(“CIA” or the “Company")
Memorandum of Understanding to acquire the remainder of CoalTech
Both the Company and CoalTech have commenced due diligence to examine the feasibility. However, until a formal Sale and Purchase Agreement (“SPA”) has been signed, the deal is conditional, and not binding on either the Company or CoalTech.
There can be no guarantee that the discussions in respect of the MoU signed with CoalTech will be successful.
The Directors of the Company accept responsibility for the content of this announcement.
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