🕐03.08.12 - 03:27 Uhr

OGL RESOURCES [ASX: OGL] - AGREEMENT EXTENSION AND COURT OF APPEAL UPDATE



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OGL Resources [ASX: OGL] 
http://www.oglltd.com


Agreement Extension and Court of Appeal Update

OGL Resources Limited (ASX: OGL) has executed an agreement with Zedemar Holdings Pty Ltd to extend the settlement date for the acquisition of Zedemar Holdings’ coal assets - Ebenezer Coal Mine (ML 4712) and Bremer View Coal Project (MDL 172).

The agreement extension has no stated completion date but is in place until the outcome of the Court Appeal is determined and then allows a further period for the raising of funds to settle the agreement.

 
The Appeal hearing is scheduled for 12 September 2012.

The Board of OGL will again support the Crown and Zedemar Holdings in defending this Court Appeal.

Click here for full announcement

For further information, please contact: 

 
Matthew Storey
Director, Corporate Finance
Ph: +61 2 8238 6222
Email: or 
 
Jonathan Pearce
Associate Director, Corporate Finance
Ph: +61 2 8238 6222
Email:
 
Media & Investor Relations
 
Bill Kemmery +61 400 122 449
Ph: +61 2 9003 0499
Ph: +61 400 122 449
Email:
 
Jeffrey Coote
Fortbridge 
Ph: +61 2 9003 0477
Ph: +61 414 535 433
Email:






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