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Flannery, Duncan lend White Energy $1M

WHITE Energy directors and substantial shareholders Brian Flannery and Travers Duncan have agreed to provide a loan facility to the company of up to $500,000 each while the company seeks to firm up a buyer for its Mountainside Coal Company in the US.

Lou Caruana
White Energy director Travers Duncan.

White Energy director Travers Duncan.

Flannery's private company, Illwella, and chairman Travers Duncan's private company, Gaffwick Duncan Family Trust, will provide a total of $1 million, which the company will use for general working capital...

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