Prairie Wins Lublin Coal Project Investment

News: ASX-listed Prairie Mining secured an AUD83mn (USD61.22mn) investment for its Lublin coal project in Poland from natural resources equity fund CD Capital. The investment will comprise three tranches, the first will consist of a private placement by Prairie subsidiary PDZ Holdings of noninterest bearing convertible loan notes worth about AUD15mn (USD11.06mn), exchangeable for Prairie shares at AUD0.33 (USD0.24) each. The second tranche will comprise the grant of unlisted options in...

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