Sept 23 (Reuters) - Yankuang Energy Group Co Ltd
:
* ANNOUNCEMENT ON MERGER AND ACQUISITION OF HIGHFIELD RESOURCES LIMITED
* COMPANY SHALL TRANSFER ITS 100% EQUITY INTEREST IN YANCOAL CANADA RESOURCES TO HFR AT ISSUE PRICE OF A$0.50 PER SHARE
* WILL ACQUIRE NEWLY ISSUED SHARES OF HIGHFIELD RESOURCES
* COMPANY SHALL TRANSFER ITS 100% EQUITY INTEREST IN YANCOAL CANADA RESOURCES TO HFR
* HFR SHALL RAISE US$220 MILLION THROUGH A TARGETED ISSUE OF ADDITIONAL SHARES OF HFR
* INTENDS TO CONTRIBUTE NO MORE THAN US$90 MILLION TO PARTICIPATE IN SUBSCRIPTION
* HFR SHALL RAISE US$220 MILLION AT A PRICE OF A$0.50 PER SHARE
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