Antwort auf Beitrag Nr.:
40.824.445 von saecofan am 08.01.11
08:51:39moin SF,
jooo, zu meiner überraschung ist wert akt. NUR in CAN zu handeln,
aber
denke, daß dies nicht festgeschrieben bleibt !!!
sehe aber auch, daß es nach dem TOP- deal mit SANDSTORM nun primär
darum
geht, die darin zugesagten lieferg. zu erfüllen. zu diesem zweck
wurden
jüngst einige basis- invests getätigt.....nebst 80%igen erwerbs der
river coal-
ladestation auch ne aqui.....lies mal......
Dec 20, 2010
Royal Coal Signs Letter of Intent to Acquire Coal Property
Toronto, Ontario - December 20, 2010 - Royal Coal Corp. (TSX-V:RDA)
("Royal Coal" or the "Company") announced today the signing of a
Letter of Intent ("LOI") to acquire a group of eight properties,
one of which is already permitted, that management considers to
have a significant high quality thermal coal deposit located in
Eastern Kentucky ("the Property"). Production is expected to
commence under the existing permit in the second quarter of
2011.
The Property consists of approximately 14,000 acres with the
majority being surface mineable. The Company has commenced a drill
program in order to produce a resource estimate compliant with
NI43-101 standards. The Property is privately owned and the total
purchase price is US$6,000,000 payable on closing and a royalty
capped at US$9,000,000.
Tom Griffis, Chairman of Royal Coal, commented
"This property will be an excellent addition to our portfolio and
is in line with our growth strategy aimed at securing additional
significant open pit reserves with long term
production."
The Company has provided a non-refundable deposit of US$100,000 for
a 45-day option to complete final due diligence and enter a
definitive purchase agreement. Closing of this acquisition is
expected by February 28, 2011 and is subject to Royal Coal
completing financing arrangements.
About Royal Coal
Royal Coal is a coal exploration and production company,
headquartered in Toronto, Ontario, Canada with a regional office in
Hazard, Kentucky, U.S.A. whose primary business focus is developing
producing surface coal mining operations in the Central Appalachian
coal producing region of the United States, which includes parts of
West Virginia, Virginia, Kentucky, Ohio, and Tennessee.
For further information contact Tom Griffis, Chairman of Royal
Coal, at (416) 861-8775.
This news release contains forward-looking statements that involve
risks and uncertainties. Actual results may differ materially from
those currently anticipated due to a number of factors and risks.
The forward-looking statements contained in this press release are
made as of the date hereof and Royal Coal undertakes no obligation
to update publicly or revise any forward-looking statements or
information, whether as a result of new information, future events
or otherwise, unless so required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
You can view the Next News Releases item: Wed Dec 22, 2010, Royal
Coal Signs Letter of Intent to Acquire River Coal Loading Terminal
in Eastern Kentucky
You can view the Previous News Releases item: Fri Nov 26, 2010,
Royal Coal Corp. Announces Proposed Coal Purchase Agreement And
Royalty With Sandstorm Metals & Energy For Aggregate Proceeds
Of US$14 Million
...hört sich für MICH nach ´langfristig´ durchdachter wachstums-
strategie an,
die in akt. phase zur absoluten punkt- landung werden könnte - die
zeit/ praxis
wirds zeigen, obs ´profitabel´ funktioniert
die jüngste kurs- entwicklung nimmt da wohl schon einiges vorweg
!!!
