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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