Lorito Holdings and Zebra Holdings and Investments acquire Corsa Coal shares
Published by Harleigh Hobbs,
Editor
World Coal,
Pursuant to a private placement, Lorito Holdings S.à.r.l. (Lorito) and Zebra Holdings and Investments S.à.r.l (Zebra) have each acquired 30 000 000 common shares of Corsa Coal Corp. at a price of US$0.10/share – representing in the aggregate approximately 3.2% of the outstanding shares of Corsa.
As a result of the acquisition, Lorito will hold 157 802 667 common shares (approximately 8.36%) of the issued shares of Corsa and Zebra will hold 150 908 666 common shares (approximately 7.99%) of the issued shares of Corsa.
Lorito and Zebra are joint actors with respect to their common shares of Corsa, which were acquired for investment purposes. Each of Lorito and Zebra may from time to time increase or decrease their investments in the common shares of Corsa depending upon the business and prospects of Corsa and depending upon future market conditions.
Read the article online at: https://www.worldcoal.com/coal/27102016/lorito-holdings-and-zebra-holdings-and-investments-acquire-corsa-coal-shares/
You might also like
ASEAN’s coal revival is a temporary response to supply disruption, SEAS survey finds
Southeast Asia’s energy industry reads the recent increase in coal use and project activity across parts of ASEAN as a short-term response to supply disruption rather than a change of direction in coal phase-out plans.