Acacia puts in groundwork for Riverside project

ACACIA Coal has been developing relationships with contractors, regulators and advisors on the ground in South Africa as it progresses the development of the Riverside Anthracite Colliery and continues its due diligence program prior to completion of the acquisition.

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Acacia puts in groundwork for Riverside project Acacia puts in groundwork for Riverside project Acacia puts in groundwork for Riverside project Acacia puts in groundwork for Riverside project Acacia puts in groundwork for Riverside project

The company has executed a capital raising by way of a placement and 1:2 pro rata non-renounceable entitlements offer to its shareholders to raise approximately $2 million to advance the RAC project.

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