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JATCORP LIMITED — Capital/Financing Update 2014
Sep 1, 2014
65154_rns_2014-09-01_62d62e91-36d0-4dbd-a8e9-803c1337b819.pdf
Capital/Financing Update
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JATENERGY LIMITED ABN 31 122 826 242
ASX ANNOUNCEMENT
2 Spetember 2014
ASX CODE: JAT
Converting Loan Completed
AUSTRALIAN REGISTERED OFFICE
Floor 6, Suite 8 55 Miller Street PYRMONT NSW 2009 AUSTRALIA
Jatenergy’s board of directors are pleased to announce that a converting loan agreement for $200,000 has been signed with Mr Zhou Xuan Feng and the funds have been deposited.
CONTACT DETAILS
Telephone +61 2 9571 8300 Facsimile +61 2 9571 8200 Email [email protected] Web www.jatenergy.com
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Jatenergy Development Pty Ltd has been marketing our company in China and has secured this successful introduction to Mr Zhou. This is Mr Zhou’s first investment into Jatenergy and if the loan was converted it would represent 8.46% of the issued capital of Jatenergy.
Mr Zhou currently manufactures LED lighting products in China through his company Nanyang City Ling Feng Electronic Technology Co. Ltd. Mr Zhou is enthusiastic about the relationship and said, “I am looking forward to working with Jatenergy as there is potential for strong synergies in relation to building market presence in China, in the near future”.
The converting loan agreement provides a $200,000 borrowing facility for Jatenergy. It can be converted into shares at the discretion of Jatenergy’s directors and approval by Jatenergy shareholders at the AGM. The value of conversion is 2 cents a share, in line with current share price, and attracts an interest rate 5% per annum. The board will use the funds for general working capital including office and administrative costs for the company.
About Jatenergy
Jatenergy (ASX: JAT) is an ASX listed energy investment company, focused on conventional, second generation and energy conversion technologies. Jatenergy also acquires projects and technologies, and creates value through its extensive marketing and promotion activities.
Media and Management Contact
Tony Crimmins +61 2 9571 8300
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.
Directors
Tony Crimmins
Executive Chairman
Mr Xipeng Li Non‐Executive Director
Mr Wilton Yao Non‐Executive Director
Ian Gebbie Non‐Executive Director
Jatenergy Limited
ABN 31 122 826 242
ASX code
JAT
Ordinary fully paid shares 103,565,568
Listed options 31,898,547
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