Atlantic Coal Plc Raises £280,000 through Placing
Monday, August 10th, 2009
Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, has raised £280,000 through the placing of 42,750,000 new ordinary shares in the Company at a price of 0.66p per share.
Accordingly, application will be made for the admission of the New Ordinary Shares to trading on the AIM market. The New Ordinary Shares will rank pari passu with the existing ordinary shares of 0.07p each in the Company and dealings in the New Ordinary Shares are expected to commence on 13th August 2009.
The total number of ordinary shares in issue immediately following the placing will be 1,385,846,350. The Company holds no ordinary shares in treasury. Therefore, following the placing, the total number of voting rights in the Company will be 1,385,846,350. The above figure may be used by shareholders in determining whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
For further information visit: www.atlanticcoal.com