Mineralogy Pty Ltd acquires a further 5.49% interest in Waratah Coal Inc.
Mineralogy Pty Ltd, a privately-held corporation based in Brisbane, Australia, announced today that the Company acquired 3,091,400 common shares (the Shares) in the capital of Waratah Coal Inc. representing 5.49% of the issued and outstanding shares of Waratah. The company entered into a contract to buy such shares dated 17th September 2008 which has a date for settlement under the contract of 17 of September 2008. The company has agreed to pay C$ 4,020,512.49 (Canadian Dollars) for the Shares, a price of Canadians 1.3005 to each share. After the acquisition of such shares, the Company beneficially owns 9,548,000 common shares representing 16.94% of the issued and outstanding shares of Waratah.
The Company has acquired the common shares for investment purposes 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 “WO”.
