Thursday, March 21 (11:48) JSW, aiming to expand its resource base, would also like to conclude by the end of April with Prairie Mining regarding the basic terms of the transaction (the so-called term-sheet) concerning the potential takeover by JSW of control over the assets of this company: the Debiensko deposit and the Jan Karski deposit Lublin region. The reasons for submitting a request for a break in the general meeting were not provided. The deliberations are to be resumed on Wednesday, April 3 at 11 at the company's headquarters in Jastrzebie-Zdrój.
On the agenda of the extraordinary general meeting, in addition to the decision on granting consent to take over the enterprise construction Szybów (PBSz), there is also a decision regarding shareholders' consent to establish property collateral, necessary to obtain by JSW a total of over PLN 1 billion in financing.
As announced last week by the president of Daniel Ozon, after positive decisions of the general meeting, the finalization of agreements related to obtaining financing would take place in April. Funding worth PLN 760 million is to be granted by a consortium of institutions: ARP, BGK, Pekao SA, PKO BP SA and ICBC (Europe) SA. https://biznes.interia.pl/gieldy/news/walne-zgromadzenie-jastrzebskiej-spolki-weglowej-przerwane,2606669,1844
PDZ Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
