Cobalt Coal to Acquire more Properties

Cobalt Coal Ltd. (TSXV:CCF) announced details of a transaction regarding the acquisition of five coal properties in Virginia.

As quoted in the press release:

Cobalt will acquire the mining rights on 5 separate tracts of land covering a total of 4900 acres in Virginia, USA. Each tract, containing at least 4 seams of metallurgical coal, offers Cobalt the potential to commence multiple mines, as has been done historically in the immediate area.

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