Mineralogy Pty Ltd acquires a further .2047% interest in Waratah Coal Inc.
Mineralogy Pty Ltd, a privately-held corporation based in Brisbane, Australia, announced today that the Company acquired 115,400 common shares (the Shares) in the capital of Waratah Coal Inc. representing .2047% of the issued and outstanding shares of Waratah. The company bought the shares on market on 30th September 2008. The company has agreed to payed a total of C$ 155,790 (Canadian Dollars) for the Shares, a price of Canadian$ 1.35 to each share. After the acquisition of such shares, the Company beneficially owns 10,734,200 common shares representing 19.0462% of the issued and outstanding shares of Waratah.
The Company has acquired the common shares for investment purposes and is interested in taking a majority interest in the company and will acquire further common shares or dispose of its holdings of common shares both as investment conditions warrant.
Waratah is listed on the TSX Venture Exchange under the trading symbol “WCI”.
