TORONTO, ONTARIO – Newsfile - October 5, 2022: Buffalo Coal Corp. (TSXV: BUF) advises its shareholders that its wholly-owned subsidiary, Buffalo Coal Dundee Proprietary Limited (“BCD”) concluded a tri-partite agreement with Investec Bank Limited (“Investec”) and Belvedere Resources DMCC (“Belvedere"), pursuant to which:
About Buffalo Coal
Buffalo is a coal producer in South Africa. It holds a majority interest in two operating mines through its 100% interest in BCD, a South African company which has a 70% interest in Zinoju Coal Proprietary Limited (“Zinoju”). Zinoju holds a 100% interest in the Magdalena bituminous mine, the Aviemore East anthracite mine and the Balgray and North Adit anthracite projects in South Africa. Buffalo Coal has an experienced coal-focused Board and Management team.
The Company has its primary listing on the TSX Venture Exchange and has a secondary listing on the Alternative Exchange, operated by the JSE Limited.
Forward-Looking Statements
This press release may contain forward looking information within the meaning of applicable securities legislation, which reflects the Company’s current expectations regarding future events. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward looking information. The Company does not undertake any obligation to update such forward looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ms Emma Oosthhuizen
Chief Executive Officer
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Registered office:
Greytown Road
Industrial Area
Dundee
Kwazulu-Natal
3000
October 5, 2022