VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/12/13 -- EastCoal Inc. (TSX VENTURE: ECX)(AIM: ECX) ("EastCoal" or the "Company") is pleased to announce that, at the end of February, it restarted its wash plant at the Menzhinsky mine following the completion of engineering improvements and that it expects wash plant production to ramp up over [...]
EastCoal wishes to update shareholders with developments since its late December 2012 admission to AIM. The tip washing plant, which was producing a better quality coal than expected in its initial phases of operation, has experienced disappointing levels of throughput. Tip washing operations have therefore been suspended while engineering [...]
EastCoal, announces that the Company has issued 88,271 common shares as full settlement for CAN$17,095.89 of accrued interest due pursuant to the terms of a CAN$2,000,000 loan provided by Salida Capital, (on behalf of a fund managed by Salida), to the Company. The New Shares are to be issued at a deemed conversion price of £0.1221 pence per common [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/28/12 -- EastCoal Inc. ("EastCoal" or "the Company") (TSX VENTURE: ECX)(AIM: ECX) -
-- Shares commence trading on AIM -- Placing of 67,478,501 common shares of the Company at a price of GBP 0.1221 per Placing Share, together with a concurrent issuance of 10,326,577 common shares of the [...]
Further to a previous news release of December 11, 2012 of EastCoal announcing the application for the admission to the AIM market of the London Stock Exchange of the Company's existing share capital and additional common shares in the capital of the Company to be issued pursuant to a brokered private placement (the "Placing") to be completed [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/20/12 -- Further to a previous news release of December 3, 2012 of EastCoal Inc. (TSX VENTURE: ECX) (the "Company" or "EastCoal") announcing a CDN$2,000,000 loan (the "Salida Loan") received by the Company from Salida Capital LP ("Salida") (on behalf of a fund managed by Salida (the "Fund")), the [...]
Further to a previous news release of October 22, 2012 announcing the intention to apply for admission on the AIM market of the London Stock Exchange, EastCoal is pleased to announce that it has today filed an application for the admission to AIM of the Company's existing share capital and additional common shares in the capital of the Company to [...]
EastCoal is pleased to announce that, subject to regulatory approval, it will be issuing a debenture to Surrey Dynamics. The Company previously issued a three-year convertible debenture dated November 26, 2009 to SDL in the principal amount of US$3,000,000. The Company intends to extend the maturity date of the Original Debenture to December 17 [...]
EastCoal is pleased to announce that it has entered into a loan agreement with Salida Capital LP, on behalf of funds managed by it, whereby the Lender will provide the Company with a loan facility for an aggregate of up to CDN$2,000,000. The Loan will bear interest at a rate of 12.0% per annum compounded annually and will be payable at the time [...]
EastCoal is pleased to announce that on November 28, 2012 it entered into a loan agreement with certain directors of the company whereby the Lenders will provide the Company with a loan facility for an aggregate of up to CDN$600,000, with each Lender agreeing to advance to the Company CDN$200,000 each (each being a "Loan"). The Loans will bear [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/01/12 -- EastCoal Inc. (TSX VENTURE: ECX) (the "Company" or "EastCoal") is pleased to announce that its off-take agreement with Metinvest Holdings LLC ("Metinvest") for the purchase of metallurgical coal from its Menzhinsky coking coal mine in Ukraine ("Menzhinsky") has been extended to December [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/24/12 -- EastCoal Inc. (TSX VENTURE: ECX) (the "Company" or "EastCoal") is pleased to announce the appointment of Frank Moxon as a non-executive director.
Frank Moxon is an experienced corporate financier specializing in natural resources. He was previously head of corporate finance and head of [...]