ATC Atlantic Coal

TIDMATC

RNS Number : 1633N

Atlantic Coal PLC

30 August 2011

Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining

30 August 2011

Atlantic Coal plc ("Atlantic" or the "Company")

Gains Quotation on the OTCQX in New York

Atlantic Coal plc, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is pleased to announce that Atlantic shares will be admitted to trading, under the symbol 'ATCLY', on the OTCQX Market International platform of the Pink Sheets LLC ("OTCQX") in New York for the recently established sponsored unlisted American Depositary Receipt ("ADR") facility, for which BNY Mellon acts as depositary bank. The entire issued ordinary share capital will continue to trade on the AIM market in London, United Kingdom under the symbol ATC.

The Board believe that quotation on OTCQX will benefit existing shareholders by making its shares more accessible to US investors and providing Atlantic Coal with increased visibility within the country where its primary asset the Stockton Colliery ("Stockton"), a producing anthracite mine in Pennsylvania, is located. With production increasing at Stockton and improvements in financial performance as announced on 23 August 2011, the Board believes that the Company is now in a position to benefit from the listing, especially in relation to its defined growth strategy to increase its resource base through the acquisition of synergistic assets in the region.

Rodman and Renshaw, LLC will serve as Atlantic's Participating American Liaison on OTCQX, providing guidance on its requirements and assisting with the Company's capital and corporate access initiatives in the United States.

Atlantic Managing Director Steve Best said, "We are delighted to have an ADR programme and to be quoted on OTCQX market today which is a key milestone for Atlantic in building market awareness in the Company and expanding its shareholder base. We already have a strong presence in the prime anthracite coal field through the Stockton Colliery, which has a current reserve of 3.1 million tons of run of mine anthracitic coal and we are committed to increasing this, in what is a prime anthracite coal field. In line with this we have been evaluating various assets and the Board believes that quotation on OTCQX will assist and strengthen our position in this regard."

Investors can find current financial disclosure and real-time quotes for the Company on www.otcqx.com.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best         Atlantic Coal plc           Tel: 020 3328 5670 
 Nick Naylor        Allenby Capital Limited     Tel: 020 3328 5656 
 Alex Price         Allenby Capital Limited     Tel: 020 3328 5656 
 Peter Rose         FoxDavies                   Tel: 020 3463 5030 
 Simon Leathers     FoxDavies                   Tel: 020 3463 5010 
 Hugo de Salis      St Brides Media & Finance   Tel: 020 7236 1177 
                     Ltd 
 Elisabeth Cowell   St Brides Media & Finance   Tel: 020 7236 1177 
                     Ltd 
 

Notes

Atlantic Coal plc is an AIM listed coal production and processing company focussed predominantly on open cast mining and the processing of anthracite coal in Pennsylvania, USA. The Company's primary asset is the Stockton Colliery, a producing surface coal mine and adjacent anthracite preparation plant encompassing an area of approximately 900 hectares located in Hazel Creek in North-East Pennsylvania, which has current Proven Reserves of 3.2 million tons run-of-mine coal.

Atlantic's strategy is to create a significant mid-tier coal company; both through the expansion of activities at Stockton and identifying additional sites in Pennsylvania to build its production and resource profile, primarily by acquiring defined assets in stable, recognised, high quality coal regions. The Board has identified opportunities to expand within the region and is involved in ongoing negotiations regarding adjacent sites, with the intention of acting as a regional consolidator in the Pennsylvanian Coal Field. Expansion within the local area has the potential to minimise upfront deal costs as a result of existing and proven infrastructure, equipment, facilities and market demand.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Its OTC Link (TM) platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. OTC Markets categorizes the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB((R)) (the U.S. reporting company marketplace for development stage companies), and OTC Pink((TM)) (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

About BNY Mellon

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programmes, acting in partnership with leading companies from 67 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at www.bnymellon.com/dr.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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