corsa coal cso tsx-v
Posted: Thursday Jul 17 7:19:58AM 2014
The Financial Post reports in its Wednesday, July 16, edition that antipathy between the West and Russia is creating both opportunities and headaches for Canadian firms. The Post's Peter Koven writes that Corsa Coal (13.5 cents) said Tuesday it would purchase American coal producer PBS Coals for $60-million from Russia's OAO Severstal, just a fraction of the $900-million purchase price that Severstal paid for PBS in 2008. The deal provides Corsa a unique growth opportunity at the bottom of the coal market.
83 % of the shares are held by insiders: Sprottt, Lundin and Qunitana. Quintana is the largest coal owner in the US ,after the US government.