Jatenergy reaps $121,000 from SPP

By Peni Pedriawan

Australian-listed energy firm Jatenergy Limited announced that its Share Purchase Plan (SPP) has now closed, with gross receipts of $121,000 and applications for 3,025,000 new shares in the Company.

It said that funds raised from the Share Purchase Plan would be used to complete the acquisition of the Coal Plus technology license and commence the development work plan, including a full feasibility study of the Coal Plus technology and securing the project site in Indonesia to establish a pilot site for the Coal Plus technology.

The fund would also be used to continue operations at the company?s coal projects in Indonesia and working capital for coal shipments and corporate costs.

The directors appreciate the continued support of shareholders and their participation in the Share Purchase Plan.

Editing by Adianto P. Simamora