TIDMATC

RNS Number : 6696R

Atlantic Coal PLC

29 October 2013

Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining

Atlantic Coal plc ("Atlantic Coal" or the "Company")

SEDA drawdown

Atlantic Coal, the AIM listed anthracite coal mining company operating in Pennsylvania, USA, announces that it has drawndown GBP200,000 under its standby equity distribution agreement with YA Global Master SPV Ltd (the "Agreement"), further details of which were announced on 25 July 2013.

Under the terms of the Agreement, Atlantic Coal has issued 104,275,286 shares of 0.07 pence to YA Global Master SPV Ltd at a price of GBP0.001918 per share (the "Shares") and an application has been made to admit the Shares to trading on AIM which is anticipated to take place on or around 4 November 2013.

Following the issue of the Shares the Company's issued share capital will be 3,973,047,302 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury. Therefore the total number of ordinary shares in the Company with voting rights will be 3,973,047,302.

The above figure 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

**ENDS**

For further information on the Company, visit: www.atlanticcoal.com or contact:

 
 Steve Best         Atlantic Coal plc           Tel: 020 3328 5670 
 Nick Naylor        Allenby Capital Limited     Tel: 020 3328 5656 
 Alex Price         Allenby Capital Limited     Tel: 020 3328 5656 
 Elisabeth Cowell   St Brides Media & Finance   Tel: 020 7236 1177 
                     Ltd

This information is provided by RNS

The company news service from the London Stock Exchange

END

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