Brief: Allegiance Coal Entered Agreement With Drummond Coal Inc To Acquire Short Creek Mine Located West Of Birmingham, Alabama
21/10/2021 02:28
Oct 21 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* ENTERED AGREEMENT WITH DRUMMOND COAL INC TO ACQUIRE SHORT
CREEK
MINE LOCATED WEST OF BIRMINGHAM, ALABAMA
* ACQUISITION COST IS US$4.4M IN CASH TO DRUMMOND AND
RELATED
ENTITIES AND US$11.5M TO REPLACE RECLAMATION BOND WITH STATE OF
ALABAMA
* RAISED A$30M THROUGH PLACEMENT WITH INSTITUTIONAL AND
PROFESSIONAL SHAREHOLDERS WHICH WILL BE APPLIED TO ACQUISITION
Source text for Eikon: ID:nASX1Zv3rM
Further company coverage: AHQ.AX
((Reuters.Briefs@thomsonreuters.com;))
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