("Altona" or “the Company")
Altona (NEX: ANR.PL), a coal exploration company with a focus on in-situ gasification, announces that it plans to issue its Annual Accounts for the year ended
The Company will look to shortly provide an update as to the proposed acquisition of the new Petroleum Exploration Licence Application (“PELA”), as first announced on
The Board has also agreed the immediate need for a fundraise to finance ongoing costs, allow it to acquire the new exploration licence and fund the preliminary exploration stages to confirm coal deposits suitable for the in-situ gasification process. Shareholders will be invited to participate in this fundraise and documents to this effect will be posted out in the next two weeks.
For further information, please visit www.altonaenergy.com or contact:
Altona Energy plc Qinfu Zhang, Executive Director +44 (0) 7795 168 157 Philip Sutherland, Non-Executive Director +61 (0)402 440 339 Alfred Henry Corporate Finance Ltd(NEX Corporate Adviser) Jon Isaacs/ Nick Michaels+44 (0) 20 3772 0021 Leander (Financial PR) Christian Taylor- Wilkinson +44 (0) 7795 168 157
Altona is an exploration company focused on the evaluation, development and extraction of coal assets in
The Company was admitted to trading on AIM on