Continental Coal Announces Revised Terms for South African Stake Sale

- January 12th, 2015

Continental Coal Ltd. (ASX:CCC) announced that it has consented to revised terms from a new buyer of its 74-percent interest in South African subsidiary Continental Coal Ltd. South Africa (CCLSA).

Continental Coal Ltd. (ASX:CCC) announced that it has consented to revised terms from a new buyer of its 74-percent interest in South African subsidiary Continental Coal Ltd. South Africa (CCLSA).

As quoted in the press release:

The Company is pleased to advise that as part of the formal due diligence, timetable and finalisation process, it has agreed to revised terms with a new purchaser consortium headed by Ivory Mint Holdings Corp. on the following key terms and conditions.

Click here for the full Continental Coal Ltd. (ASX:CCC) press release

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