Buffalo Coal Corp. Announces Implementation of Going Private Transaction
Toronto, Ontario--(Newsfile Corp. - April 20, 2023) - Buffalo Coal Corp. (TSXV: BUF) (the "Company") is pleased to announce the completion of the going private transaction by way of share consolidation (the "Consolidation"), which was approved by the Company's shareholders at the special meeting of shareholders held on April 17, 2023. In connection with the Consolidation, the common shares of the Company will be delisted from trading on the TSX Venture Exchange (the "TSXV") at the end of the...
2023-04-20 12:18 PM EDT
Buffalo Coal Corp. Announces Results of Special Meeting of Shareholders for Going Private Transaction
Toronto, Ontario--(Newsfile Corp. - April 17, 2023) - Buffalo Coal Corp. (TSXV: BUF) (the "Company") is pleased to announce that the shareholders of the Company have approved the special resolutions to commence the process of taking the Company private as set out in the Company's March 15, 2023 press release and information circular dated March 14, 2023 (the "Circular").The effective date for the going private transaction will be April 20, 2023, or such other date as the Company may advise...
2023-04-17 12:07 PM EDT
Buffalo Coal Corp. Announces Special Meeting of Shareholders for Going Private Transaction
Toronto, Ontario--(Newsfile Corp. - March 15, 2023) - Buffalo Coal Corp. (TSXV: BUF) (the "Company") today announces that it intends to seek shareholder approval for a proposal to take the Company private at a special meeting of shareholders ("Shareholders") to be held on Monday, April 17, 2023 at 10:00 a.m. (Toronto time) (the "Meeting").The Company proposes to complete the going private transaction by way of a share consolidation and purchase (the "Consolidation") of all common shares...
2023-03-15 5:30 PM EDT
Buffalo Coal Corp. Announces Secured Credit Facility
Toronto, Ontario--(Newsfile Corp. - January 23, 2023) - Buffalo Coal Corp. (TSXV: BUF) (JSE: BUC) (the "Company") announced today that its wholly-owned subsidiary, Buffalo Coal Dundee Proprietary Limited ("BCD") has entered into and received approval from the South African Reserve Bank regarding a secured credit facility agreement dated November 7, 2022 and addendum to the facility agreement dated December 29, 2022 (as amended, the "Credit Agreement") with Ikwezi Mining FZE (the "Lender"), an...
2023-01-23 2:00 AM EST
Buffalo Coal Corp. Announces Final Discharge of Investec Loan
Toronto, Ontario--(Newsfile Corp. - January 16, 2023) - Buffalo Coal Corp. (TSXV: BUF) (JSE: BUC) (the "Company" or "Buffalo Coal") today announced the final discharge of Buffalo Coal's loan facility with Investec Bank Limited ("Investec"). The Company settled the outstanding loan facility of R32,576,523 including interest along with a reduced royalty amount agreed to with Investec of R2,500,000. On January 13, 2023 Investec issued a final discharge notice confirming that all the indebtedness...
2023-01-16 2:00 AM EST
Buffalo Coal Corp. Announces Completion of Rights Offering
Toronto, Ontario--(Newsfile Corp. - December 29, 2022) - Buffalo Coal Corp. (TSXV: BUF) (JSE: BUC) (the "Company" or "Buffalo Coal") today announced the completion of the previously announced rights offering to its shareholders (the "Rights Offering"), subject to final approval of the TSX Venture Exchange (the "TSXV").Buffalo Coal issued 315,135,452 common shares of the Company (each a "Common Share") at a price of CDN$0.01 per Common Share for rights exercised on the TSXV and 111,038 common...
2022-12-29 7:46 AM EST
Buffalo Coal Corp. Announces Amendments to Loan Facilities
Toronto, Ontario--(Newsfile Corp. - November 24, 2022) - Buffalo Coal Corp. (TSXV: BUF) (the "Company") announced today that the convertible loan facility (as amended from time to time, the ("Convertible Loan") with Belvedere Resources DMCC ("Belvedere") (assumed from Resource Capital Fund V L.P.) has been amended to remove the right of Belvedere, as lender, to convert amounts owing thereunder into shares in the capital of the corporation. There is currently US$27,000,000 outstanding under...
