Aug 2 (Reuters) - Universal Coal PLC UNV.AX :
* Strengthened cash position - drawdown of tranche-a financing UNV.AX
* Says drawdown effectively replaces the previous project finance debt facilities with Firstrand Bank Limited
* Successfully effected the drawdown of the kangala finance facility of A$30.8 million with Investec Bank
* Says facility remains undrawn and fully available
* Anticipates returning excess cash reserves to shareholders thorough permitted capital restructuring mechanisms
* Revolving working capital facility of A$2.6 million available to be used to fund fluctuations in cash flows at kangala colliery
* Revolving working capital facility has a tenor of five years and must be repaid at the end of the period
* Says ministerial approvals in terms of section 11 have been granted and closure of the acquisition transaction is being completed
* Long-term csa is currently being finalized with both power and metallurgical off-takers for the use of coal from NCC
* Completed a bankable feasibility study for the initial phase of the ncc project, which has been approved by the board subject to the signature of CSA
* Source text for Eikon ID:nASX3cndRJ
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