23 Jun 2011 15:22
23 June 2011
Altona Energy Plc / Index: AIM / Epic: ANR / Sector: Exploration & Production
Altona Energy Plc (AIM:ANR)
Completion of Tongjiang Placing
Altona Energy Plc ('Altona' or 'the Company'), the AIM listed Australian based energy company, today announces the proposed admission ("Admission") to trading on the AIM market of the London Stock Exchange ("AIM") of the 10,204,081 ordinary shares placed to Tongjiang International Energy Co. Ltd ('Tongjiang') at 9.80 pence per share ("the Placing Shares"), pursuant to the placing agreement announced on 13 May 2011 ("the Placing Agreement"). Admission is expected to occur on 24 June 2011. The Company and Tongjiang agreed to extend the date for Admission of the Placing Shares under the Placing Agreement to 24 June 2011.
Following Admission, Tongjiang will have an interest in 86,704,081 ordinary shares of the Company, representing approximately 20.09% of Altona's enlarged issued share capital.
The total number of ordinary shares in issue following Admission will be 431,656,853.
**ENDS**
For further information, please contact:
Altona Energy PlcChristopher Lambert, ChairmanChristopher Schrape, Managing Director Peter Fagiano, Executive Director |
+44 (0) 20 7024 8391
|
Evolution Securities Ltd Tim Redfern Stuart Andrews |
+44 (0) 20 7071 4300 |
|
|
Threadneedle Communications Ltd Laurence Read Beth Harris |
+44 (0)20 7653 9850 |