23rd Dec 2015 09:05
LONDON (Alliance News) - Altona Energy PLC on Wednesday said it has raised GBP500,000 through a subscription exercised by Sino-Aus Energy Group Ltd.
The subscription covers 100.0 million Altona shares at 0.5 pence per share. Altona shares were down 4.3% to 0.622p.
Altona expects to receive the funds by mid-January.
Sino-Aus is one of the company's partners on the Arckaringa coal joint venture in Australia.
By Sam Unsted; [email protected]; @SamUAtAlliance
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