Thursday, November 04, 2010

Junior miner powers higher on China coal mine stake increase -

ORONTO (SHfn) – Lucky Strike Resources (TSX: V.LKY, Stock Forum) shares climbed 34% to 41 cents on Friday after the micro cap miner announced an amendment to the terms of the letter of intent for the acquisition of the Changyun Coal Mine project in China with Cheung Wan (Groups) Energy Development Limited. Lucky Strike can now earn an additional 20% interest of the project bringing the total amount to 80% from the original 60%. The proposed purchase price increases from RMB 110 Million to RMB 150 Million, or to approximately US$22.06 million

No comments:

U.S. National Debt Clock