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BRIEF-Stanmore Coal Announces Acquisition of Wotonga South Coking Coal Deposit

Published 12/06/2018, 09:15 am
Updated 12/06/2018, 09:20 am
© Reuters.  BRIEF-Stanmore Coal Announces Acquisition of Wotonga South Coking Coal Deposit
SMR
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June 12 (Reuters) - Stanmore Coal Ltd SMR.AX :

* EXECUTED DEFINITIVE AGREEMENTS WITH PEABODY AUSTRALIA TO ACQUIRE MDL1371 AND EPC7282 FROM MILLENNIUM COAL PTY LTD

* TO ACQUIRE WOTONGA SOUTH COKING COAL DEPOSIT CONTAINED WITHIN MDL 137 AND AN ADDITIONAL EXPLORATION AREA (EPC 728) FOR $30 MILLION CASH

* TAURUS FUNDS MANAGEMENT TO RESTRUCTURE CO'S EXISTING DEBT FACILITIES TO MAKE AVAILABLE UP TO US$12 MILLION FOR ACQUISITION, IF REQUIRED

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