CANADIAN coal miner Eastcoal's move to the London Alternative Investment Market is progressing, w...
The company has struck a placing agreement with Cenkos Securities.
Under the agreement Cenkos will act as broker for the placing.
The placing and admission to the market are expected to be on or about December 28.
Eastcoal also announced that the conversion of the $C2 million ($US2.01 million) from the loan it received from Salida Capital into Eastcoal shares would be at the lower price of 19.36705c, rather than 19.4c.
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