Colonial Coal Completes Tuya Energy Acquisition

Colonial Coal International Corp. (TSXV:CAD) announced the completion of the amalgamation transaction with Tuya Energy, whereby Colonial Coal has acquired all of the issued and outstanding common shares of Tuya Energy.

As quoted in the press release:

The Arrangement was approved by shareholders of Colonial and Tuya at their respective shareholders’ meetings held on March 19, 2015. Final approval for the Arrangement was obtained from the Supreme Court of British Columbia on March 26, 2015.

The Arrangement

Under the Arrangement, each Tuya Share was exchanged for 0.5 of a common share of Colonial.

Full details of the Arrangement and certain other matters are set out in the joint management information circular of Colonial and Tuya dated February 17, 2015 (the “Information Circular”). A copy of the Information Circular can be found under Colonial’s profile on SEDAR at www.sedar.com.

Tuya shareholders who have questions or who may need assistance with the completion of letters of transmittal are advised to contact Computershare Investor Services Inc., the depository for the Arrangement, at:
North American Toll Free: 1-800-564-6253
Email: corporateactions@computershare.com

Click here to read the Colonial Coal International Corp. (TSXV:CAD) press release
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