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as at 09/03/2016 13:45
28/04/2016 - Voluntary Administration FAQs for ShareholdersShareholder FAQs
Linc Energy completed the sale of its conventional coal business, including 100% of the shares in its subsidiary New Emerald Coal Ltd, to United Queensland Resources Pty Limited (a part of the United Mining Group) on 21 May 2015.
The sale was announced by the Company on 16 February 2015 advising that the last remaining Condition Precedent in the sale transaction was approval by the Company's shareholders. This approval was received at an Extraordinary General Meeting held on 14 May 2015.
More information about New Emerald Coal and it's assets is available here.