1
Everything Mining Industry
 
Country Focus
Back Copies
 
Mining Weekly Magazine
 
Engineering News Magazine
 
How to Guide
 
 
more  
 
Limit search to:
Where?
With?
Start Date   
End Date   
 
 
 
Back
 Address to refer: https://www.researchchannel.co.za/article/coal-to-convert-10m-ybi-loan-to-equity-2017-02-17
 Article Headline: CoAL to convert $10m YBI loan to equity
 Abstract: Yishun Brightrise Investment (YBI) will soon hold 19.28% of Coal of Africa Limited’s (CoAL’s) share capital, following the conversion of a $10-million loan repayment into equity. CoAL in September 2015 entered into a loan agreement with YBI for $10-million. In May 2016, CoAL and YBI amended the terms of the loan to specify the conditions that would trigger the repayment of the loan. The parties also agreed that if none of the agreed conditions were triggered by the long-stop date of December 31, 2016, the loan amount would be converted into equity at a price of $0.04081 a share.
 Your Name:
 Your e-mail:
 Your colleague's e-mail: - separate emails by commas, maximum limit of 4 addresses
 A personal note:
 

Please enter the letters you see in the image below
Verification Image. Please refresh the page if you cannot see this image.

 
 
 
 
 

Latest content...

Report Cover Buy Report   Just Energy Transition 2024: Investing in the future Buy Report Hydrogen 2024: Implementation crucial going forward Buy Report   Hydrogen 2024: Implementation crucial going forward Buy Report Roads, Rail & Ports 2024: Inefficiencies reach new lows Buy Report   Roads, Rail & Ports 2024: Inefficiencies reach new lows Buy Report Africa Mining PIP cover image Buy Report   Africa Mining Projects in Progress 2024 Buy Report Iron-Ore 2023/24: Bracing for change Buy Report   Iron-Ore 2023/24: Bracing for change Buy Report Platinum Group metals image Buy Report   Platinum Group Metals 2023: Crucial Element in the Energy Transition Buy Report
 
Image of liquid steel Steel billet and precision casting foundry, South Africa Published: 14 Jun 24 Image of BASS and transmission lines Blue Marlin battery park, Belgium Published: 14 Jun 24 Image of fertiliser on plant Fertiliser production and export capacity expansion project, Nigeria Published: 14 Jun 24
 
Eskom targets JETP funds and partnerships for 2 GW clean-energy pipeline Published: 14 Jun 24 Eskom targets JETP funds and partnerships for 2 GW clean-energy pipeline Having recently confirmed a decoupling of its just energy transition strategy from the decommissioning of its coal-fired power stations, Eskom is... Industry body calls for new govt to re-set the country’s maritime agenda Published: 14 Jun 24 South African non-profit advocacy company, the Maritime Business Chamber (MBC), has called on the incoming seventh administration of democratic... Probably more diamond industry uncertainty now than at any other point – Gemdax Published: 14 Jun 24 Gemdax co-founder and partner Anish Aggarwal. While the diamond sector probably has more uncertainty now than at any other point, participants also probably have a bigger opportunity than ever...
 
Engineering News 14 June 2024   Engineering News 14 June 2024 View Back Copy Engineering News 07 June 2024   Engineering News 07 June 2024 View Back Copy Engineering News 31 May 2024   Engineering News 31 May 2024 View Back Copy Engineering News 24 May 2024   Engineering News 24 May 2024 View Back Copy Engineering News 17 May 2024   Engineering News 17 May 2024 View Back Copy Engineering News 10 May 2024   Engineering News 10 May 2024 View Back Copy
 
Register for daily alerts on news as it breaks in various key economic sectors - Click here to register
Close