Royal Coal is pleased to announce that it has priced the equity offering previously announced on January 21, 2011. As previously reported, the Company has engaged Cormark Securities Inc. as lead agent on behalf of a syndicate of agents including Haywood Securities Inc. and Northern Securities Inc. (collectively, the "Agents") to undertake a best efforts private placement financing of special warrants (the "Special [...]
Royal Coal is pleased to announce that, in accordance with the coal purchase agreement with Sandstorm Metals & Energy previously announced November 26, 2010, Sandstorm Energy has advanced the balance of the agreed upon upfront payments to the Company, being US$9 million. Sandstorm Energy has now advanced a total of US$11 million to the Company under the Coal Purchase Agreement and US$3 million to the Company under the [...]
Royal Coal is pleased to announce that it has engaged Cormark Securities Inc. as lead agent on behalf of a syndicate including Haywood Securities to undertake a best efforts private placement financing of special warrants to raise gross proceeds of up to $30 million. Royal Coal has also granted to the Agents an option, exercisable at any time prior to the closing of the Offering, to sell up to an additional 15% of the [...]
Royal Coal announces that, in accordance with the royalty and coal purchase agreements with Sandstorm Metals & Energy previously announced Nov 26, 2010, Sandstorm Energy has advanced a portion of the agreed upon upfront payments to the Company. Advanced US$2 million of the US$11 million total upfront coal purchase payment committed to Royal Coal. In accordance with the coal purchase agreement, the remaining US$9 million [...]
Royal Coal announces that it has entered into agreements with certain arm's length third parties pursuant to which Royal Coal has agreed to issue an aggregate of 2,201,844 common shares of the Company with an aggregate value of $396,332 in exchange for the cancellation of $396,332 in outstanding trade payables owing to those parties. In addition, Royal Coal announces that it will amend the terms and conditions of 80,000 [...]
Royal Coal announced today the signing of a Letter of Intent to acquire 80 percent ownership of a coal loading and unloading terminal located on the Big Sandy River in Catlettsburg, Eastern Kentucky. The purchase includes the equipment used to operate the River Terminal, which is currently in operation and has the capacity to load over 100,000 tons per month.
Royal Coal announced today the signing of a Letter of Intent to acquire a group of eight properties, one of which is already permitted, that management considers to have a significant high quality thermal coal deposit located in Eastern Kentucky. Production is expected to commence under the existing permit in the second quarter of 2011. The Property consists of approximately 14,000 acres with the majority being surface [...]
+50,00 %
-90,48 %
