("Altona" or the "Company")
Update on Convertible Loan Note
Altona (NEX: ANR.PL), a mining investment company with significant coal resources in
Sino-Aus has reported that the conditions set by the Chinese government to grant such a permit, have tightened in the past 18 months, but that it is willing to reapply for the permit at a later date, as it remains a strong supporter of Altona’s strategy.
In the meantime, the Company is considering a number of alternative funding options to provide it with the capital it needs to execute its 2019 business objectives, including its mining assets is
-ends-
For further information, please visit www.altonaenergy.com or contact:
Altona Energy plc Qinfu Zhang , Executive Director +44 (0) 7795 168 157Alfred 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
Company Information
Altona is an exploration company focused on the evaluation and development of its significant coal resource exceeding 7 billion tonnes (1.3 billion tonnes historic JORC compliant) in the northern portion of the
The Company was admitted to trading on AIM on
