1st Apr 2016 12:42
1 April 2016
Altona Energy Plc
("Altona" or "the Company")
Result of General Meeting
Altona (AIM: ANR) is pleased to announce that at the General Meeting held earlier today to agree the Company's new share option scheme and approve an amendment to the Company's articles of association, all resolutions were duly passed. Consequently, the Company has granted the options over 12 million ordinary shares to directors of Altona, as detailed in the announcement on 17 March 2016. In addition, a further 1 million options, have been granted to an employee of the Company on the same terms.
-ends-
For further information, please visit www.altonaenergy.com or contact:
Altona Energy plc Qinfu Zhang, Executive Chairman
| +44 (0)7555 679 245
|
Leander (Financial PR) Christian Taylor- Wilkinson
| +44 (0)7795 168 157 |
Northland Capital Partners Ltd (Nomad and Broker) Matthew Johnson / Gerry Beaney (Corporate Finance) John Howes / Abigail Wayne (Corporate Broking)
| +44 (0)20 3861 6625 |
About Altona
Altona is listed on the London Stock Exchange's AIM market. Its principal focus is on the evaluation and development of the Company's flagship Arckaringa Project to exploit the significant coal resources contained in three exploration licences covering 2,500 sq. kms in the northern portion of the Permian Arckaringa Basin in South Australia. The Project is designed to produce syngas products for the Australian market and export from a resource exceeding 7.8 billion tonnes of coal (1.3 billion tonnes JORC compliant).
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Altona Energy