Press Release - White Energy and Cascade Coal Agree Mutual Termination of Acquisition of Cascade Coal

摘要

As previously announced White Energy Company has a conditional sale agreement with the shareholders of the unlisted company Cascade Coal Pty Ltd to acquire the company and its two coal exploration licences in New South Wales. Cascade has proven up substantial open cut coal resources and reserves at its Mt Penny deposit and has been granted Director General's requirements from the Department of Planning to proceed with the detailed assessment of the project as a prerequisite to development consent.