Ann: Agreement to acquire coal and manganese asse, page-2

re: Ann: Agreement to acquire coal and mangan... Check out the buy side!!

Reminds me of CAG all over again.
A bit more promise here though
Highlights of the projects being acquired include:
 Two producing open cut thermal coal mines in East Kalimantan
 Coal holdings exceeding 80,000 ha in area
 Four immediate drill programmes for coal to be undertaken on high potential areas in East Kalimantan
 8000 ha application over high potential coking coal area in central Kalimantan
 Rights to construct a key coal loading facility in east Kalimantan
 Proven, experienced local operating partners are included in acquisition
 The Company is to issue an additional 330 million shares to acquire a 90% interest in all the projects & take over all funding commitments going forward
 CEO Alan Hopkins said “This is a company changing transaction & delivers the potential for us to set our sights on joining the top tier coal & manganese companies in Indonesia”