2022-11-24 7:00 AM EST
Buffalo Coal Corp. Announces Rights Offering
Toronto, Ontario-(Newsfile Corp. - November 4, 2022) - Buffalo Coal Corp. (TSXV: BUF) (JSE: BUC) (the "Company" or "Buffalo Coal") announced that it will be offering rights (the "Rights Offering") to holders of its common shares ("Common Shares") of record at the close of business on November 18, 2022 (the "Record Date"). Pursuant to the Rights Offering, each holder of Common Shares (a "Shareholder") will receive one transferable right (each, a "Right") for each Common Share held as of the...
2022-11-04 7:00 AM EDT
Tri-Partite Agreement Between the Group, Investec and Belvedere
Toronto, Ontario--(Newsfile Corp. - October 5, 2022) - Buffalo Coal Corp (TSXV: BUF) ("Buffalo Coal Corp." or "the Group" or "the Company" or "the Issuer") advises its shareholders that its wholly-owned subsidiary, Buffalo Coal Dundee Proprietary Limited ("BCD") concluded a tri-partite agreement with Investec Bank Limited ("Investec") and Belvedere Resources DMCC ("Belvedere"), pursuant to which:BCD would continue to pay Investec the scheduled monthly capital repayments under the Credit...
2022-10-05 5:00 PM EDT
Buffalo Coal Announces Investec Consent Received for Assignment of RCF Convertible Debt
Toronto, Ontario--(Newsfile Corp. - September 15, 2022) - Buffalo Coal Corp (TSXV: BUF) ("Buffalo Coal Corp." or "the Group" or "the Company" or "the Issuer") advises its shareholders that Belvedere Resources DMCC ("Belvedere") has received written consent from Investec Bank Ltd to assign the convertible debt ("the Loan") of USD 27,000,000 (twenty-seven million United States dollars) purchased from Resource Capital Fund V L.P. ("RCF") for a consideration of USD 2,000,000 (two million United...
2022-09-15 4:35 PM EDT
Investec Consent for Assignment of RCF Convertible Debt and Repayment of Various Investec Loan Facilities
Toronto, Ontario--(Newsfile Corp. - September 1, 2022) - Buffalo Coal Corp. (TSXV: BUF) advises its shareholders that, as previously reported on June 15, 2022, Resource Capital Fund V L.P. ("RCF") sold the convertible debt ("the Loan") of USD 27,000,000 (twenty seven million United States dollars) to Belvedere Resources DMCC ("Belvedere") for a consideration of USD 2,000,000 (two million United States dollars) ("the Transaction"). In accordance with the terms of the Transaction, Belvedere was...
2022-09-01 4:01 PM EDT
Buffalo Coal Corp. Announces Appointment of Non-Executive Director and Chairperson
Toronto, Ontario--(Newsfile Corp. - August 25, 2022) - Buffalo Coal Corp. (TSXV: BUF) (“Buffalo Coal Corp.” or “the Group” or “the Company” or “the Issuer”). The Company advises its shareholders of the appointment of Mr Tushar Agrawal as a non-executive director and Chairperson of the board of directors of Buffalo ("the Board") with immediate effect.Mr Agrawal is the ultimate beneficial owner of Belvedere Resources DMCC, the largest shareholder of the Company. Mr Agrawal has a Business...
2022-08-25 11:13 AM EDT
Resignation of Non-Executive Director and Chairperson
Toronto, Ontario--(Newsfile Corp. - August 24, 2022) - Buffalo Coal Corp. (TSXV: BUF) ("Buffalo Coal Corp." or "the Group" or "the Company" or "the Issuer") advises that Mr. Craig Wiggill, Director and Chairperson of the board of directors of Buffalo Coal ("the Board"), has elected to resign his positions on the Board pursuant to the Change of Control clause in his contract, effective from August 23, 2022.The Board wishes to thank Mr. Wiggill for his valuable contributions to the Company...
