BRIEF-EastCoal enters into share purchase agreements with Austrian based co

Jan 16 (Reuters) - EastCoal Inc ECX.V :

* Says entered into share purchase agreements with an austrian based company,

efi holding gmbh

* Efi will acquire all of the company's 0.1% shareholding and all of its unit

gramsico's 99.9% shareholding in east coal company llc

* Deal for an aggregate cash consideration of $499,000

* Source text for Eikon News Search ID:nMKWN2QlTa

* Further company coverage ECX.V ((Bangalore Newsroom; +1 646 223 8780))