Charles C. Ungurean signed an asset purchase agreement to acquire Buckingham Mine of Westmoreland Coal Company (OTCPK:WLBA.Q) for $1 million on December 21, 2018. Charles C. Ungurean will pay the consideration in cash at closing and will assume the assumed liabilities pursuant to instruments delivered at the closing. Charles C. Ungurean will be given an option to acquire Oxford Assets. The transaction is subject to the approval of Bankruptcy Court. The closing of the sale of the Buckingham Mine would take place on or prior to January 21, 2019. Kim Hicks, Dilen Kumar, Gregory Pesce and Stephen E. Hessler, P.C. of Kirkland & Ellis LLP acted as the legal advisors to Westmoreland Coal. Donald W. Hughes and Elliot M. Smith of Squire Patton Boggs (US) LLP acted as the legal advisors to Charles C. Ungurean. Charles C. Ungurean completed the acquisition of Buckingham Mine of Westmoreland Coal Company (OTCPK:WLBA.Q) on February 11, 2019.