GB00B23JN426/GBP/PLUS-exn
Oracle Coalfields plc
Issue of Equity
12 June, 2008
The Board of Oracle Coalfields plc ("Oracle" or "the Company") is pleased to announce that it has
raised GBP453,750 through a placing of 5,500,000 shares with Orbis Equity Partners Ltd ("Orbis")
at 8.25p.
Additionally, 5,500,000 warrants have been issued to the investors that took part in the placing
through Orbis and are exercisable at 14p in whole or in part at any time until 31 May 2010.
Chairman's Statement:
"I am delighted with the response to the recent placing, which far exceeded the sum we set out to
raise, and is testament to the progress the company has made to date on its flagship project,
Block VI Thar Coalfield, and the strategy that is being put in place to bring the Thar project
into development."
There are now 114,046,334 Ordinary Shares in issue and the Directors are interested in a total of
34,580,000 Ordinary Shares which represent 30.32% of the issued share capital of the Company.
The Directors of the Issuer accept responsibility for this announcement.
ENDS
ENQUIRIES:
ORACLE COALFIELDS PLC
SHAHRUKH KHAN, CHAIRMAN
TELEPHONE: +44 (0) 1366500722
EMAIL: S.KHAN@ORACLECOALFIELDS.COM
CORPORATE ADVISERS
ST HELEN'S CAPITAL PLC
BARRY HOCKEN, DIRECTOR
TELEPHONE: 020 7628 5582
EMAIL: BARRY.HOCKEN@STHELENSCAPITAL.COM
CONDUIT PR
JOS SIMSON
Telephone: 020 7429 6603
WEBSITE:
www.oraclecoalfields.com
Oracle Coalfields plc
About Oracle:
Oracle Coalfields plc is a London-based resource exploration and development company with an 80
per cent owned subsidiary (Sindh Carbon Energy Limited) operating in Pakistan. The Company's
shares are quoted on the PLUS markets (symbol: ORCP). The Company's flagship project is the Block
VI coal project which is located on the Thar coalfield in the eastern Sindh province, Pakistan.
Block VI is host to a JORC compliant resource of 1.4 billion tonnes and 371 million tonnes in the
proven category.
The Company also owns the Indus East project in Pakistan. A pre-feasibility study carried out by
Dargo Associates confirmed an inferred resource for the area (in line with the JORC Code) to 365
million tonnes, of which the boreholes KHW-1 and KHW-2 give an indicated resource of c.24 million
tonnes.
Oracle Coalfields plc