- Australian Pacific Coal (AQC) has received an offer of just over $33 million for its Trepang property
- The offer from Trepang Services is for both the property and water rights but would still allow AQC access to the property for operating it Dartbrook Coal project
- The offer has made by Trepang on the basis that proceeds will used to repay a roughly $89.9 million debt that AQC owes to Trepang and its associates
- AQC has until June 30 to accept the offer before it lapses
- Under the agreement, AQC will still be able to access the sold properties and a term transfer of relevant water rights for the purposes of operating its Dartbrook Coal project
- Australian Pacific Coal last traded at 13.5 cents
