George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAltona Energy Regulatory News (ANR)

  • There is currently no data for ANR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Placing

23 Nov 2017 07:00

Altona Energy Plc - Placing

Altona Energy Plc - Placing

PR Newswire

London, November 22

23 November 2017

Altona Energy plc

(“Altona” or “the Company”)

Placing to Raise £735,000

The Board of Altona (AIM: ANR) is pleased to announce that it has raised £735,000 before expenses through a placing of 147,000,000 new ordinary shares (“Placing Shares”) at an issue price of 0.5p per share (the “Placing”). 

The net proceeds of the Placing will primarily be used for further exploration that the Company expects to be identified by the recently commissioned report by Runge Pincock Minarco Global.

Details of the Placing

The Placing Shares will rank pari passu with the existing ordinary shares. An application has been made for the Placing Shares to be admitted to trading on AIM which is expected to occur on 28 November 2017 (“Admission”).

Director’s participation in the Placing

Nick Lyth and Philip Sutherland, who are both directors of the Company, are participating in the Placing subscribing for 4,000,000 and 2,000,000 ordinary shares respectively.

Participation by Substantial Shareholders

Eaton Equities Limited (“Eaton”) and Leon Hogan have each subscribed for 5,000,000 ordinary shares each in the Placing. Following the issue of the Placing Shares they will hold 13.8 per cent. each of the issued share capital. As both Eaton and Leon Hogan are substantial shareholders in the Company their participation in the Placing is deemed a related party transaction under the AIM Rules. The Directors of the Company consider, having consulted with the Company's nominated adviser, Northland Capital Partners Limited, that the participation in the Placing of Eaton and Leon Hogan is fair and reasonable insofar as the Company's shareholders are concerned.

Qinfu Zhang, Executive Chairman of Altona, commented, "We are pleased to have raised this level of new funding with this oversubscribed placing. This will strengthen our balance sheet and provide the necessary capital to ensure that we execute the early stages of our strategy and move the Company towards being operational. In addition to being able to execute further exploratory work, the placing provides sufficient working capital for Altona for 12 months.”

Total Voting Rights

Following Admission, the Company’s enlarged issued share capital will comprise 1,558,956,853 ordinary shares with voting rights. The Company has no shares held in Treasury. This figure of 1,558,956,853 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA’s Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1Details of the person discharging managerial responsibilities/person closely associated
a)NameNick Lyth
2Reason for the notification
a)Position/statusNon-Executive Director
b)Initial notification /AmendmentInitial Notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameAltona Energy Plc
b)Legal Entity Identifier2138002A5GU9BFS2I491
4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)Description of the financial instrument, type of instrument Identification codeOrdinary shares of 0.01 pence each GB00B06GJT32
b)Nature of the transactionPurchase of shares
c)CurrencyGBP
d)Price(s) and volume(s)Price(s)Volume(s)
0.5p4,000,000
e)Aggregated information - Aggregated volume - Price - Aggregated total 0.5p £20,000
f)Date of the transaction22 November 2017
g)Place of the transactionLondon Stock Exchange, AIM

1Details of the person discharging managerial responsibilities/person closely associated
a)NamePhil Sutherland
2Reason for the notification
a)Position/statusNon-Executive Director
b)Initial notification /AmendmentInitial Notification
3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)NameAltona Energy Plc
b)Legal Entity Identifier2138002A5GU9BFS2I491
4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)Description of the financial instrument, type of instrument Identification codeOrdinary shares of 0.01 pence each GB00B06GJT32
b)Nature of the transactionPurchase of shares
c)CurrencyGBP
d)Price(s) and volume(s)Price(s)Volume(s)
0.5p2,000,000
e)Aggregated information - Aggregated volume - Price - Aggregated total 0.5p £10,000
f)Date of the transaction22 November 2017
g)Place of the transactionLondon Stock Exchange, AIM

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

-ends-

For further information, please visit www.altonaenergy.com or contact:

Enquiries

Leander (Financial PR) Christian Taylor- Wilkinson+44 (0)7795 168 157
Northland Capital Partners Ltd (Nomad and Broker) Matthew Johnson / Gerry Beaney (Corporate Finance) John Howes (Corporate Broking) +44 (0)20 3861 6625
Date   Source Headline
1st Mar 20196:00 pmRNSAltona Energy
1st Mar 20197:00 amPRNBusiness Update and Non-Executive Appointment
1st Feb 20197:30 amRNSSuspension - Altona Energy Plc
1st Feb 20197:00 amPRNAdmission to NEX Exchange
28th Jan 201912:56 pmPRNCorrection: Application for Admission to NEX Exchange
28th Jan 20197:00 amPRNApplication for Admission to NEX Exchange
25th Jan 20194:40 pmRNSSecond Price Monitoring Extn
25th Jan 20194:35 pmRNSPrice Monitoring Extension
25th Jan 201912:37 pmRNSResult of AGM and Directorate Changes
24th Jan 20194:50 pmRNSDirectorate Change
24th Jan 20192:41 pmRNSDirectorate Change
16th Jan 20199:59 amRNSDirector/PDMR Shareholding
16th Jan 20199:08 amRNSHolding(s) in Company
16th Jan 20197:00 amRNSNominated Adviser Status Update
15th Jan 20198:55 amRNSDirector/PDMR Shareholding
14th Jan 20194:40 pmRNSSecond Price Monitoring Extn
14th Jan 20194:35 pmRNSPrice Monitoring Extension
14th Jan 20191:48 pmRNSResult of General Meeting
11th Jan 20197:00 amRNSConditional Subscriptions for Convertible Notes
4th Jan 201910:02 amRNSAmendment to Final Results
31st Dec 201810:20 amRNSPublication of Annual Report and AGM Notice
28th Dec 20184:02 pmRNSFinal Results
19th Dec 20181:45 pmRNSNotice of GM - Clarification
14th Dec 20182:49 pmRNSNotice of GM
14th Dec 20187:00 amRNSPyrolysis Update
5th Dec 201812:57 pmRNSShareholder Requisition Notice
29th Nov 20187:00 amRNSDirectorate Changes and Company Update
2nd Nov 20187:00 amRNSNomad Status
17th Oct 201812:07 pmRNSResult of General Meeting
11th Oct 20183:37 pmRNSWithdrawal of Change of Name Resolution
2nd Oct 20187:00 amRNSProposed Capital Re-organisation and Notice of GM
20th Sep 20182:05 pmRNSSecond Price Monitoring Extn
20th Sep 20182:00 pmRNSPrice Monitoring Extension
14th Sep 20183:00 pmRNSDrilling Programme Update
28th Aug 20187:00 amRNSPyrolysis Licence Agreement
9th Aug 20187:00 amRNSDirector Appointment
17th Jul 20187:00 amRNSDrilling Approvals Update & Potential Pyrolysis JV
5th Jun 20187:00 amRNSMOU regarding Pyrolysis Technology
18th May 20187:00 amRNSInitial Drilling Programme Update
24th Apr 20187:00 amRNSUpdate on meetings in Australia
29th Mar 20187:00 amRNSHalf-year Report
20th Mar 20187:00 amPRNDrilling Programme
27th Feb 20188:43 amPRNRenewal of Exploration Licences
26th Feb 20187:00 amPRNAppointment of Consulting Geologist
2nd Feb 20187:00 amPRNMoU with Joint Venture Partners
1st Feb 20187:00 amPRNBusiness Update
10th Jan 201812:34 pmRNSResult of AGM
10th Jan 20187:00 amPRNWestfield Coal Report
19th Dec 20177:00 amPRNFinal Results
30th Nov 20177:00 amPRNAckaringa Report Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.