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<br />r~ £t]%~!'.(iJ ':'. :'.;a ~J, L.t .. ..,~~.~~[•. J; °, :. •s:r ~h l~+, ~:n; V4 •:i y - ,.'.
<br />,',:ByW.RlGrace• ::.:c .;.. ~ ,. , .;.:.~; ^.c',approrimately'$20 million7Sube
<br />,~ c.y;W:R. Grace'&yCo. and.the Kennecott 'tbeconclusioaof.thefviancirig~K
<br />i_Corporetion today jointly.amouncedithat,;; affiliete;will•make a. cash~?iuvei
<br />' they had agreed.on the, principal~;terute of_-•.,$13;million and become general 1
<br />~,ahe:sele of.avbstantiallv:all of:.Grace's'>Colowvo:;::.i. r::*,:r.e •1'I`j'h*'C:
<br />(, WLCIC64 III, IiVIV''yV 14V61.VVW}IaL~'.,W, Wl"r•;; WunV11~L116YlVLL v. ua a..
<br />,affiliateotKennecolt;.,:-. ,,., •....;_,., ;,'Jett,to;fineliiation'ot~doc`um'ent
<br />_,:,,The transacfion ie subjecE,to successful,. ,obteiniug. neceeeeg`y ~'coase
<br />completion of p~opoeed non-recou[se (non,` epprovale. Tlie, trapsectibri•je;=e~
<br />;i return) fmanciug,eecured bey a portion of close iri the:eewndquahec`;ij~;
<br />it~e revenue stream fitim certain long-term Urace,preeident and lcbief'i
<br />coal contract. '. ': ~ . 'Officerff: P: Bolduc silifl; ?When i
<br />' 'u,. ,,~ ,.. ..,. .. ,, i.. ,., , I'
<br />,,. ~Grece would receive the, praceeda ot~the .this t%aneaetiou will be thel fm
<br />',fin,eating, wliich;if'eetimates.at $220 mil=';Grace'e~diveetitiire of, ite~form
<br />'lion,,;end.will retain°e'limited pailnecship''•-businehs, ehd'represeufalfuithe.
<br />ry'iutereat in Colotvyo entitling it to share in "=iii the fulfillment' of G;ace"e eti~e
<br />"proceeds 'of certain'coel contracts and an .to divest its non-sere bueioe-gees
<br />"'iotereat',in certain receivables valued at' :onapecialtyclienucale,endhealtt
<br />r. .
<br />- ~L::: 1gti :: i{ .il ?: .L q,s:, ~.y., ~ fl: •; .~ i
<br />... .
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<br />in.
<br />' Please see COAL on
<br />
<br />y.r.Coiitiinied fiom'page 1: ~'; . ' ; ~ =.;t~= '::
<br />:'' Present leased`ieaerves inelade'approi3uiaet~lja
<br />'~ lion tang'dhcbal;~rspable of•sustauilng~th~e~presei
<br />~~. duction=rate for'moro-then 40 years. Of siicli":iel
<br />~•' appiogtrtately:66 million tone are committed pu
<br />,~ to long=term contracFa......: ..
<br />`r':y~! ~;I,est;y'eaT, Kenngcott affilietas acquired Nero
<br />d h'which,•through:subeidieries, owped and:idp'eiati
<br />".: T''• 'Amlelope.end Spring Creek Mines in the ,P6w;ier
<br />:~eBsein'of Wyomiag'and Montepe; end:elso`aay_ it
<br />~'t~ Cordero Minirig~ComPeny;;whicb'owns;end-pop
<br />"' -the Cardeio Mine in.R'yoming. With the~acquisil
<br />~~~Colowyo, the combined~ibal produetion;ofReq
<br />z;~ `Ehergy will lie,in eicese of 40 milli6a'tona.~er
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