Brief: Advanced Emissions Solutions Announces Sale Of Marshall Mine LLC To Caddo Creek Resources Company

Arq

06/09/2022 22:35

Sept 6 (Reuters) - Advanced Emissions Solutions Inc
 ADES.O :
    * ADVANCED EMISSIONS SOLUTIONS ANNOUNCES SALE OF MARSHALL
MINE,
LLC TO CADDO CREEK RESOURCES COMPANY, L.L.C.
    * ADVANCED EMISSIONS - DO NOT EXPECT ANY CASH PROCEEDS FROM
DEAL,
TO PAY OUT PURCHASE PRICE OF $2.4 MILLION FROM CASH BALANCES
THAT ARE CURRENTLY RESTRICTED
    * ADVANCED EMISSIONS SOLUTIONS INC - CADDO CREEK WILL ASSUME
MARSHALL MINE'S ASSETS AS WELL AS ASSET RETIREMENT OBLIGATION
RELATED TO MINE OF $4.8 MILLION
    * ADVANCED EMISSIONS SOLUTIONS INC - UPON COMPLETION OF
TRANSACTION, COMPANY EXPECTS TO RECORD A GAIN OF APPROXIMATELY
$2.4 MILLION

Source text for Eikon:  ID:nGNXbKjgFL 
Further company coverage:  ADES.O