Altona Energy Regulatory News (ANR)

18 Nov 2005 16:55

Altona Resources PLC18 November 2005 Altona Resources Plc ("Altona" or "The Company") Altona Resources Plc Completes Acquisition of Arckaringa Coal Project in South Australia Altona Resources Plc (AIM:ANR) announces that further to the announcement of 10October 2005, the Company has now completed the acquisition of the ArckaringaCoal Project. The Company has issued 30 million ordinary shares in respect of the acquisitionof the Arckaringa Coal Project, as follows: Name Number of % of Enlarged Ordinary Shares Share Capital Norman Lee Kennedy 8,856,346 3.85%Rebecca Ann Holland-Kennedy 8,856,347 3.85%Bentley Solutions Ltd 12,287,307 5.34%Total 30,000,000 13.04% Norman Lee Kennedy and Rebecca Ann Holland-Kennedy are nominees of RankGeological Services Pty Ltd. Application will be made for the 30 million shares to be admitted to trading onAIM, which is expected to take place on 25 November 2005 ("Date Admitted"). Theshares issued to Norman Lee Kennedy and Rebecca Ann Holland-Kennedy are subjectto lock-in arrangements for a period of 12 months from the Date Admitted. Theshares issued to Bentley Solutions Ltd are subject to lock-in arrangements for aperiod of 6 months from the Date Admitted and an orderly-market arrangement fora further 6 months. Following the issue of the above shares, the enlarged issued share capital ofthe Company is 230,000,000 ordinary fully paid shares. Notes to Editors: The Arckaringa Coal Project comprises the 100% interest in three explorationlicences in South Australia, which have a combined total JORC compliant resourceof over 7 billion tonnes of sub bituminous Permian coal, amenable to open pitmining, and suitable as fuel for power generation and potential application of "coal to oil" technology. The three exploration licences, EL3360, EL3361, andEL3362 ("the Licences"), cover a combined area of approximately 2,500 squarekilometres in the northern portion of the Permian Arckaringa Basin in SouthAustralia. The Licences include three coal deposits, known as the WestfieldDeposit (EL3360), the Wintinna Deposit (EL3361), and the Murloocoppie Deposit(EL3362), which are located in close proximity to the recently completedAdelaide to Darwin railroad, facilitating improved economic potential for coalexports. The acquisition of the Arckaringa Coal Project includes extensive data inrespect of the Licences, with the areas covered by the Licences having hadhistorical exploration expenditure estimated to be in excess of AUD $10 million(GBP £4.3 million). -ends- For further information please contact: Altona Resources Plc Nabarro Wells & Co Limited Parkgreen CommunicationsChristopher Lambert, Hugh Oram Justine HowarthChairman Director Director+44 (0) 20 7016 9464 +44 (0) 20 7710 7400 +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange