May 2, 2016 / 4:46 PM / a year ago

BRIEF-Colonial Coal to sell 24 mln units of co in private placement

May 2 (Reuters) - Colonial Coal International Corp

* Colonial Coal International Corp.: Proposed private placement and 10% Flatbed property interest acquisition

* Says in conjunction with proposed private placement corporation has agreed to sell 24 million units of co

* Says sale at a price of $0.10 per unit for gross proceeds of $2.4 million

* Says corresponding agreement by investor group to acquire a 10% interest in corporation’s Flatbed property

* Says deal for cash consideration of $5 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below