2 November 2016
Atlantic Carbon Group Plc("ACG" or the "Company")
Results of subscription and exercise of warrantsAtlantic Carbon Group Plc is pleased to announce that the Company has successfully raised a total of £925,000 (before expenses) as a result of a subscription for 482,833,334 new ordinary shares of 0.07 pence each in the Company ("Shares") at a subscription price of 0.12 pence per Share (the "Subscription") and the exercise of 288,000,000 warrants (the "Warrants") in aggregate to subscribe for 288,000,000 new Shares in aggregate at an exercise price of 0.12 pence per Warrant ("Warrant Exercise") (together, the "Fundraising"). The new Shares issued pursuant to the Fundraising will rank pari passu in all respects with the existing Shares of the Company.
The net proceeds of the Fundraising will be used by the Company for working capital purposes.
Total Voting Rights
Following the issue of the Subscription Shares and exercise of the Warrants, the Company's issued ordinary share capital will consist of 6,259,371,839 ordinary shares, with one voting right each.
Enquiries:
Atlantic Carbon Group Plc | |
Adam Wilson, Chairman | 0191 386 6392 |
Daniel Stewart & Company plc | |
Peter Shea / Daphne Zhang | 020 7776 6550 |
Atlantic Coal plc published this content on 02 November 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 November 2016 22:19:10 UTC.
Original documenthttp://www.atlanticcoal.com/News/News/2016/ACG Announcement - Result of Subscription and exercise of warrants 2.11.16.pdf
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