ATLANTIC COAL PLC 
By
RNS Number : 1779V Atlantic Coal PLC
09 January 2012
Atlantic Coal plc/Index: AIM/Epic: ATC/Sector: Mining
US Index: OTCQX/ Symbol: ATCLY
9 January 2012
Atlantic Coal plc, the AIM listed open cast coal production
and processing company with activities in Pennsylvania, USA,
is pleased to announce that the Board of Reading Anthracite
Company ("RAC") has approved the lease option
agreement (the "Lease Option") over the fully
permitted 410 acre Pott
& Bannon anthracite mining property in New Castle Township,
Schuylkill County, Pennsylvania (the "Property").
As a result the US$250,000 payment made to RAC in order to
secure its entry into the Lease Option has been released to
RAC unconditionally.
Additionally Atlantic Coal announces that as part of the due
diligence process it has appointed John T. Boyd & Company, a
qualified person within the meaning of the AIM Rules for
Companies, to confirm the resource information provided to
the Company, further details of which are contained in the
Company's announcement made on 3 January 2012. The
Company intends to submit the permit transfer application
shortly and further updates regarding the Lease Option will
be made at the appropriate time.
For further information on the Company, visit: www.atlanticcoal.comor 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 |
Peter Rose | Fox-Davies Capital Limited | Tel: | 020 3463 5030 |
Simon Leathers | Fox-Davies Capital Limited | Tel: | 020 3463 5010 |
Hugo de Salis St Brides Media & Finance
Limited
Elisabeth Cowell St Brides Media & Finance
Limited
Tel: 020 7236 1177
Tel: 020 7236 1177
Richard E. Cooper
Jennifer K.
Zimmons
Cooper Global
Communications
Cooper Global
Communications
Tel: +1 (212) 209
7360
Tel: +1 (212) 209
7360
This information is provided by RNS
The company news service from the London Stock Exchange
END
| distribué par | Ce noodl a été diffusé par Atlantic Coal plc et initialement mise en ligne sur le site http://www.atlanticcoal.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-09 09:25:49 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
| Documents associés | |
| Update on option to lease an anthracite property |
