View adds to Kyrgyzstan coal properties
19th Jun 2012
JUNE 19 – View Resources is chasing an exploration target of 500-700Mt of coal at three newly acquired coking and thermal coal deposits in the Uzgen coal basin of Kyrgyzstan.
Under a conditional agreement, View will issue 500M shares at $A0.02 plus 900M performance shares and meet cost commitments of $2.5M to acquire 80% ownership of the Tuyuk-Kargasha, Kokkia and Min-Teke prospects from the 100% owner, Hong Kong-incorporated Hokkia Coal Ltd.
View says the new tenements will complement its Sary Mogol and Bel Alma projects in Kyrgyzstan. The company aims to complete its first phase drilling on the tenements in July-September.
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