Column 1 0 http://www.internationalcoalnews.com/storyview.asp?storyid=826939826§ionsource=s0[/P][P]Cockatoo to extend funding talks 1 2 Blair PriceTuesday, 2 December 2014COCKATOO Coal aims to keep its shares suspended until up to January 2 as it continues funding-related negotiations.
“The company has previously indicated that it expected to be in a position to make an announcement on the funding and financial position of the company to enable the suspension to be lifted before the commencement of trading on Monday, December 1, 2014,” Cockatoo said to the Australia Securities Exchange yesterday.
“The negotiation of arrangements to enable the announcement is continuing and the company now expects to be in a position to make an announcement by January 2, 2015.” Last week the Australian Financial Review’s Street Talk column reported that Cockatoo was in the midst of lining up more than $200 million in an equity raising. Cockatoo is part of the Wiggins Island Coal Export Terminal consortium which is targeting 27 million tonnes per annum of coal exporting capacity in the March quarter. Bandanna Energy, one of the foundation WICET members, went into voluntary administration in September – forcing other members to expand their JV commitments.
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