Buffalo Coal Corp. is pleased to announce the completion of the going private transaction by way of share consolidation , which was approved by the Company's shareholders at the special meeting of shareholders held on April 17, 2023. In connection with the Consolidation, the common shares of the Company will be delisted from trading on the TSX [...]
Buffalo Coal Corp. is pleased to announce that the shareholders of the Company have approved the special resolutions to commence the process of taking the Company private as set out in the Company's March 15, 2023 press release and information circular dated March 14, 2023 . The effective date for the going private transaction will be April 20 [...]
Buffalo Coal Corp. today announces that it intends to seek shareholder approval for a proposal to take the Company private at a special meeting of shareholders to be held on Monday, April 17, 2023 at 10:00 a.m. . The Company proposes to complete the going private transaction by way of a share consolidation and purchase of all common shares , other [...]
Buffalo Coal Corp. announced today that its wholly-owned subsidiary, Buffalo Coal Dundee Proprietary Limited has entered into and received approval from the South African Reserve Bank regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 with Ikwezi Mining FZE , an [...]
Buffalo Coal Corp. today announced the final discharge of Buffalo Coal's loan facility with Investec Bank Limited . The Company settled the outstanding loan facility of R32,576,523 including interest along with a reduced royalty amount agreed to with Investec of R2,500,000. On January 13, 2023 Investec issued a final discharge notice confirming [...]
Buffalo Coal Corp. today announced the completion of the previously announced rights offering to its shareholders , subject to final approval of the TSX Venture Exchange . Buffalo Coal issued 315,135,452 common shares of the Company at a price of CDN$0.01 per Common Share for rights exercised on the TSXV and 111,038 common shares at a price of [...]
Buffalo Coal Corp. TSX Venture: BUF JSE: BUC Buffalo Coal Corp. advises its shareholders that its Chief Executive Officer , Ms. Emma Oosthuizen has resigned as the CEO of Buffalo by triggering the termination clause of her employment contract, pursuant to the change of control of ownership of Buffalo Coal Corp., first reported on June 15, 2022 [...]
Buffalo Coal Corp. announced today that the convertible loan facility with Belvedere Resources DMCC has been amended to remove the right of Belvedere, as lender, to convert amounts owing thereunder into shares in the capital of the corporation. There is currently US$27,000,000 outstanding under the Convertible Loan, together with US$270,175 accrued [...]
Buffalo Coal Corp. announced that it will be offering rights to holders of its common shares of record at the close of business on November 18, 2022 . Pursuant to the Rights Offering, each holder of Common Shares will receive one transferable right for each Common Share held as of the Record Date. One Right will entitle the holder thereof to [...]
Buffalo Coal Corp. advises its shareholders that its wholly-owned subsidiary, Buffalo Coal Dundee Proprietary Limited concluded a tri-partite agreement with Investec Bank Limited and Belvedere Resources DMCC , pursuant to which: BCD would continue to pay Investec the scheduled monthly capital repayments under the Credit Facility Agreement , as [...]
Buffalo Coal Corp. advises its shareholders that Belvedere Resources DMCC has received written consent from Investec Bank Ltd to assign the convertible debt of USD 27,000,000 purchased from Resource Capital Fund V L.P. for a consideration of USD 2,000,000 in Belvedere's favour. This transaction was first announced on June 15, 2022 and the Company [...]
Buffalo Coal Corp. advises its shareholders that, as previously reported on June 15, 2022, Resource Capital Fund V L.P. sold the convertible debt of USD 27,000,000 to Belvedere Resources DMCC for a consideration of USD 2,000,000 . In accordance with the terms of the Transaction, Belvedere was required to obtain a written consent from Investec Bank [...]
