WCC enters into negotiations to recapitalise its balance sheet

March 10, 2016

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The Waterberg Energy Group (WEG), which included dual-listed Waterberg Coal Company (WCC) and its controlled entity Firestone Energy, is in negotiations with Villora, soon to be AME International, to assist in the recapitalisation of WCC’s balance sheet. The recapitalisation included the provision of working capital and a potential transaction to acquire the secured convertible note held by Standard Bank South Africa (SBSA) and other WCC noteholders.

Category: General