PNL Share Price History
26 Nov, 2019
NEW YORK, NY / ACCESSWIRE / November 26, 2019 / Paringa Resources Limited ("Paringa" or "Company") (NASDAQ:PNRL, ASX:PNL) is pleased to advise, further to its announcement on September 18, 2019, that it has granted a royalty over the Company's Buck Creek Mining Complex to SP2 Royalty Co, LLC (an entity of which certain funds advised by Tribeca Global Resources Credit Pty Limited ("Tribeca") are members) to raise US$9.0 million (before costs) ("Royalty Financing"). Proceeds from the Royalty Financing have been received and will be used to fund Poplar Grove's mine ramp-up to positive cashflow. The Company has also executed an amendment to the Term Loan Facility ("TLF") with Tribeca (as agent) ("Term Loan Amendment") to, amongst other things, resize the second tranche of the TLF from US$16.0 million to US$10.0 million (Unit 3 capex is projected to be US$5.9 million), and to ensure that the previously announced termination of the Company's supply agreement with Big Rivers Electric Corporation and issues arising from a funding gap do not result in any events of default under the TLF.
30 Oct, 2019
NEW YORK, NY / ACCESSWIRE / October 30, 2019 / Paringa Resources Limited ("Paringa" or "Company") (NASDAQ:PNRL) (ASX:PNL) is pleased to present its quarterly report for the period ending ...
08 Oct, 2019
NEW YORK, NY / ACCESSWIRE / October 7, 2019 / Paringa Resources Limited ("Paringa" or "Company") (PNRL)(PNL.AX) is pleased to provide an update on activities at the Poplar Grove mine in western Kentucky. Paringa continued to ramp up shipping of coal to customers during the September quarter, with approximately 136Kt of product barged from the Company's dock on the Green River, up from approximately 26Kt shipped during the June quarter. September quarter coal sales equate to revenues of approximately US$5.7M for the quarter (US$23M on an annualised basis).
24 Sep, 2019
Paringa has commenced shipping coal to its second customer OVEC-IKEC, with coal procured by AEP on behalf of OVEC-IKEC AEP is OVEC-IKEC's major shareholder and one of the largest electric energy companies ...
17 Sep, 2019
NEW YORK, NY / ACCESSWIRE / September 16, 2019 / Paringa Resources Limited (“Paringa” or “Company”) (NASDAQ:PNRL)(ASX:PNL) is pleased to announce the appointment of Mr. Jim Middleton as Executive Advisor ...
20 Aug, 2019
Paringa has received regulatory approval for an extended cut plan for the first mining unit (“Unit 1”) at Poplar Grove The extended cut plan enables the Unit 1 continuous miners (“CMs”) to increase the ...