Coal Energy Signs Deal With Lynx Overseas Consulting CY Ltd On Private Placement Programme Of Co's Shares

Coal Energy SA GPW:CLE:

• SAID ON THURSDAY COMPANY SIGNED INVESTMENT FRAMEWORK AGREEMENT WITH LYNX OVERSEAS CONSULTING CY LTD (INVESTOR) ON A PRIVATE PLACEMENT PROGRAMME OF COMPANY SHARES FOR A TOTAL AMOUNT OF UP TO €1.5 MLN

• THE INVESTMENT PROGRAMME MAY BE IMPLEMENTED IN ONE OR MORE SEPARATE TRANCHES

• UNDER THE FIRST TRANCHE THE INVESTOR IS EXPECTED TO SUBSCRIBE FOR 1.2 MLN NEW COMPANY SHARES AT AN ISSUE PRICE OF 2.11 ZLOTYS PER SHARE

• THE AGGREGATE SUBSCRIPTION PRICE FOR THE NEW SHARES UNDER THE FIRST TRANCHE AMOUNTS TO 2.6 MLN ZLOTYS

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