ICHOR Coal N.V.
Ichor Coal N.V. completed the purchase of 29.99 percent stake in Universal Coal
ICHOR Coal N.V. / Key word(s): Acquisition IchorCoal completed the purchase of 29.99 percent stake in Universal Coal – Shareholders of Universal Coal approved the issue of new shares to IchorCoal – Nonkululeko Nyembezi-Heita and Andries Engelbrecht join Board of Directors of Universal Coal Johannesburg/Berlin, 16 October 2014. Ichor Coal N.V., an international mining company has completed the purchase of a 29.99 percent stake in Universal Coal plc, a mining company which is listed on the Australian Securities Exchange (ASX) and focuses exclusively on the development and operation of coal mines in South Africa. On 6 October the shareholders of Universal Coal approved the issue of 80,440,000 ordinary shares, 71,220,000 preferred shares and 71,220,000 warrants to IchorCoal with an overwhelming majority. Upon satisfaction of all conditions precedent completion occurred on 16 October 2014 with the settlement of funds and the issue and allotment of the new shares. With effect from 16 October Nonkululeko Nyembezi-Heita, CEO of IchorCoal, and Andries Engelbrecht, COO of IchorCoal joined the Board of Directors of Universal Coal as non-executive directors. The Management Board About Ichor Coal N.V. Contact: Thomas Luber 16.10.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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