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PACIFIC RESOURCES LIMITED — Capital/Financing Update 2015
Feb 18, 2015
65638_rns_2015-02-18_c7727207-55eb-4189-a626-b669a651939c.pdf
Capital/Financing Update
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Date :
19 February 2015
To : Australian Securities Exchange Companies Announcement Office Electronic Lodgment System
Dear Sir
EBENEZER MINE: NON-EXCLUSIVE EXTENSION GRANTED
Coalbank Limited ( ASX: CBQ ) refers to the proposed acquisition a 100% interest in ML 4712, known as Ebenezer Mine together with its associated assets and MDL 172 ( Project ) previously announced on 10[th] November 2014.
As Coalbank has been unable to satisfy the Conditions Precedent on or before 18 February 2015, being the date on which all Conditions Precedent must be satisfied under the Binding Term Sheet, Coalbank has today reached agreement with the Vendor that an extension of the existing arrangements to the 20 June 2015 has been agreed on a non-exclusive basis.
Yours faithfully,
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Anthony Chan Chairman
Further information:
Andrew Fogg - Chief Executive Officer Bruce Patrick - Chief Operating Officer
COALBANK LIMITED ABN 20 075 877 075 Level 6 344 Queen Street Brisbane Queensland 4000 � GPO Box 762 Brisbane Queensland 4001 Australia
T +61 7 3229 6606 � F +61 7 3221 6625 � [email protected] � www.coalbank.com