Celsius CoalLtd. said April 29 that it will sell its wholly owned unitView Nickel Pty. Ltd.to Bearcat Resources Pty. Ltd. for A$1.00.
The agreement is conditional on Celsius' successfulacquisition of theissued shares in the Australia-based sports betting platform Favourit GlobalPty. Ltd.
In October 2015, Celsius Coal entered into an agreement tochange its business and said it will re-evaluate its projects in the comingmonths to look for a strategic partner or divestment.