Atlantic Coal PLC Issue of Equity under SEDA facility (6696R)
October 29 2013 - 10:30AM
UK Regulatory
TIDMATC
RNS Number : 6696R
Atlantic Coal PLC
29 October 2013
Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining
Atlantic Coal plc ("Atlantic Coal" or the "Company")
SEDA drawdown
Atlantic Coal, the AIM listed anthracite coal mining company
operating in Pennsylvania, USA, announces that it has drawndown
GBP200,000 under its standby equity distribution agreement with YA
Global Master SPV Ltd (the "Agreement"), further details of which
were announced on 25 July 2013.
Under the terms of the Agreement, Atlantic Coal has issued
104,275,286 shares of 0.07 pence to YA Global Master SPV Ltd at a
price of GBP0.001918 per share (the "Shares") and an application
has been made to admit the Shares to trading on AIM which is
anticipated to take place on or around 4 November 2013.
Following the issue of the Shares the Company's issued share
capital will be 3,973,047,302 ordinary shares with voting rights.
The Company does not hold any ordinary shares in treasury.
Therefore the total number of ordinary shares in the Company with
voting rights will be 3,973,047,302.
The above figure 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 to
their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency
Rules.
**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
Elisabeth Cowell St Brides Media & Finance Tel: 020 7236 1177
Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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