Sept 23 (Reuters) - Allegiance Coal Ltd (AHQ) :
- RECEIVED BINDING COMMITMENTS FOR $3.08 MILLION, BEFORE COSTS, PURSUANT TO A PRIVATE PLACEMENT
- ALSO OFFERING SHAREHOLDERS A SHARE PURCHASE PLAN TO RAISE UP TO A FURTHER $3 MILLION, AT $0.14 PER SHARE
- PROCEEDS WILL BE APPLIED PRINCIPALLY TO COMPLETE FEASIBILITY STUDY AND FORMAL PURCHASE OF NEW ELK HARD COKING COAL MINE
