CWK WHC

News: Coalworks CEO resigns amid takeover

  1. FNN News
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    04/07/12
    09:15
    Post #: 10390723
    .

    Coalworks Limited’s (ASX:CWK) CEO, Dr Andrew Firek says he will resign from his role, as Whitehaven Coal Limited (ASX:WHC) edges closer in its takeover efforts.



    Whitehaven which has acquired more than 80 per cent of Coalworks’ shares, is also a takeover target from its biggest shareholder Nathan Tinkler.



    Whitehaven’s offer to Coalworks ends today.



    Coalworks reported a net profit of $1.4 million for the half year to December 2011.

    CWK Price at posting: $1.00 Sentiment: None Disclosure: Held
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