Coalcorp does not make December interest payment on senior notes
The Company is not making this payment to preserve its cash position as it reviews its strategic alternatives. The Company is currently considering various options in order to satisfy its obligations under the Senior Notes in accordance with the terms of the indenture.
About Coalcorp
Coalcorp is a coal mining, exploration and development company with interests in the La Francia coal mine and related infrastructure projects and a number of coal exploration properties, all located in
Forward Looking Statements Disclaimer
Statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Coalcorp does not undertake to update any forward-looking statements; such statements speak only as of the date made.
For further information: Joseph Belan, Interim Chief Executive Officer, +57-1-658- 5050 Ext: 9990
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