China Natural Resources Consummates Acquisition of Coal Mining Company in Guizhou Province, PRC

July 17, 2009 Filed Under: Coal Mining, Mining Investment, Mining Stocks  
China Natural Resources Consummates Acquisition of Coal Mining Company in Guizhou Province, PRC

CHINA NATURAL RESOURCES, INC. announced that, on July 10, 2009, it consummated the acquisition of (a) all of the issued and outstanding capital stock of Pineboom Investments Limited and its wholly-owned subsidiaries (the “Coal Group”) and (b) the outstanding indebtedness owing by the Coal Group to the related-party seller on the closing date. Pineboom, through its operating subsidiary,...