Brief: Allegiance Coal Says Marco Failed To Make Payment In Accordance With Contract Terms
24/10/2022 02:24
Oct 24 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* COAL OFF-TAKE CONTRACT WITH MARCO INTERNATIONAL - UPDATE
* MARCO HAS FAILED TO MAKE PAYMENT IN ACCORDANCE WITH
CONTRACT
TERMS
* IN INTERIM MARCO PREPARED TO UTILISE MODIFIED VERSION OF
PREVIOUSLY UTILISED STOCKPILE FINANCING FACILITY
* CO, MARCO WORKING COLLABORATIVELY TO ENSURE CONTRACT
PROCEEDS ON
AGREED TERMS AS SOON AS POSSIBLE
Source text for Eikon: ID:nASX91LYDv
Further company coverage: AHQ.AX
((Reuters.Briefs@thomsonreuters.com;))
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