Buffalo Coal Corp.

Recent News

  • 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 affiliate of the Company's majority shareholder, Belvedere...

    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 and obligations of the Company under the loan...

    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 shares at a price of...

    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 the Convertible Loan, together with US$270,175 accrued...

    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 Record...

    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 Facility Agreement (the "Agreement"), as agreed to with Investec on March 30, 2022;BCD...

    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 States dollars) ("the Transaction") in Belvedere's favour.This transaction was...

    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 required to obtain a written consent ("the Consent")...

    2022-09-01 4:01 PM EDT