New Age Exploration’s main focus is securing mineral resource investment opportunities which have the potential to add significant value to shareholders and to deliver on the Company’s strategic objective: “To focus on mineral resource projects with a view to identifying economically attractive deposits of sufficient grade and size to provide sustainable returns to shareholders”. NAE is currently focused on building a portfolio of coal projects in Colombia and has recently acquired two concessions in the world class Cesar Basin, where a conceptual exploration target of 200-800 million tonnes of export quality thermal coal has been identified. As part of its ongoing strategy NAE continues to evaluate a number of projects in Colombia and elsewhere which will add value to the Company’s portfolio.
New Age Exploration (ASX:NAE)
Company Directors
Mr Adrien Wing (Director)
Mr Edwin Stoyle (Director)
Mr Gary Fietz (Managing Director)
Mr Gavan Rice (Director)
Contact Information
Phone: +613 9614 0600
Website:

Address
Level 17 500 Collins Street Melbourne, VIC, Australia, 3000
Media Releases
Completion of A$4 Million Capital Raising to Advance Colombian Projects
22 Sep,2011 09:43 AM

Highlights
- A$4 million successfully raised via a private placement to an institution and a sophisticated investor

- Placement completed at 9% premium to the closing price on 19 September 2011 and a 14% premium to the 10 day VWAP ending 19 September 2011

- Proceeds to be used to advance NAE’s Colombian coking and thermal coal projects including accelerating early production of coking coal from the Subachoque Project.


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