GOLD 1294.90 $/ozChange: -0.67
PLATINUM 1407.50 $/ozChange: -21.00
R/$ exchange 10.50Change: 0.05
R/€ exchange 14.49Change: 0.10
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
Advanced Search
 
 
 
Home
 
World News
 
Africa
 
 
COAL
 
Takeover completed, Grande Cache to delist from TSX soon
PRINT
 
 
Embed Code Close
content
 
2nd March 2012
TEXT SIZE
Text Smaller Disabled Text Bigger
 

TORONTO (miningweekly.com) – Calgary-based Grande Cache Coal said on Thursday its C$1-billion acquisition by Hong Kong-listed and Japan’s Marubeni Corporation had closed.

The company, which owns coal mines in west-central Alberta, said its shares would be delisted from the TSX “shortly”.

Investment Canada earlier in February granted approval to the bid, first announced in October.

In December the Alberta Securities Commission accused Grande Cache CEO Robert Stan, former CFO Anita Roncin, marketing and transportation VP Eugene Nagai, former GM Timothy Riordon, controller Kevin Wade and Stan’s wife Kathryn Stan of breaking Alberta’s securities laws by engaging in illegal insider trading in 2008.
 

Edited by: Creamer Media Reporter

 

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.

FULL Access to Mining Weekly and Engineering News - Subscribe Now!
Subscribe Now Login