🕐10.04.12 - 02:54 Uhr

UNIVERSAL COAL [ASX: UNV] - UNIVERSAL COAL SECURES STRATEGIC FUNDING





Fortbridge Media Release

Universal Coal [ASX: UNV] - Universal Coal Secures Strategic Funding

Universal Coal Plc (ASX: UNV) has executed funding documents with Susquehanna International Group LLP (through its subsidiary Susquehanna Pacific Pty Ltd) for funding support up to A$12m, of which it will draw down an initial A$7m in May 2012.

As part of a strategic roadmap developed and approved by the Board, Universal has secured a facility which provides additional capacity to the company�s Balance Sheet whilst not diluting shareholders at this time.

Highlights:

* A$12m converting note facility secured with one of the world�s largest private financial institutions
* Initial note facility of A$7m
* Facility structured to ensure no immediate dilution to shareholders
* Facility to be fully converted by the maturity date (7 years)
* Funds will be used to:
- advance phase two drilling Berenice-Cygnus coking coal project
- finalise engineering work on the Kangala thermal project, and
- provide the Company with additional working capital

Please see more on the attached announcement.

For further information, please contact:

Anthony Ward
Head of Commercial & Corporate Affairs
Universal Coal Plc
+612 8116 8701

Fortbridge
+61 2 9003 0477
Bill Kemmery
+61 400 122 449








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