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DJ Altona Energy Plc Directorate Change

 
TIDMANR 
 
20 March 2020 
 
ALTONA ENERGY PLC 
 
                          ("Altona" or "the Company") 
 
                              Directorate Change 
 
The Board of Altona (Aquis Growth Market: ANR.PL), a mining exploration company 
in South Australia, announces the resignation of Qinfu Zhang with immediate 
effect. 
 
Mr Zhang, who from 2015 served as the Executive Chairman of Altona is stepping 
down from the Board and as a Director of Altona, to pursue his other business 
interests in China, which have been affected by the Covid-19 virus. 
 
The Company is looking to appoint a new Executive Chairman or CEO, should its 
current fund-raising project be successful but, in the meantime, non-Executive 
Director, Christian Taylor-Wilkinson, is appointed as Interim CEO. 
 
Christian Taylor-Wilkinson, Interim CEO of Altona, commented, "We wish to thank 
Mr Zhang for his contribution to the board over the past five years and wish 
him every success in these difficult economic times. 
 
"We are focusing on strengthening the board so as to be able to execute our 
In-Situ Gasification strategy on mining tenement PELA 517. We are currently in 
discussions with a mining Technical Director based in Australia and a possible 
Executive Chairman/CEO located in London. These appointments will be made in 
April, should we raise sufficient funds in the Open Offer." 
 
For further information, please visit www.altonaenergy.com or contact: 
 
Altona Energy plc 
Christian Taylor-Wilkinson, Interim CEO           +44 (0) 7795 168 157 
Philip Sutherland, Non-Executive Director         +61 (0)402 440 339 
 
Alfred Henry Corporate Finance Ltd (NEX 
Corporate Adviser) 
Jon Isaacs / Nick Michaels                        +44 (0) 20 3772 0021 
 
 
Company Information 
 
Altona is an exploration company focused on the evaluation, development and 
extraction of coal assets in South Australia though the process of in-situ 
gasification. 
 
The Company was admitted to trading on AIM on 10 March 2005 and was 
subsequently admitted to NEX (now Aquis Stock Exchange) on 1 February 2019.  A 
copy of its admission documents dated 4 March 2005 can be accessed on its 
website, www.altonaenergy.com.  This website is where items can be inspected 
under Rule 75 of the Aquis Growth Market Rules for Issuers, from 1 February 
2019. 
 
 
 
END 
 

(END) Dow Jones Newswires

March 20, 2020 03:00 ET (07:00 GMT)