APC secures funding for Dartbrook buy-out

April 27, 2016

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Junior Australian Pacific Coal (APC) has secured A$5-million in funding from cornerstone investor Trepang Services to purchase the remaining 16.67% interest in the Dartbrook joint venture (JV), in New South Wales, from Marubeni Coal.

The ASX-listed company in December of last year signed an agreement with diversified miner Anglo American to acquire a majority interest in the Dartbrook project for up to A$50-million.

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