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BRIEF-Bowen Coking Coal Says Term Sheet Signed With M Resources Trading To Form Coal Marketing JV

Published 21/11/2019, 12:24 pm
© Reuters.  BRIEF-Bowen Coking Coal Says Term Sheet Signed With M Resources Trading To Form Coal Marketing JV
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Nov 21 (Reuters) - Bowen Coking Coal Ltd BCB.AX :

* TERM SHEET SIGNED WITH M RESOURCES TRADING, TO FORM COAL MARKETING JV, AND A$15M FINANCE FACILITY FOR BCB PROJECT DEVELOPMENT

* COAL MARKETING JV TO BE GRANTED SOME MARKETING RIGHTS FOR SALE OF BCB COKING COAL & OWNED 50/50 BY BCB & M RESOURCES TRADING

* M RESOURCES TRADING MANAGING DIRECTOR MATT LATIMORE TO JOIN BCB BOARD AS NON-EXECUTIVE DIRECTOR ON COMPLETION

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