Allegiance Coal Limited (ASX:AHQ) acquired remaining 10.1% stake in Telkwa Coal Ltd. from ITOCHU Corporation (TSE:8001) on December 2, 2022. ITOCHU has sold its shares in TCL to Allegiance for a non-material consideration. As a result of this transaction, Itochu's marketing rights to the TCL coal is terminated. The amount loaned by Itochu to TCL amounting to CAD 0.5 million will now fall to be repaid by 30 June 2023.

Allegiance Coal Limited (ASX:AHQ) completed the acquisition of remaining 10.1% stake in Telkwa Coal Ltd. from ITOCHU Corporation (TSE:8001) on December 2, 2022.