26 July 2013
PAYMENT RECEIVED COALBANK LIMITED (ASX: CBQ) confirms that it has received the amount of $500,000 from Loyal Strategic Investment Ltd as the payment for the extended exclusivity period in accordance with the amended Scheme Implementation Agreement as announced on 24 July 2013.
As previously advised, COALBANK will provide an update on the change-of-control transaction and timetable when the revised arrangements are finalised and documented, prior to 30 August
2013.
Advisers
COALBANK is being advised on the transaction by McCullough Robertson.
Further information:
Bruce Patrick
CEO,
COALBANK Limited
Telephone +61 7 3229 6606
Greg Baynton Deputy Chairman COALBANK Limited Telephone +61 7 3229 6606
COA LBA N K LI M I T E D
ABN 20 075 877 075
Le v e l 6 344 Qu e e n S tre e t B ri s b a n e Q u e e n s l a n d 4 0 0 0