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BRIEF-Prairie Mining says CD Capital to invest up to A$83 mln in co

Published 20/07/2015, 08:33 am
© Reuters.  BRIEF-Prairie Mining says CD Capital to invest up to A$83 mln in co
GRX
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July 20 (Reuters) - Prairie Mining Ltd PDZ.AX :

* CD Capital to invest up to A$83 million in Prairie

* Proceeds from transaction will be used to complete feasibility study for LCP, will fund all programs to enable co to make development decision

* CD Capital have committed to be a key strategic funding partner in the upgrading, expansion and development of prairie's Lublin Coal Project

* Receipt by PDZ holdings of the initial A$15 million will fund the de-risking of the project towards a construction decision

* Source text for Eikon ID:nASX22k2dj

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