Bounty knocks back another Qcoal proposal

BOUNTY Mining’s non-interested directors have concluded that a revised Qcoal recapitalisation proposal for the company is not superior to an existing Amaroo proposal.

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Bounty knocks back another Qcoal proposal Bounty knocks back another Qcoal proposal Bounty knocks back another Qcoal proposal Bounty knocks back another Qcoal proposal Bounty knocks back another Qcoal proposal

Qcoal intends to vote its shares against the resolutions at Bounty's Monday’s general meeting.

The decision follows a succession of proposals by Qcoal, which is seeking to expand its presence in Queensland's Bowen Basin.