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Severstal Resources Acquires PBS Coals Limited

Published: 11/07/2008

By John H. Craig

On November 7, 2008, through its mining division, Severstal Resources, Severstal completed the offer by 7027940 Canada Limited, an affiliate of Severstal, to purchase the outstanding common shares of PBS Coals Limited (formerly, Penfold Capital Acquisition Corporation).

John Craig (Securities, Mining and Mergers & Acquisitions) acted for the Lundin Family interests.