2022-08-24 4:35 PM EDT
Resignation of Chief Financial Officer
Toronto, Ontario--(Newsfile Corp. - August 22, 2022) - Buffalo Coal Corp. (TSXV: BUF) would like to advise its shareholders of the resignation of Mr. Willie Bezuidenhout as the Chief Financial Officer ("CFO") of the Company, effective from September 18, 2022. The board of directors of Buffalo Coal ("the Board") wishes to thank Willie for his contributions to the Company and wish him every success in his future endeavours.The Board has commenced the process of identifying and appointing a...
2022-08-22 8:38 AM EDT
Acquisition of Majority Stake in Buffalo Coal Complete
Toronto, Ontario--(Newsfile Corp. - August 8, 2022) - Buffalo Coal Corp. (TSXV: BUF) announces that, further to the transaction between Resource Capital Fund V L.P. ("RCF V") and Belvedere Resources DMCC ("Belvedere") for the transfer of ownership of RCF V's securities holdings in the Company as previously announced in the press release of the Company dated as of June 15, 2022, that all administrative matters required to give effect to the transaction were completed on August 5, 2022. The...
2022-08-08 11:32 AM EDT
Appointment of Non-Executive Director
Toronto, Ontario--(Newsfile Corp. - August 5, 2022) - Buffalo Coal Corp. (TSXV: BUF) announces that, further to the transaction between Resource Capital Fund V L.P. ("RCF V") and Belvedere Resources DMCC ("Belvedere") for the transfer of ownership of RCF V's securities holdings in the Company previously announced in the press release of the Company dated as of June 15, 2022, the board of directors of the Company (the "Board") is pleased to confirm the appointment of Mr Alok Joshi...
2022-08-05 7:36 AM EDT
Buffalo Coal Corp: Investec Bank Limited Change of Control Notice
Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - Buffalo Coal Corp. (TSXV: BUF) announces, that that on July 4, 2022 the Company received notice from Investec Bank Limited ("Investec") that, on completion of the remaining administrative matters required to give effect to Belvedere Resources DMCC's ("Belvedere") acquisition of a majority stake in the Company, as announced by the Company on June 15, 2022, that Investec will exercise its rights to demand full repayment of all outstanding...
2022-07-05 11:53 AM EDT
Buffalo Coal Announces Annual General and Special Meeting Results
Toronto, Ontario--(Newsfile Corp. - June 17, 2022) - Buffalo Coal Corp. (TSXV: BUF) is pleased to announce that, at the Company's annual and special general meeting held on Monday, 13 June 2022 (the "Meeting"), all resolutions proposed, as set out in the Company's management information circular dated 17 May 2022, were duly passed by the shareholders of the Company (the "Shareholders").The Company's financial statements for the financial year ended December 31, 2021, together with the...
2022-06-17 9:40 AM EDT
Acquisition of Majority Stake in Buffalo Coal
Toronto, Ontario--(Newsfile Corp. - June 15, 2022) - Buffalo Coal Corp. (TSXV: BUF) announces on June 14, 2022, Belvedere Resources DMCC ("the Acquiror") purchased from Resource Capital Fund V L.P. (the "Seller" and together with the Acquiror, the "Parties") 347,945,097 Common Shares in the capital of the Issuer. The Acquiror ...
2022-06-15 8:01 AM EDT
Buffalo Coal Corp. Announces Resources and Reserves Technical Report Update National Instrument 43-101 ("NI 43-101") And Restructuring of the Investec Term Loan and Revolving Credit Facility ("the Investec Loan")
Toronto, Ontario--(Newsfile Corp. - April 8, 2022) - Buffalo Coal Corp. (TSXV: BUF) ("Buffalo Coal Corp." or "Buffalo" or "the Group" or "the Company") announces that the Group has filed a Competent Person's Report titled "Buffalo Coal Dundee Resources and Reserves Technical Report Update National Instrument 43-101" (the "2022 Technical Report") dated April 4, 2022 for the Group's Aviemore Mine's (Aviemore East, Aviemore North and Balgray) Reserve Statement and Magdalena Colliery's Reserve...
2022-04-08 10:43 AM EDT