Coal

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Westmoreland Coal Co commences underwritten public offering of common stock

Tuesday, 8 Jul 2014 08:56am EDT

Westmoreland Coal Co:Commences underwritten public offering of $52 mln of shares of its common stock.Intends to grant underwriters a 30-day option to purchase up to $7.8 mln of additional shares of common stock.

Guildford Coal Ltd announces underwriting agreement

Sunday, 6 Jul 2014 08:03pm EDT

Guildford Coal Ltd:Enters into underwriting agreement with Maiora Asset Management Pte. Ltd to fully underwrite proposed non-renounceable pro rata entitlement offer to Guildford's shareholders.Guildford has negotiated with underwriter on basis that no fees will be payable as part of underwriting agreement.Proposed entitlement offer will be on the basis of one new share for every 18.248 shares held at A$0.06 to raise A$2.5 mln (entitlement offer).Shareholders who participate in entitlement offer will also receive one free attaching option for each share subscribed for in entitlement offer, exercisable at A$0.06 within three months of entitlement offer grant.If all options are exercised entitlement offer will raise a further A$2.5 mln.In addition to underwritten amount of A$2.5 mln , underwriter has agreed to subscribe for A$2.5 mln worth of Guildford shares at conclusion of entitlement offer period.And will also be issued with one free attaching option for each share subscribed for, exercisable at A$0.06 within three months of entitlement offer grant.If underwriter exercises all of its options it will subscribe for shares to value of a further A$2.5 million.Guildford seeks to raise up to A$10 mln with entitlement offer and underwriting agreement.

Wildhorse Energy updates on proposed rights issue

Monday, 30 Jun 2014 05:30am EDT

Wildhorse Energy Ltd:Proposes pro rata non-renounceable rights issue to raise up to about A$1.435 million (before costs).Funds raised will be used as general working capital to further the Company's existing projects and also to identify and evaluate additional uranium and other resource projects.Offer to shareholders is one fully paid ordinary share in the capital of the Company for every two shares held by shareholders who are on the Company's register on July 7 (record date) at an issue price of A$0.007 per share.

Key Petroleum (Australia) Pty Ltd to raise up to $3 million via private placement

Sunday, 29 Jun 2014 07:10pm EDT

Key Petroleum (Australia) Pty Ltd:Says that it has executed a subscription agreement with a private investor to raise $1 million by way of a placement of up to 30 million fully paid ordinary shares at an issue price of $0.10 per share.The funds will be used for financing the Dunnart-2 well on EP437 to satisfy Rey’s earn-in requirements, its share of seismic acquisition activities in the Canning Basin on EP457 and EP458 in 2014 and for general working capital.

Tiaro Coal Ltd announces issue of shares

Thursday, 26 Jun 2014 01:11am EDT

Tiaro Coal Ltd:Issues 1,250,000 fully paid ordinary shares at A$0.1215 per share.Purpose is to remunerate relevant directors, approved by the company’s shareholders at company’s AGM held on May 27.

MINE RESTORATION INVESTMENTS Ltd announces conversion options and specific issues

Wednesday, 25 Jun 2014 08:55am EDT

MINE RESTORATION INVESTMENTS Ltd:AfrAsia Special Opportunities Fund (Pty) Ltd and Armadale Capital Plc, have elected to convert their debt with MRI as at June 24 into equity.Accordingly 312 142 458 additional new MRI shares were issued at 5 cents per share.In addition, shareholders are advised that 13 000 000 new MRI shares were also issued to various directors of MRI who agreed to settle outstanding payments owing to them in respect of directors fees and further 10 000 000 new MRI shares to MRI’s corporate advisor for services rendered.

Beacon Hill Resources Plc issues ordinary shares

Tuesday, 24 Jun 2014 05:00am EDT

Beacon Hill Resources Plc:Issues 276,071,332 ordinary shares of 0.25 pence each in company (Ordinary Shares) relating to second tranche of Placing Shares due to be issued under terms of Placing announced on June 23, 2014.Application has been made for Ordinary Shares to be admitted to trading on AIM with admission expected to take place on or about the June 30, 2014.

Beacon Hill Resources Plc announces conditional placement of 1.5 million pounds in ordinary shares

Monday, 23 Jun 2014 02:00am EDT

Beacon Hill Resources Plc:Says that it has entered into subscription agreements to place up to 600,000,000 ordinary shares in the company at a price of 0.25 pence per placing share to raise about 1.5 million pounds.Says the placement to certain institutional investors arranged by and including Novum Securities Limited.

Australian Pacific Coal Ltd announces issue of ordinary shares

Friday, 20 Jun 2014 02:11am EDT

Australian Pacific Coal Ltd:Issued 24,081,632 fully paid ordinary shares.At issue price of A$0.004 per share, consideration of $75,000 and at A$0.0049 per share, consideration of $26,125.Purpose of the issue is progress its exploration program and provide additional working capital.

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