Brief: Colonial Coal to sell 24 mln units of co in private placement
02/05/2016 17:39
May 2 (Reuters) - Colonial Coal International Corp CAD.V
* Colonial Coal International Corp.: Proposed private
placement and 10% Flatbed property interest acquisition
* Says in conjunction with proposed private placement
corporation has agreed to sell 24 million units of co
* Says sale at a price of $0.10 per unit for gross proceeds
of $2.4 million
* Says corresponding agreement by investor group to acquire
a 10% interest in corporation's Flatbed property
* Says deal for cash consideration of $5 million
Source text for Eikon: ID:nMKWKTf2ja
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