WESCOAL:  147   -1 (-0.68%)  20/04/2019 00:00

Wescoal Holdings Acquires 50 Pct Indirect Interest In Arnot Mine

Feb 28 (Reuters) - Wescoal Holdings Ltd:

* ACQUISITION OF A 50% INDIRECT INTEREST IN THE ARNOT MINE

* ENTERED INTO AGREEMENTS TO PARTNER WITH INNOVATORS RESOURCES TO ACQUIRE FROM EXXARO COAL MPUMALANGA FOR NO CONSIDERATION, ON VOETSTOOTS BASIS

* AS PART OF DEAL, CO, ARNOT CONCLUDED AGREEMENTS TO GIVE EFFECT TO PROVISION BY CO TO ARNOT OF WORKING CAPITAL FACILITY, AMOUNT TO R25 MILLION

* ARNOT,ARNOT HOLDCO ENTERED INTO SUBSCRIPTION, SHAREHOLDERS AGREEMENT FOR SUBSCRIPTION BY CO OF 50% INTEREST IN ARNOT HOLDCO FOR UPTO R75 MILLION Source text for Eikon: Further company coverage:

2019-02-28 17:07:08

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.