

Coalfield Resources Plc:Has reached heads of terms agreement to acquire 75.1 pct of Harworth Estates Property Group Ltd (Harworth Estates or HEL) that it does not already own.

Agritrade Resources Ltd's indirect wholly owned subsidiary to acquire VLCC grade oil tanker

Wednesday, 12 Nov 2014 06:09am EST

Agritrade Resources Ltd:Says that on Nov. 12, Rimau Shipping, indirect wholly owned subsidiary of the company entered into memorandum of agreement to acquire target vessel, secondhand VLCC grade oil tanker, at consideration of $ 22 million (about HK$170,500,000.00).Says that target vessel is expected to be delivered to Rimau Shipping on or before Dec. 31.

Shanghai Ace issues shares for stake acquisition and fund raising

Wednesday, 5 Nov 2014 07:00pm EST

Shanghai Ace Co Ltd:Issued 183,800,600 shares at 4.28 yuan per share and pay cash of 393,333,300 yuan, in exchange for 100 pct stake in a Beijing-based game developing company, from two individuals and a Dalian-based trading company.Transaction price of 1,180 mln yuan.Issued up to 91,900,300 shares at 4.28 yuan per share through private placement, to controlling shareholder, a technology company.Raised 393,333,300 yuan for the acquisition.

Prophecy Coal Corp to acquire Apogee Silver's wholly owned subsidiaries Apogee Minerals Bolivia SA

Tuesday, 4 Nov 2014 09:15am EST

Apogee Silver Ltd:Enters into definitive agreement with Prophecy Coal Corp, whereby Prophecy has agreed to acquire Apogee's wholly owned subsidiaries Apogee Minerals Bolivia S.A. and ASC Bolivia LDC, which in turn hold the Pulacayo-Paca Silver Lead Mining Project in Bolivia.Prophecy has agreed to pay Apogee a cash fee in the amount of $250,000, of which $125,000 has been received upon entering into the Definitive Agreement and the remaining $125,000 will be payable upon closing.In addition, Prophecy will issue to Apogee 60 mln common shares of Prophecy to be placed in escrow.

Westmoreland Coal Company enters MLP Space

Thursday, 16 Oct 2014 04:32pm EDT

Westmoreland Coal Company:Acquires Oxford GP and contribute certain royalty bearing coal reserves to Oxford in return for Oxford common units.Enters into a purchase agreement with AIM Oxford Holdings, LLC (AIM), C&T Coal, Inc. (C&T), certain present and former executives, and affiliates of Oxford's existing second lien term loan lenders (such parties, Warrantholders).Under the purchase agreement, Westmoreland will acquire 100 pct of the outstanding units of Oxford GP, the general partner of Oxford.Acquires from AIM, C&T and such executives, 100 pct of outstanding GP unit warrants from the Warrantholders, 100 pct of the outstanding subordinated units of Oxford from AIM and C&T, and 100% of the outstanding subordinated unit warrants of Oxford from the Warrantholders.Says cash purchase price for these interests is $30.0 mln, plus an additional $3.5 mln if a specified coal acquisition is consummated within one year of the date of the purchase agreement.Following these transactions, Oxford will continue to operate as a stand-alone, publicly-traded master limited partnership (MLP) and Westmoreland will own 77 pct of the fully-diluted limited partner interests in Oxford.Says As part of the transactions, the parties will take the necessary steps to change the name of Oxford to Westmoreland Resource Partners, LP (Westmoreland LP) and to change the name of Oxford GP to Westmoreland Resources GP, LLC.

Apogee Silver Ltd enters into letter agreement with Prophecy Coal Corp

Wednesday, 15 Oct 2014 09:33am EDT

Apogee Silver Ltd:Entered into a binding letter agreement with Prophecy Coal Corp (Prophecy).Prophecy has agreed to acquire Apogee's wholly owned subsidiaries Apogee Minerals Bolivia S.A. and ASC Bolivia LDC (the Subsidiaries), which in turn hold the Pulacayo-Paca Silver Lead Mining Project in Bolivia (the Proposed Transaction).In consideration, Prophecy will pay Apogee a cash fee in the amount of $250,000 and shall issue to Apogee 60,000,000 Class B convertible non-voting shares of Prophecy.Says the Class B Shares will become eligible for conversion by Apogee into an equal amount of listed shares of Prophecy.Proposed Transaction remains subject to the parties entering into a definitive agreement on or before Oct. 24.

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