Atomic Resources completes A$5 million capital raising
November 24, 2010
Atomic Resources Limited (Atomic) is pleased to announce it has completed the A$5 million capital raising by issuing 18,181,818 shares to Aspac Mining Ltd and 4,545,455 shares to Farjoy Pty Ltd, companies nominated by Mr Graeme Robertson.
Atomic is pleased to announce that Mr Graeme Robertson was appointed on 23 November 2010 as a director to the Board and has to act as Chairman. Mr Clive Hartz has agreed to act as Deputy Chairman.
Mr Robertson has extensive experience in pioneering and managing world class mining and energy operations throughout Africa and the Asia-Pacific region. He was CEO and developer of the largest open cut coal mine in the Southern Hemisphere, PT Adaro Indonesia, and is a former Managing Director of New Hope Corporation Limited (1987-2005). In 2010, Mr Robertson was awarded the Coaltrans Lifetime Achievement Award for his contribution to the coal industry.
Atomic welcomes Mr Robertson to the board.
Atomic Resources announces share placement to raise A$5 million
November 3, 2010
Share placement to raise A$5 million, Graeme Robertson to be appointed to Board
Atomic Resources (ASX: ATQ) (Company) is pleased to announce it has entered into an agreement, subject to shareholder approval, to issue 22,727,273 new, fully paid ordinary shares in the capital of Atomic at an issue price of $0.22 per share, to raise $5 million (Placement). The subscriber to the Placement is Aspac Mining Limited (or nominee), an entity owned and managed by Mr Graeme Robertson.
As a term of the Placement, and in recognition of his extensive coal industry experience, the board of Atomic Resources has invited Mr. Robertson to accept an appointment as a non executive chairman of the Company, with effect from the Placement issue date.
Mr. Robertson has been a long-standing shareholder of Atomic Resources and a very strong supporter of the Company and its plans to develop a major thermal coal mining operation in the southwest region of Tanzania. He has been responsible for pioneering and managing world class mining, energy and transport infrastructure operations throughout Africa, Australia and the Asia-Pacific region. He was CEO and developer of the largest open cut coal mine in the Southern Hemisphere, PT Adaro Indonesia, and is a former Managing Director of New Hope Corporation Limited (1987 – 2005). In 2010, Mr Robertson was awarded the Coaltrans Lifetime Achievement Award for his contribution to the coal industry.
Atomic Resources will shortly dispatch an addendum to the Notice of 2010 Annual General Meeting (together with a new proxy form), which will be held at 11.00am (WST) on Tuesday 23 November 2010 at the London Room and Courtyard, The George, 216 St Georges Terrace, Perth. Shareholders are encouraged to read the addendum (which contains information in relation to the Placement).
The funds raised through the Placement will be used to fund a near-surface drilling and exploration programme at the Mbuyura/Mkapa and Mbalawala coal fields in the Ngaka Coal Basin, commencing in December 2010 and will enable Atomic to commence small-scale coal mining before the end of this calendar year.
The Placement was arranged and advised by Intrasia Capital Pty Ltd and Perth-based Delta Capital Pty Ltd.