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Property NewsNovember 3, 2010 Coalcorp Mining Inc. announced it has received a Notice of Claim from Colombian Natural Resources I SAS with respect to alleged losses in the amount of US$37,450,518. March 22, 2010 Coalcorp Mining announced the closing of the previously announced sale by Coalcorp’s subsidiaries of the La Francia mine and related infrastructure assets, including Concession 5160, 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, Inc.. January 7, 2010 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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