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 [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/22/12 -- EastCoal Inc. (TSX VENTURE: ECX) (the "Company" or "EastCoal") is pleased to announce that the commissioning of the new wash plant at the Menzhinsky Coal Mine in Ukraine ("Menzhinsky Mine") is complete. The wash plant is currently ramping up to full production, which is expected to take [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/04/12 -- EastCoal Inc. (TSX VENTURE: ECX) (the "Company" or "EastCoal") is pleased to announce that the construction of the new wash plant at the Menzhinsky Coal Mine in Ukraine ("Menzhinsky Mine") is complete and that the commissioning of the plant has commenced. The commissioning is expected to [...]
EastCoal is pleased to announce that the construction of the new wash plant at the Menzhinsky Coal Mine in Ukraine ("Menzhinsky Mine") is proceeding on schedule with first coal expected to be processed in the current quarter. The foundations for the plant were completed in June and a team of engineers and technicians from Keats Engineering in the [...]
EastCoal is pleased to announce that pursuant to a Share Purchase Agreement with Aponet Enterprises Ltd. for the sale and purchase of 100% of the charter capital of Inter-Invest Ugol Ltd., it has completed the acquisition of the Menzhinsky Coal Mine in Ukraine. Details of the Share Purchase Agreement can be found in a news release of the Company [...]
EastCoal is pleased to announce the closing of its previously announced private placement of 48,600,000 units of the Company at a price of C$0.35 per unit for aggregate gross proceeds of C$17,010,000. The offering was undertaken by a syndicate of agents co-led by Clarus Securities Inc. and Cenkos Securities Plc, and including Fraser Mackenzie [...]
EastCoal is pleased to announce that the private placement financing previously announced on May 15, 2012 is fully allocated. The Company expects to raise gross proceeds of C$17,010,000 through the issuance of units on a "best efforts basis" at a price of C$0.35 per unit. Each unit will consist of one common share and one common share purchase [...]
EastCoal is pleased to announce that it entered into an agreement with Clarus Securities Inc. and Cenkos Securities Plc as co-lead agents on behalf of a syndicate of agents (collectively, the "Agents") to proceed with a private placement offering of up to 48,600,000 units of the Company at a price of C$0.35 per unit, for aggregate gross proceeds of [...]
