Linc jumps on Chinese UCG to GTL deal

AFTER months of negotiations, Linc Energy has inked a deal to form a joint venture with Golden Concord Holdings to commercialise underground coal gasification to gas-to-liquids in China.

Linc jumps on Chinese UCG to GTL deal 
Linc jumps on Chinese UCG to GTL deal 
Linc jumps on Chinese UCG to GTL deal 
Linc jumps on Chinese UCG to GTL deal 
Linc jumps on Chinese UCG to GTL deal

As part of the deal, Golden Concord's subsidiary GCL Projects will take a 5% stake in Linc through an $A120 million private placement at $4.50 per share, valuing Linc at about $2.3 billion.

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