Prairie Mining Limited Update Regarding Possible Co-operation with JSW (9430Y)
August 28 2018 - 1:01AM
UK Regulatory
TIDMPDZ
RNS Number : 9430Y
Prairie Mining Limited
28 August 2018
PRAIRIE MINING LIMITED
NEWS RELEASE | 28 August 2018
Update Regarding Discussions
on Possible Co-operation with JSW
Further to Prairie Mining Limited's ("Prairie" or "Company")
announcement on 29 March 2018 on the possible co-operation between
Prairie and Jastrz bska SpĆ³ ka W glowa SA ("JSW"), Prairie notes
recent press articles regarding comments by representatives from
JSW on possible transaction(s) between the Company and JSW with
respect to Prairie's Polish coal projects.
The Company advises that discussions continue to take place as
part of the exchange of technical and commercial information as
referenced in the Company's announcement on 29 March 2018.
Commercial discussions continue to be at a preliminary stage and
that even if they move onto discussions of specific transactions
terms there can be no certainty as to whether any transaction(s)
will be agreed, or the potential form of such transaction(s). The
Company expects further exchange of information will continue with
JSW.
Any potential transaction(s), should they occur, may be subject
to a number of conditions including, but not limited to, obtaining
positive evaluations and expert opinions, necessary corporate
approvals, consents and approvals related to funding, consents from
Poland's Office of Competition and Consumer Protection (UOKiK) if
required, and any other requirements that may relate to the
strategy, objectives and regulatory regimes applicable to the
respective issuers.
The Company will continue to comply with its continuous
disclosure obligations and will make announcements to the market as
required.
For further information, please contact:
Prairie Mining Limited Tel: +44 207 478 3900
Ben Stoikovich, Chief Executive Email: info@pdz.com.au
Officer
Sapan Ghai, Head of Corporate
Development
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Authority to act as a Primary Information Provider in the United
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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