COALCORP MINING INC.

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Stock Quote: TSX:CCJ

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CALLE 113 NO. 7-80 PISO 12
BOGOTA
Colombia
Phone: +57 1 658 5050
Fax: +57 1 612 0575

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Company Summary

Coalcorp Mining Inc. is a coal mining, exploration and development company with interests in the La Francia coal mine and related infrastructure projects and a number of coal exploration properties, all located in Colombia.

Company News

Thursday, January 07, 2010

Property: LA FRANCIA I COAL MINE

Coalcorp Mining announced that it has entered into agreements to sell the La Francia mine and related infrastructure assets and all of the issued and outstanding shares of Adromi Capital Corp., the holder of the La Francia II concession, to a subsidiary of the Goldman Sachs Group. The cash consideration for the La Francia I Assets is USD$100 million and the cash consideration for the Adromi Shares is USD$51 million.

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