Clay Laurel Mining Inc agreed to acquire 51% equity in Mountainside Coal Company, Inc. from White Energy Company Limited (ASX:WEC) for $4 million on March 31, 2021. On completion, A US dollar deposit equivalent to AUD 2.9 million ($2.21 million) has been placed in escrow for release on completion. The remaining consideration will be paid in installments from May to December 2021. The transaction is expected to be completed on or around April 15, 2021. Clay Laurel Mining Inc completed the acquisition of 51% equity in Mountainside Coal Company, Inc. from White Energy Company Limited (ASX:WEC) on April 15, 2021.