CORPORATE ACTIVITY
The share price of Coal of Africa Limited (CoAL) surged on the London and Johannesburg bourses on Tuesday after the announcement that two subscription agreements for proceeds of $15-million had been signed. The triple-listed coal miner, which extended the closing date for its buyout of ASX-listed Universal Coal until June 24 to allow for the conclusion of the subscription agreements, effectively replaced the terminated YBI subscription agreement and subsequent replacement loan.
Please enter the email address that you used to subscribe to Research Channel. Your password will be sent to this address.
Don't have any login details?
Free Trial Access