Coalspur Agrees to $70 Million Loan Facility for Vista Project

Coalspur Mines Limited (ASX:CPL,TSX:CPT) announced it has signed an agreement for a loan facility to advance its Vista Coal Project.

As quoted in the press release:

Coalspur anticipates that detailed engineering on Vista will commence in the coming weeks with completion scheduled for early 2013. In addition, Coalspur is focused on several additional initiatives as it prepares for construction on Vista.

Click here for the Coalspur Mines Limited (ASX:CPL) press release.