Acquisition of Coal Leases (2729N)
August 31 2011 - 1:01AM
UK Regulatory
TIDMNSN
RNS Number : 2729N
Natasa Mining Limited
31 August 2011
Natasa Mining Limited
("Natasa" or "the Company")
Acquisition of Coal Leases
Natasa Mining Ltd wishes to advise that it has acquired six
granted Coal Leases, covering an area of 22,688 ha, in the Fox
Creek area of the Province of Alberta, Canada for a consideration
of US$5 million.
In a report filed by the vendor of the Leases with relevant
Canadian authorities on 17 December 2007, in accordance with
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects, it was stated that these Coal Leases consist of 847
million tonnes of a measured and indicated coal resource.
The vendor of the presently undeveloped Leases is a non-related
Canadian company (Alter NRG Corp), the consideration moneys have
been paid out of Natasa's existing cash funds and the acquisition
will not have any material effect on the Company.
Enquiries:
Chrisilios Kyriakou, Chief Executive Officer
Natasa Mining Limited
Telephone: 020 7514 1480
Angela Peace
Strand Hanson Limited
Telephone: 020 7409 3494
Philip Haydn-Slater/Paul Dudley
HD Capital Partners LLP
Telephone: 020 3551 4870
This information is provided by RNS
The company news service from the London Stock Exchange
END
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