AHQ allegiance coal limited
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News: AHQ Allegiance Coal Completes Binding Terms Sheet For $40M Loan

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    15/08/22
    11:20
    Post #: 63115645

    Aug 15 (Reuters) - Allegiance Coal Ltd (AHQ) :

    • COMPLETES BINDING TERMS SHEET FOR US$40M LOAN AND COAL OFF-TAKE CONTRACT WITH MARCO INTERNATIONAL
    • PRICE FOR COAL FOR TERM OF CONTRACT IS US$220/T
    • SECURES US$40 MILLION, THREE YEAR SECURED LOAN, FROM MARCO INTERNATIONAL
    • UNDER COAL OFF-TAKE,NEC AND BWM TO SEEL UP TO 40KT PER MONTH OF COAL TO MARCO COMMENCING 1 OCT FOR ONE YEAR
    • MARCO HAS RIGHT TO EXTEND CONTRACT FOR ANOTHER YEAR AT EXPIRY OF YEAR ONE
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