Appendix 3B and Section 708A Notice
Perth, Sep 10, 2014 AEST (ABN Newswire) - Atrum Coal NL (
ASX:ATU) (ATRCF:OTCMKTS) advises that it has issued 1,000,000 fully paid ordinary shares to satisfy the Company's obligations pursuant to the Licence Acquisition Agreement between Anglo Pacific PLC, Panorama Coal Corporation, Kuro Coal Panorama Inc. and Atrum Coal Groundhog Inc.
These securities are subject to 18 months escrow from the date of issue, with such escrow ending on or about 2 March 2016.
In accordance with ASX Listing Rules and the Corporations Act 2001, Atrum Coal NL provides the following documents:
(a) ASX Appendix 3B; and
(b) A notice under section 708A(5)(e) of the Corporations Act 2001 ("Cleansing Statement") in relation to the issue of 1,000,000 fully paid ordinary shares.
To view, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-ATU-690650.pdf
About Atrum Coal Limited
Atrum Coal Limited (ASX:ATU) is a metallurgical coal developer. The Company flagship asset is the 100%-owned Elan Hard Coking Coal Project in southern Alberta, Canada. Elan hosts large-scale, shallow, thick, hard coking coal (HCC) deposits with a current JORC Resource Estimate of 298 Mt (70 Mt Indicated and 228 Mt Inferred). Comprehensive quality testing of Elan South coal on samples from the 2018 exploration program, combined with review of substantial historical testwork data for the broader Elan Project, has confirmed Tier 1 HCC quality.
The initial focus for development is the Elan South area, which is located approximately 13 km from an existing rail line with significant excess capacity, providing direct rail access to export terminals in Vancouver and Prince Rupert. Elan South shares its southern boundary with Riversdale Resources Grassy Mountain Project, which is in the final permitting stage for a 4.5 Mtpa open-cut HCC operation. Around 30km to the west, Teck Resources operates five mines (the Elk Valley complex) producing approximately 25 Mtpa of premium HCC for the seaborne market.
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