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Strategic Natural Resources / Atlantic Coal

  • BY: Andrew Hore |
  • POSTED: 23/10/2009 |

Atlantic Coal has sold its stake in Strategic Natural Resources. 

Atlantic sold the 9.99% stake to institutional investors after it failed to gain SNR’s backing for a bid. The shares cost Atlantic £564,000 but no selling price was mentioned.

Shares in the South African coal mine developer were unchanged at 10.75p each, which values SNR at £7.36m. At 0.65p a share, Atlantic is valued at £9.01m. 

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