Time to learn some Chinese boys and girls Cornerstone Investor...

Time to learn some Chinese boys and girls

Cornerstone Investor Support Secures Carbon Energy’s Pathway Forward
•Cornerstone investor Kam Lung to purchase $10m Convertible Note
• Proposed $5 million rights issue to place Company in a stronger financial position – to be 70% underwritten by Kam Lung
• Extension of time to hold 2016 Annual General Meeting granted
• Pacific Road appointed to monetise the Company’s coal assets Carbon Energy Limited

(ASX:CNX, OTCQX:CNXAY) today announces that with the backing of its cornerstone investor, Kam Lung Investment Development Co Ltd (“Kam Lung”), it has secured funding for the refinancing of the Company’s $10 million Convertible Note (“Convertible Note”) as well as establishing a solid foundation for growth in the years ahead.


Kam Lung are a very smart operation