20 Jan 2012 07:00
20 January 2012
Altona Energy Plc (AIM:ANR)
Completion of Placing
Altona Energy Plc ('Altona' or 'the Company'), the AIM listed energy company, today announces that it has entered into a conditional placing agreement with a high net worth Chinese investor for the placement of 20,000,000 ordinary shares ('the Placing Shares'), at 5.0 pence per share to raise gross proceeds of £1,000,000 ('the Placing'), which will provide additional working capital for the Company. The Placing Shares represent 4.63% of the current issued share capital of the Company and will rank pari passu with the Company's existing Ordinary Shares. The Company continues to review its long-term funding requirements, which may include the possibility of a further equity issue, and will update shareholders at an appropriate time.
The Placing is conditional, inter alia, on the receipt of funds by 20 February 2012, and the admission of the Placing Shares to trading on the AIM market of the London Stock Exchange ("AIM") by 29 February 2012. Upon receipt of the funds an application will be made for the admission of the Placing shares to trading on AIM and a further announcement will be made in due course.
Following the Placement of shares, the Company's total issued share capital will be 451,656,853 ordinary shares.
**ENDS**
For further information, please contact:
Altona Energy PlcChristopher Lambert, ChairmanChristopher Schrape, Managing Director Peter Fagiano, Executive Director |
+44 (0) 20 7024 8391
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Evolution Securities Ltd Neil Elliot |
+44 (0) 20 7071 4300 | |
Old Park Lane Capital Plc Michael Parnes Luca Tenuta |
+44 (0) 20 7493 8188 | |
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Newgate Threadneedle Laurence Read Beth Harris |
+44 (0)20 7653 9850 | |