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July 1, 2011
Continental Coal accelerates payments to acquire outstanding 35.9% in Mashala
South African focused Continental Coal (ASX: CCC) subsidiary CCL has elected to accelerate payments of an option to acquire the outstanding 35.9% minority interests in Mashala Resources.
Continental said the decision by CCL to move towards 100% ownership of Mashala follows the recent US$65 million debt financing from ABSA Capital.
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Posted by StaffWriter at July 1, 2011 9:42 AM