Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining 11 February 2010 Atlantic Coal PLC (Atlantic or the Company) Issue of Equity
Further to an announcement by the Company on 9 February 2010 which set out details of a placing to raise �400,000, Atlantic, the AIM listed open cast coal production and processing company with activities in Pennsylvania, USA, is delighted to announce that, in response to market demand, the Company has placed a further 20,000,000 new ordinary shares of 0.07pence each (the Placing Shares) in the Company at a price of 0.5p per share, raising �100,000 (before expenses) for the Company (the Placing).

The Placing Shares will represent 1.3% of the Companys enlarged issued ordinary share capital.


The net proceeds of the Placing, which has been arranged by Allenby Capital Limited, will be used by the Company for general working capital purposes.


Atlantic Managing Director Steve Best said: "We are delighted that, as a result of market demand, we have been able to complete this further placing.

As with the placing that was announced on 9 February 2010, this placing provides the Company with additional working capital and will allow us to continue our work with Maple Carpenter Creek."
The Placing has been carried out within the Companys current share authorities and application has been made for the 20,000,000 new ordinary shares, which will be issued paid up and rank pari passu with all existing ordinary shares, to be admitted to trading on AIM (Admission).

It is expected that Admission will be effective on or around 15 February 2010.


The total enlarged issued share capital of Atlantic following Admission will be 1,485,846,350 ordinary shares in the Company.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
**ENDS**
For further information on the Company, visit: www.atlanticcoal.com or contact:
Greg Kuenzel Atlantic Coal plc Tel: 020 3328 5670 Steve Best Atlantic Coal plc Tel: 020 3328 5670 Nick Naylor Allenby Capital Limited Tel: 020 3328 5656 Jamie Boyd Allenby Capital Limited Tel: 020 3328 5656 Daniel Fox-Davies Fox Davies Capital Ltd Tel: 020 7936 5224 Hugo de Salis St Brides Media & Finance Ltd Tel: 020 7236 1177 Paul Youens St Brides Media & Finance Ltd Tel: 020 7236 1177
Elisabeth Cowell St Brides Media & Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY T: +44 (0) 207 236 1177 | M: +44 (0) 7769 658 654 | F: +44 (0) 207 236 1188 | www.sbmf.co.uk
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