Investment News:

White rejigs merger deal


AUSTRALIAN clean coal company White Energy has revised its previously announced proposed merger with Asia Special Situation Acquisition Corporation, with the US-listed company to chip in $US100-140 million.



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Investors jump on to White Energy



CLEAN coal player White Energy has raised $A55 million ($US42.63 million) through the issue of 36.67 million new ordinary shares at $1.50 per share, with the placement over-subscribed.  - more

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SYDNEY-based White Energy has followed up on its plans to move into the American market as its US subsidiary company enters into an agreement with coal miner Buckskin Mining to develop a coal upgrading facility near Gillette in the Powder River Basin, Wyoming.  - more

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WHITE Energy has launched a largely scrip-based takeover of private company South Australian Coal in a deal that will hand over the reins of White to former Felix Resources executives Brian Flannery and Travers Duncan.  - more


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