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China Coal Corp Slightly Lower, Above Record Lows Hit Earlier

China Coal Corp (CKO.V) is slightly lower at 3 cents late Thursday afternoon, above a new record low of 2 cents hit earlier with 5.5 million shares traded after it was reported that China's power consumption rose 9.9% to 383.6 kWh in November from a year earlier, the slowest growth in three months, the National Energy Administration ( NEA ) said Wednesday.

Meanwhile, China Coal Corp announced yesterday that it has, subject to TSXV final approval, closed a non-brokered private placement of 4,195,996 units at five cents per unit, each unit to consist of one China Coal common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one additional China Coal common share at a price of 30 cents for a period of two years from closing. The gross proceeds of the financing are C$209,799.80

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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