16th Aug 2006 08:27
Altona Resources PLC16 August 2006 16th August 2006 Altona Resources Plc ("Altona" and "the Company") ISSUE OF WARRANTS Altona Resources plc (AIM: ANR) announces it has issued 9,000,000 warrants tothe Royal Bank of Scotland ("RBS"), pursuant to their engagement as the arrangerof debt financing for the development of the Company's Arckaringa Coal Project.The warrants have a term of 5 years from the date of issue and the followingsubscription prices: • 3,000,000 warrants exercisable at 8p;• 3,000,000 warrants exercisable at 12p; and• 3,000,000 warrants exercisable at 16p. "The issue of the warrants to RBS, one of the leading banks in the global miningand project finance sector, is a positive incentive to RBS committingsignificant resources towards supporting the financing and development ofArckaringa", said Christopher Lambert, Chairman of Altona. -ends- For further information please contact: Altona Resources plcChristopher Lambert, Chairman +44 (0) 20 7016 5100Christopher Schrape, Managing Director +61 (0) 417 984 434 Nabarro Wells & Co LimitedHugh Oram, Director +44 (0) 207 710 7400 Parkgreen CommunicationsVictoria Thomas +44 (0) 207 493 3713 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Altona EnergyRBS.L