BRISBANE: White Energy Company Limited (ASX: WEC) announced Monday it has secured a 51% majority interest in the Specimen Hill Project, a copper and gold exploration site near Biloela in Queensland, after meeting the first-stage funding commitment under its Farm-In Agreement with Signature Gold Pty Ltd. The company spent over $1 million on exploration within…
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White Energy sells stake in Mountainside Coal Company
SYDNEY: White Energy Company Limited has sold their 51% equity in Mountainside Coal Company, based in Kentucky, USA. The sale to Kentucky based miner, Clay Laurel Mining Inc. is for a total consideration of US$4.053 million which equates to approximately AU$5.3 million. A US dollar deposit equivalent to AU$2.9 million has been placed in escrow…