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Hallador Energy agrees to purchase Vectren's coal assets

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02 July 2014

Hallador Energy agrees to purchase Vectren's coal assets

Report summary

Hallador announced 1 July 2014 that it has arranged to purchase the Prosperity, Oaktown No. 1 and Oaktown No. 2 coal mines of Vectren Fuels for US$296 million.  Hallador also agreed to pay working capital adjustments estimated at an additional US$20 million.

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