Alkane Energy completes acquisition of Maltby Colliery methane assets

Alkane Energy, the AIM-listed independent gas-to-power company, has completed the acquisition of certain of the coal mine methane assets of Yorkshire-based Maltby Colliery and associated 6.0m pounds gross fundraising.

The company said that the acquisition and the fundraising were conditional upon the admission of the 22.2m ordinary shares of 0.5p each in the capital of the company.

Admission occurred and dealings in the placing shares commenced at 8:00 a.m. London time on May 24th, Alkane reported, and accordingly, it said that both the acquisition and the fundraising had completed.

Alkane Energy's share price was down 0.41% to 30.38p at 13:34 on Friday.

MF