Offering proceeds expected to be used for additional working capital
By Devika Patel
Knoxville, Tenn., Jan. 20 - Altona Energy plc said it has negotiated a £1 million private placement of shares.
The company will sell 20 million ordinary shares at 5p each. The per-share price is a 7.06% discount to the Jan. 19 closing share price of 5.38p.
Proceeds will provide additional working capital.
The coal explorer is based in London.
| Issuer: | Altona Energy plc
|
| Issue: | Ordinary shares
|
| Amount: | £1 million
|
| Shares: | 20 million
|
| Price: | 5p
|
| Warrants: | No
|
| Pricing date: | Jan. 20
|
| Stock symbol: | London: AEX
|
| Stock price: | 5.38p at close Jan. 19
|
| Market capitalization: | £23.2 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
