TIDMATC 
 
RNS Number : 6236R 
Atlantic Coal PLC 
01 May 2009 
 

Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining 
 
 
01 May 2009 
 
 
Atlantic Coal Plc (AIM: ATC) 
('Atlantic' or 'the Company') 
 
 
Issue of Equity 
 
Atlantic Coal plc, the AIM listed open cast coal production and processing 
company with activities in Pennsylvania, USA, advises that, following the 
announcement on 30th April 2009 stating that the Company had raised GBP500,000 
through the issue of 100,000,000 new ordinary shares, via a placing by HB 
Corporate Limited in conjunction with Fox-Davies Capital Limited ("the 
Placing"), that the new ordinary shares have now been issued and allotted. 
 
 
The new ordinary shares will rank in full for all dividends or other 
distributions hereafter declared, made or paid on the ordinary share capital of 
the Company and will rank pari passu in all other respects with all other 
ordinary shares in issue. 
 
 
Application has been made to the London Stock Exchange for the 100,000,000 new 
ordinary shares to be admitted to trading on AIM and it is expected that the new 
ordinary shares will be admitted to trading on or around 08 May 2009. 
 
 
The total number of ordinary shares in issue following the Placing will 
be 1,333,712,000. 
 
 
**Ends** 
For further information on the Company, visit: www.atlanticcoal.com or contact: 
 
 
+------------------------------+---------------------+------------------+ 
| Stephen Best / Greg Kuenzel  | Atlantic Coal plc   | Tel: 020 7182    | 
|                              |                     | 1747             | 
+------------------------------+---------------------+------------------+ 
| Rod Venables / James Reeve   | HB Corporate        | Tel: 020 7510    | 
|                              |                     | 8600             | 
+------------------------------+---------------------+------------------+ 
| Daniel Fox Davies            | Fox Davies Capital  | Tel 020 7936     | 
|                              |                     | 5230             | 
+------------------------------+---------------------+------------------+ 
| Hugo de Salis / Victoria     | St Brides Media &   | Tel: 020 7236    | 
| Thomas                       | Finance Ltd         | 1177             | 
+------------------------------+---------------------+------------------+ 
 
 
About the Company: 
 
 
Atlantic Coal owns and operates the Stockton Colliery which comprises an 
opencast anthracite mine and an adjacent anthracite washing plant. The mine is 
an established non-union surface mine encompassing circa 900 land acres in the 
Hazle Creek Valley, Pennsylvania and has an estimated proven reserve of 4 
million tonnes.  Mining of raw coal is from the high quality mammoth seam, while 
washing and sizing takes place in the 150 tonne per hour coal preparation plant. 
 J T Boyd Company, the Company's Competent Person, estimated that there is over 
10 years of mine life from existing reserves at an average production rate of 
400,000 Run of Mine ('ROM') tonnes per annum.  Based on historic production 
levels, the mine is capable of and is projected to produce approximately 450,000 
ROM tonnes of coal per year. Mining operations are conducted by the use of 
hydraulic excavators.Uncovered raw coal is then loaded into 100 tonne trucks for 
delivery to the onsite preparation plant. As each section of the mine is 
developed, mining progresses from the northern and southern faces into the 
basin. This yields a constant flow of raw coal to the preparation plant. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IOECKDKPQBKDFPK
Atlantic Coal (LSE:ATC)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Atlantic Coal Charts.
Atlantic Coal (LSE:ATC)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Atlantic Coal Charts.