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    coal investing

    Royal Coal Completes $34.5 Million Equity Financing

    Investing News Network
    Feb. 23, 2011 07:20AM PST
    Industrial Metals

    Royal Coal Corp. (CVE:RDA) announced that its previously approved financing of $34.5 million has been completed.

    Royal Coal Corp. (TSXV:RDA) announced that its previously approved financing of $34.5 million has been completed.

    The press release is quoted as saying:

    The Corporation will use its commercially reasonable best efforts to file a prospectus qualifying the distribution of the Common Shares and Warrants and to have a receipt for a final prospectus issued by the applicable securities commissions in Canada on or before the date which is 60 days following the closing of the Offering.

    To read the full press release, click here.

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