CCU Coal and Construction, LLC entered into an asset purchase agreement to acquire Oxford Assets Of Westmoreland Resource Partners, LP (OTCPK:WMLP.Q), Oxford Mining Company, LLC, Daron Coal Company, LLC, Oxford Mining Company-Kentucky, LLC, Harrison Resources, LLC and Oxford Conesville, LLC (sellers) on February 1, 2019. The consideration includes assumption of liabilities and an adjustment of working capital. CCU Coal and Construction, LLC shall make a deposit of $0.75 million to Westmoreland Resource Partners, LP (OTCPK:WMLP.Q) which can either be refunded or retained depending upon consummation or termination of the transaction. If the transaction is terminated, Westmoreland Resource Partners, LP shall pay a termination fee of $0.25 million to CCU Coal and Construction, LLC. The transaction shall stand terminated if Bankruptcy Court enters an order approving a competing transaction. On February 1, 2019, Westmoreland Resource Partners, LP (OTCPK:WMLP.Q) conducted an auction with respect to the sale and CCU Coal and Construction, LLC was the prevailing bidder. On February 5, 2019, the Bankruptcy Court entered an order approving the sale of the Oxford Assets pursuant to the Asset Purchase Agreement. Bankruptcy Court and Sellers can look for competing bids till the time auction contemplated by bidding procedures is completed. The consummation of the transaction is subject to customary closing conditions. Lazard Freres & Co. LLC acted as financial advisor to the sellers. Heather Lennox of Jones Day acted as legal advisor to Westmoreland Resources Partners, LP. Donald W. Hughes and Elliot M. Smith of Squire Patton Boggs (US) LLP acted as legal advisor to CCU Coal and Construction, LLC .