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Takeover completed, Grande Cache to delist from TSX soon

By: Matthew Hill Calgary based Grande Cache Coal said on Thursday its C$1-billion acquisition by Hong Kong-listed and Japan’s Marubeni Corporation had closed. The company, which owns coal mines in west-central Alberta, said its shares would be delisted from the TSX “shortly”. 

Grande Cache gets Ottawa's nod for sale

By: Matthew Hill Canada’s Ministry of Industry has cleared the proposed C$1-billion buyout of Grande Cache Coal, which owns mines in Alberta, by a Chinese and Japanese consortium, the TSX-listed company said on Wednesday. Under the Investment Canada Act, Ottowa has to determine a deal will be of “net benefit” to... 

Grande Cache says C$1bn buyout still on

By: Matthew Hill TSX-listed Grande Cache Coal said on Thursday it had “no reason to believe” that a report alleging fraud at the Hong Kong-listed firm which agreed to buy it had merit. Calgary-based Grande Cache added it was still working with acquirers Winsway Coking Coal and Marubeni Corporation, with the... 

Grande Cache managers face insider trading allegations

By: Matthew Hill Certain directors and former officers of Grande Cache Coal, which on October 31 became the subject of a $1-billion bid, are due to appear in an insider trading hearing, the Alberta Securities Commission (ASC) said on Thursday. The watchdog alleges that CEO Robert Stan, former CFO Anita Roncin,... 

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