Atrum Coal (ASX:ATU) announced financial results for the quarter ended 30 September 2022.

Fully underwritten accelerated non-renounceable 1 for 1 entitlement offer at A$0.006 per share to raise gross proceeds of approximately A$4.15 million successfully completed.

Atrum intends to use entitlement offer proceeds to fund litigation efforts against the Government of Alberta and to meet ongoing operational expenses.

Evaluating Groundhog advancement options; Environment and regulatory permitting pathway report.

Ongoing review of options to preserve and optimize share holder value.

Following the announcement the company?s share price unchanged.