Altona Energy Share Discussion Threads

[liquid millionaire] 25/1/2016 07:55

Great news!

[liquid millionaire] 25/1/2016 07:53

25 January 2016

Altona Energy plc

("Altona" or "the Company")

Subscription Update and Joint Venture Contribution

Altona (AIM: ANR) is pleased to announce that, further to the announcement of 18 January 2016, the subscription funds of GBP0.5 million due from Sino-Aus Energy Group Limited ("Sino-Aus") have been received by the Company. Consequently Altona will now issue Sino-Aus with 100 million ordinary shares in the Company at a price of 0.5 pence per share ("New Ordinary Shares") representing 11.2 per cent. of the enlarged share capital.

The Company also announces that its joint venture partner, Wintask Group Limited ("Wintask"), has made a contribution of AUD$0.6 million into the joint venture company, Arckaringa Coal Chemical Joint Venture Co Pty Ltd, thereby completing its first tranche payment in accordance with the Deed of Variation, announced on 5 November 2015.

Altona will update the market when the first tranche contribution of AUD$5.4 million is received from Sino-Aus into the joint venture company.

Application has been made to the London Stock Exchange for the New Ordinary Shares, which will rank pari passu with the existing shares in issue, to be admitted to trading on AIM, and admission is expected to become effective on 28 January 2016.

Total Voting Rights

The Company's total issued share capital after the admission of the New Ordinary Shares will be 891,956,853 ordinary shares with each share carrying the right to one vote. This figure of 891,956,853 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

-ends-

For further information, please visit www.altonaenergy.com

[p0pper] 25/1/2016 07:08

Good news, looks like we're up and running then.

[mogwhy] 24/1/2016 20:59

Thanks cupra, that's put my mind at rest.

[cupra] 24/1/2016 18:15

A quick look on google and the answer is Phillip George Sutherland

[mogwhy] 24/1/2016 11:52

Do any of the serious investors here know who this house belongs to?



Seems a bit odd for a licence holders registered address.

[newkid] 18/1/2016 18:00

Will be interesting to see what happens next. The creditability of our two investors depends on those payments. No payment = No Altona.

[fozdad] 18/1/2016 08:06

Very odd, they managed to make their contribution a year ago (and take it back again) so it would be reasonable to assume the arrangements were already in place

[liquid millionaire] 11/1/2016 14:25

You tell 'em!

[cheekyfella] 11/1/2016 13:44

there is no delay

[mcamikeb] 11/1/2016 10:17

This may go some way to explain the delay in Sino-Aus subscribing for the first tranche of shares.

[pembury] 11/1/2016 09:28

own up who bought 1m at 0.75p?

[newkid] 08/1/2016 17:15

Lets hope so cheeky. I was however looking at Altona as my pension. However I am going to have to wait before I can sit back and relax.

[cheekyfella] 08/1/2016 11:26

If you live a long and healthy life NewKid, one day you will prosper from your investment in ANR.

[cheekyfella] 05/1/2016 13:32

Getting ready for the next leg up - more news regarding the payment imminent

[guyswonga74] 03/1/2016 07:34

Happy new year everyone. Quiet on here last few days. Off topic did anyone see the amazing RNS from CLP on New Year's Eve plus the huge delayed buy at 0.95p. Also have a few WRES but do your own research

[liquid millionaire] 23/12/2015 07:42

Altona Energy Plc
("Altona" or "the Company")


Notification of Subscription by Sino-Aus

Altona (AIM: ANR) is pleased to announce that further to the notification of 16 December Sino-Aus Energy Group Limited has delivered an executed subscription letter to the Company in respect of 100 million ordinary shares in the Company at a price of 0.5 pence per share, raising £500,000 for Altona. The funds are expected to be received by the Company in mid-January 2016 at which point an application to admit these shares to trading will be made and the Company will make a further announcement.

[simon_64] 18/12/2015 17:48

Picked up a million of these today after the director buy, if they get the cash next month as is suggested by the director buy, we will be multiples of todays share price GLA!

[pembury] 18/12/2015 15:42

bucking the trend while everything is tanking especially commodities

[tidy 2] 18/12/2015 15:14

Altona Energy PLC Director DealingSource: UK Regulatory (RNS & others)TIDMANRRNS Number : 6181JAltona Energy PLC18 December 2015Altona Energy plc("Altona" or "the Company")Director DealingThe Company announces it has been notified by Nick Lyth, a Non-executive Director of Altona, that, on 17 December 2015, he purchased 1.3 million ordinary shares in the Company at an average price of 0.718p per share. This is Mr Lyth's only holding of Altona shares and represents 0.16 per cent. of the issued share capital.

[short6] 18/12/2015 15:07

Always a good sign to see a director buy. Shows he's confident.