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Aug 5 (Reuters) - Bounty Mining Ltd (B2Y) : EXECUTED...

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    05/08/19
    09:35
    Post #: 39856114

    Aug 5 (Reuters) - Bounty Mining Ltd (B2Y) :

    • EXECUTED DOCUMENTATION TO FACILITATE A RECAPITALISATION & NEW FUNDING PACKAGE WITH MAJOR SHAREHOLDER AMAROO BLACKDOWN INVESTMENTS
    • ALSO AGREED TO AMEND AND RESTATE EXISTING COAL OFFTAKE AGREEMENT WITH AMAROO'S ASSOCIATE, XCOAL ENERGY & RESOURCES GMBH
    • UNDER NEW FINANCING DEAL WITH AMAROO, AMAROO WILL SUBSCRIBE FOR SECURED CONVERTIBLE NOTES AMOUNTING TO A$35 MILLION
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