Atrum Coal Limited (ASX:ATU) (OTCMKTS:ATRCF) is pleased to provide its Quarterly Activities Report for the period ending 31 December 2016.
Atrum Coal Limited
The Company has a substantial coal position in British Columbia which, as a region boasts:
- Abundance of high quality PCI, coking and anthracite coals
- Well developed rail and port infrastructure with excess capacity
- Access to deep sea ports
- Competitive shipping distance to Asia
- Positive government stance on mining
The Company is building a quality portfolio of metallurgical coal assets suited to the Asian export market and the Board of Directors have a strong track record in identifying and developing world class coal assets in Australia and abroad.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) shareholders approved a change to the company name and type from Atrum Coal NL to Atrum Coal Limited, converting from a No Liability Company to a Public Company Limited by Shares.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is pleased to welcome Mr Chris Brown as Company Secretary, replacing Mr Theo Renard with effect from 12 January 2017.
Mr Burton has more than 25 years' experience in financing, developing and managing emerging resource projects in Australia, Canada and the UK. He has co-founded numerous resource companies. Seven resource projects co-founded by him have advanced from exploration into production, including two that became ASX/200 companies.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is pleased to advise it has finalised definitive agreements with Atlantic Carbon Group PLC ("Atlantic") with Atrum securing exclusive rights to market and sell Atlantic anthracite for export outside the United States.
Atrum Coal NL (ASX:ATU) is pleased to announce that it has received irrevocable commitments for the placement to institutional and sophisticated investors which will result in the issuing of 27,000,000 new fully paid ordinary shares in Atrum at an issue price of $0.50 raising a total of $13,500,000.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is pleased to provide the company's AGM Presentation.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is pleased to announce the appointment of Mr. Alan Ahlgren as Chief Financial Officer, commencing 15 December 2016. Mr. Ahlgren is a Chartered Professional Accountant who has extensive experience as CFO with Graphite One Resources Inc., AQM Copper Inc. and First Coal Corporation.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) advises that non-executive directors, Mr John Wasik and Mr Steve Boulton have elected to retire with immediate effect for personal reasons, and the vacancies allow the appointment of new directors to facilitate the Company's anthracite development strategy.
Atrum Coal NL (ASX:ATU) (OTCMKTS:ATRCF) is pleased to advise that, as per the Appendix 3b filed on 14 November 2016, the remaining 2,761,600 partly paid shares held by former director and founder, Mr Russell Moran, have been paid up, and that there are no longer any partly paid shares on issue in the Company.