Buffalo Coal Corp. - Acquisition of Majority Stake in Buffalo Coal Complete
Buffalo Coal Corp. - Acquisition of Majority Stake in Buffalo Coal Complete - (TSXV: BUF) announces that, further to the transaction between ('RCF V') and Belvedere Resources DMCC ('Belvedere') for the transfer of ownership of RCF V's securities holdings in the Company as previously announced in the press release of the Company dated as of , that all administrative matters required to give effect to the transaction were completed on . The Company further advises that engagements with , as previously announced in the press release of the Company dated as of are ongoing. , the chairman of the Board, commented as follows: 'We are pleased to have Belvedere as our new majority shareholder and look forward to working closely with Belvedere's management team to unlock the synergies that exist between and Belvedere.' Buffalo is a coal producer in . This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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- (TSXV: BUF) announces that, further to the transaction between ('RCF V') and Belvedere Resources DMCC ('Belvedere') for the transfer of ownership of RCF V's securities holdings in the Company as previously announced in the press release of the Company dated as of , that all administrative matters required to give effect to the transaction were completed on .
The Company further advises that engagements with , as previously announced in the press release of the Company dated as of are ongoing.
, the chairman of the Board, commented as follows: 'We are pleased to have Belvedere as our new majority shareholder and look forward to working closely with Belvedere's management team to unlock the synergies that exist between and Belvedere.'
Buffalo is a coal producer in . It holds a majority interest in two operating mines through its 100% interest in , a South African company which has a 70% interest in ('Zinoju'). Zinoju holds a 100% interest in the Magdalena bituminous mine, the Aviemore East anthracite mine and the Balgray and North Adit anthracite projects in . has an experienced coal-focused management team.
The Company has its primary listing on the and has a secondary listing on the Alternative Exchange, operated by the .
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither the , nor its regulation services provider (as that term is defined in the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release.