Cobalt Coal Proposes Acquisitions of Coal Assets

Cobalt Coal Ltd. (TSXV:CCF) announced its proposed acquisition of coal properties in Kentucky and Virginia.

As quoted in the press release:

Pursuant to the Virginia Acquisition, it is proposed Cobalt will purchase the properties for a purchase price of US$1,000,000 payable in cash on the scheduled closing date of April 30, 2012.

Click here for the Cobalt Coal Ltd. (TSXV:CCF) press release.