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Wescoal, Keaton revise acquisition price

By:  
Creamer Media Contributing Editor Online
 
COAL
JSE-listed junior miner Keaton Energy’s shares rose by 6.2% on Thursday, after it and Wescoal announced in a joint statement that the purchase price for Wescoal’s takeover of Keaton had been adjusted. Subsequent to the signing of a firm intention offer letter in February, Keaton had issued a further 690 374 shares in terms of its employee ownership share schemes.
 
 
 
 
 

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