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JATCORP LIMITED — Capital/Financing Update 2013
Sep 2, 2013
65154_rns_2013-09-02_9890a1a1-3fe3-4847-b8ff-2239bbc89c1e.pdf
Capital/Financing Update
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JATENERGY LIMITED ABN 31 122 826 242
ASX CODE: JAT
AUSTRALIAN REGISTERED OFFICE Floor 6, Suite 8 55 Miller Street PYRMONT NSW 2009 AUSTRALIA
CONTACT DETAILS
Telephone +61 2 9571 8300 Facsimile +61 2 9571 8200 Email [email protected] Web www.jatenergy.com
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ASX ANNOUNCEMENT
3 September 2013
STRATEGIC FUNDING COMITTMENT AND INVESTOR RELATIONS SERVICES TO BE PROVIDED BY JIANGXI RESOURCES LIMITED
HIGHLIGHTS
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Jiangxi Resources Limited to provide a minimum capital investment of $500,000 over a four month period.
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Jiangxi Resources Limited to also provide Jatenergy with investor relations services in the Asia‐Pacific region to increase market interest.
The board of Jatenergy Limited is pleased to announce that it has recently entered into a binding agreement with Jiangxi Resources Limited (“Jiangxi”) to provide a strategic funding commitment and investor relations service. Under the agreement, Jiangxi will invest a minimum of $500,000 over a four month period and will provide the company with investor relations services, both domestically and internationally.
Based in Hong Kong, Jiangxi is a specialised investment and trading group, providing Australian listed companies with finance and trading facilities in the Asia and Asia‐Pacific region. With strong links to both Asian and international institutional investors, the execution of this agreement will provide capital to the company and also raise investor awareness towards JAT in the Asia Pacific region.
Jiangxi will purchase a total of 20 million listed shares for a minimum of $500,000 over the four months. This funding will assist the Jatenergy is the development of its coal projects and technology. In addition to providing funding, Jiangxi will also work with its institutional trading partners on Hong Kong and New York to provide greater market support.
Jiangxi has recently provided funding and investor relations services to Condor Blanco Mines (ASX:CDB) which has resulted in significantly increase higher liquidity. The Directors of Jiangxi recently released a statement commenting that, “The Jatenergy share price and market capitalisation does not reflect the true value of the company. We are
very pleased to have formalised our recent agreement as we believe that Jatenergy has the potential to become a leader in its field.”
Jiangxi will be commissioned to formulate an appropriate positioning strategy to launch a focused relations campaign. Through a program of cascading communication using a broad range of investor relations tools and strategies, Jiangxi aims to re‐engage existing shareholders and to also generate new market interest. Jiangxi will also assist Jatenergy by promoting the company to its network of brokers, institutional partners and high net worth individuals.
With Jatenergy’s recent successes with Jatropha field ownership and expansion into short term coal production sites, the company is aiming to gain greater penetration in the wider market. The company believes that the execution of this agreement will significantly increase market depth and liquidity, which will in turn increase market interest and market capitalisation to reflect the true value of the company.
Managing Director, Tony Crimmins stated that “The formation of this agreement with Jiangxi is a significant milestone for Jatenergy. With a significant capital commitment, Jatenergy will be able to further develop its coal production projects and advance its revolutionary coal upgrade technology. I believe that this will provide significant upside for Jatenergy shareholders in the short‐medium term”.
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About Jatenergy
Jatenergy Limited is a Sydney‐based diversified energy company operating in both Australia and Asia. Jatenergy’s strategic focus is on producing cash returns from its coal and jatropha assets as well as implementing the proprietary Coal Plus technology for upgrading low‐grade coal into high value energy products.
Media and management contact
Tony Crimmins +61 2 9571 8300 [email protected]
About Jatenergy Jatenergy Limited is a Sydney‐based diversified energy company operating in both Australia and Asia. Jatenergy’s strategic focus is on producing cash returns from its coal and jatropha assets as well as implementing the proprietary Coal Plus technology for upgrading low grade coal into high value energy products.
Jatenergy Limited ABN 31 122 826 242 ASX code JAT Ordinary fully paid shares 98,565,568 Listed options 31,898,547
Directors Tony Crimmins Executive Chairman Richard Pritchard Non‐Executive Director Mr Xipeng Li Non‐Executive Director Mr Wilton Yao Alternate Director