TANAGER Announces First Commercial Shipments of Coal from its Hinton, Alberta Property

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Toronto, Ontario--(Newsfile Corp. - May 16, 2019) - Consolidated Tanager Limited, ("Tanager" or the "Company") is pleased to announce that the first two trainloads of low-sulphur thermal coal from its Hinton, Alberta property have been shipped to the port of Prince Rupert, B.C., destined for Asia.

Under the terms of an Agreement with KC Euroholdings S.a.r.l ("KCE"), KCE is a member of the Cline Group and has an option to acquire a 100% working interest in the Company's five Alberta coal leases until March 31, 2023. Once KCE has mined, delivered and sold 500,000 clean tonnes of thermal coal from the property, a payment of C$10 million will be due to Tanager. In addition, Tanager will retain the 1% (one per cent) gross overriding royalty on all coal produced and marketed from the property.

About Consolidated Tanager Limited

Tanager is incorporated under the Business Corporations Act of Ontario, and is a Public Issuer, although it is not currently listed on a stock exchange. In addition to the Hinton, Alberta coal mining leases, the Company owns 88 patented mining claims in the Timmins, Ontario area. The Company has 5.4 million common shares outstanding. More information about the Company can be found on its listing at www.sedar.com.

For further information, please contact:

Frank van de Water, Director, (tel) 416-221-4124 or (email) fvandewater@rogers.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44849

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).