April 12 (Reuters) - Allegiance Coal Ltd (AHQ) :
- GLOBAL ENERGY AND RESOURCES LTD ACQUIRES STRATEGIC STAKE
- GLOBAL ENERGY AND RESOURCES TO INVEST A$15 MLM IN ALLEGIANCE VIA PRIVATE PLACEMENT
- ANNOUNCES A $15.5M PLACEMENT AT $0.09 PER SHARE
- GEAR AGREES TO PROVIDE FUNDING US$27M TO UNIT NEW ELK COAL FOR RECONSTRUCTION OF 27 MILE RAIL SPUR FROM BNSF'S MAIN RAIL LINE TO MINE