Coal Project (into production 2020) - NPV US$3.3B - Discounted Bridging Placement

Categories Securities, Unissued Securities
Sale Type Asking Price
Price Guide AUD $3M Equity Capital Raise @ AUD $0.05 per share (Enterprise Value @ A$45.5M)
Status: Closed


This is an unlisted Australian public company with three substantial, advanced coal projects located in Poland/Europe. The Company was previously listed on ASX until May 2015 and has two thermal coal projects and one coking coal project, hence a strong diversity of product. Substantial work has already been performed by the Company on all three projects including over 20,000m drilling, several feasibility studies and permitting and licensing applications.

The Company is seeking a modest amount of short term cash now in order to maintain development work whilst it brings in a larger cash amount expected over the next few months (negotiations underway on this already) – hence the discounted offer price. The last capital raises were a series of convertible notes totalling A$7M with its major shareholder from prices @ A$0.03 (August, 2015) and @ A$0.09 (May, 2016). Exit strategy is listing on LSX, AIM, SGEX or another bourse in CY2017. 

Webinar recording now available: View the Managing Director's in-depth outline about this opportunity here.

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