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2 March 2010

Colin Ng & Partners LLP advises Abterra on their S$20 million equity line facility from Yorkville

Colin Ng & Partners LLP ("CNP") advised Abterra Ltd ("Abterra"), an emerging supply chain manager of resources and minerals in Asia Pacific listed on the Mainboard of the SGX-ST, with regard to a S$20 million Equity Line Facility (ELF) from YA Global Masters SPV Ltd ("YA Global") to fund Abterra's regional growth and working capital needs. Abterra trades coking coal, coke and iron ore in Australia, India, Indonesia and China.

YA Global is managed by Yorkville Advisors, LLC of Jersey City, New Jersey USA ("Yorkville"). The investment was sourced and advised by Yorkville Advisors HK. Founded in January 2001, Yorkville specialises in providing flexible and cost-effective debt and equity financing to companies worldwide.

The transaction involves YA Global advancing cash to Abterra by purchasing Abterra's shares in tranches during a commitment period of up to 2 years.

Under the terms of the ELF, Abterra has the option to draw up to S$250,000 from YA Global at each time, up to a period of two years. This amount can be increased to S$1.0 million with YA Global’s written approval. Abterra has full discretion to utilize the facility and is not obliged to use the full S$20 million that has been made available.

Partners Tan Min-Li, Stephen Soh and Gregory Chan from Colin Ng & Partners LLP led the advisory team.


FOR MORE INFORMATION, PLEASE CONTACT:

Eliza Tan
Corporate Communications Manager
Colin Ng & Partners LLP
DID: 6349 8610
Fax: 6323 8282
E-mail: etan@cnplaw.com

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