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Oct 08, 2019

Bounty Mining executes refinancing deal with QCoal

Bounty Mining executes refinancing deal with QCoal

Cook Colliery owner Bounty Mining has signed a $90-million refinancing deal with QCoal. QCoal and managing director Christopher Wallin hold about 6.54 per cent of Bounty’s shares. Bounty said the agreement provided for cash funding of $60 million and a guarantee facility for $30 million. The funds will be used to repay outstanding debts to…

This content is for iQ Industry Queensland, iQ Coal, iQ Civil, iQ Geo, iQ Miner’s Life, iQ Rockhampton, iQ Coal and Mining North, iQ Coal and iQ Geo, iQ Civil and iQ Coal, iQ Civil and Mining North, and iQ Civil and iQ Geo members only.
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