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Acaica Coal sells entire shareholding in Bowen Coking Coal Ltd

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World Coal,

On 7 December, Acacia Coal Limited announced that the company has sold its entire shareholding in Bowen Coking Coal Ltd.

The shareholding entirety consisted of 17 391 304 shares, at a price of 1.6 cents per share for total consideration received of AUS$278 261.

This share sale adds to the company’s cash reserves from its recent rights issue, which was completed in October 2018.

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Australia coal news