Adventus: +27% at $0.07. Trading halt lifted at 2pm.
Follow up on proposed acquisition of coal mine at Boatman’s Creek in New Zealand. Purchase price fixed at US$8.6m, to be funded via internal resources. Mining concession will expire Jun 2033. Deal is subject to certain conditions, including confirmation of minimum recoverable reserves of at least 8m tons. Mgt intends to develop the Concession Area to produce up to at least 200,000 tpa initially.
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