CIC Energy Corp further extended the closing date for its acquisition by Indian firm JSW Energy Ltd by two and a half months, as the Canadian coal miner attempts to deal with an arbitration notice filed by its partner in a power project in Botswana. The deal closing, which was earlier extended till March 15, is now extended to May 31, CIC Energy said in a statement. Last month, CIC's partner in the Mookane Domestic Power Project in Botswana, GCL Botswana, had filed a notice of arbitration over a power purchase and a coal supply agreement, which kept the miner from completing its deal with JSW on Feb 28 as originally scheduled.
Source
