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JATCORP LIMITED — Capital/Financing Update 2013
Dec 2, 2013
65154_rns_2013-12-02_81e2a3ad-0291-49f3-ab47-83f991ed482d.pdf
Capital/Financing Update
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Chapmans Limited
A.C.N. 000 012 386
LEVEL 10, 52 PHILLIP STREET, SYDNEY - TELEPHONE: 9300 3630 - FAX: 9300 3677 e-mail: [email protected]
2 December 2013
Australian Securities Exchange Limited 20 Bridge Street SYDNEY NSW 2000
Via: Electronic Lodgment
Agreement with Jatenergy Finalised
The directors of Chapmans Limited (‘Chapmans’) are pleased to advise that Chapmans has executed the formal agreement with Jatenergy Limited (ASX:JAT) for the short term financing of small coal production assets in exchange for profit sharing contractual rights.
Under the agreed terms Chapmans has invested $200,000 for Jatenergy’s Jongkang coal project to increase production and accelerate substantial cashflows in exchange for a 50% profit share with Jatenergy.
Jatenergy’s Jongkang coal projects are in production and have already produced over 35,000 tonnes of high energy thermal coal used for power generation in South East Asia. The production site is located in Tenggarong Province, a well known proven coal production region in East Kalimantan, Indonesia, only 30km’s from the port of Samarinda, a major hub of Indonesia’s coal industry.
Chapmans (ASX code: CHP) is an ASX listed specialist investment company engaged in short term high yielding special situation investments across a diversified range of industries including resources, property and technology.
Yours faithfully CHAPMANS LTD
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Peter Dykes Chairman