Mineralogy Pty Ltd, a privately-held corporation based in Brisbane, Australia, announced today that the Company acquired 115,400 common shares (the Shares) in the capital of Waratah Coal Inc. representing .2047% of the issued and outstanding shares of Waratah.
The company bought the shares on market on 30th September 2008. The company has agreed to payed a total of C$ 155,790 (Canadian Dollars) for the Shares, a price of Canadian$ 1.35 to each share.
After the acquisition of such shares, the Company beneficially owns 10,734,200 common shares representing 19.0462% of the issued and outstanding shares of Waratah.
The Company has acquired the common shares for investment purposes and is interested in taking a majority interest in the company and will acquire further common shares or dispose of its holdings of common shares both as investment conditions warrant. -- www.cnxmarketlink.com
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