Jump to content

Energy transactions


Recommended Posts

Fairfax increases stake in SD to 32.7mln shares (12/31/12)



Fairfax purchases loan with warrants to Columbia Energy Resources (1/18/13)

"On January 18, 2013, Odyssey Reinsurance Company ("Odyssey"), a subsidiary of Fairfax Financial Holdings Limited ("Fairfax"), purchased $105,000 aggregate principal amount of the Issuer's 15% secured promissory notes due January 18, 2014 and warrants (the "Warrants") to purchase 8,381,725 shares of the Common Stock of the Issuer for cash consideration of $100,000. The Warrants may be exercised at any time, in whole or in part, at an exercise price of $0.01 per share of Common Stock."



From their website:

"Colombia Energy Resources, Inc. (“CERX”) is a metallurgical coal exploration and mining company operating in the Republic of Colombia, South America.  We are building an integrated coal resource and processing company to extract and process high-value coal products for export. We have acquired coal deposits, are operating and building met coal mines and coke plants, and plan to become a leading consolidator in the Colombian met coal market.


We control four deposits with ten coal mining concessions covering almost 12,000 hectares (~29,600 acres). Preliminary geological analysis suggests low and mid-volatility hard coking coal in our core seams.1 We have active mining operations at our “Ruku” mining complex and an extensive exploration program underway on core properties to delineate resources and facilitate mine planning.1 We also plan to acquire additional concessions and mining operations and are evaluating several additional properties in Boyacá, Cundinamarca, Santander and Norte Santander.


We operate in Colombia through our wholly-owned subsidiary Colombia Clean Power S.A.S."


Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Create New...