Liquefied  Natural  Gas  Limited (ASX:  LNG;  OTC  ADR:  LNGLY)  (LNGL  or  the  Company)  advises  that it  has  raised  A$49.5  million  with  a placement  of  90 million  ordinary  shares  at  A$0.55  to  US  and Australian  institutional  investors  (Placement).  The  Placement  will be made  in  two  tranches with 31,207,254 shares  placed  under the Company’s  placement  capacity  in  accordance  with  ASX Listing  Rules  7.1  and  7.1A,  and  the  placement  of  58,792,746 shares subject  to  shareholder approval.

The  Placement  received  very  strong  demand  from existing Australian  institutional  shareholders and  a  group  of  US  institutional  investors,  with  the  Company  welcoming  Fairview Capital Asset Management,  LLC  (www.fairviewcap.com)  as  a  new substantial shareholder and Claren Road Asset Management, LLC as a significant new shareholder.

Foster  Stockbroking  Pty  Ltd  acted  as  Sole  Lead  Manager  and was  supported by the Company’s US advisor, New York based EAS Advisors LLC, acting through Merriman Capital, Inc.  Managing Director and Joint CEO Comments The  Company’s  Managing  Director,  Maurice  Brand,  said:  “This is  a  significant  milestone  for  the Company  and  the  strong  demand  for  the  Placement  is  recognition  of  the outstanding  progress that  Magnolia  LNG  has  achieved  to  date.  In  regard  to  the  FERC  application  filed  last  week,  the Magnolia LNG Project is placed among a small group of projects to have formally filed”.

“The  Company  plans  to  use  some  US$30  million  to  fully  fund  Magnolia  through  to  30  June  2015 with  the  balance  of  funds  to  be  used  for  LNGL  working  capital  including  the  identification  of other LNG opportunities”.

“To  the  end  of  April  2014,  the  Magnolia  LNG  Project  has expensed  a  total  of  US$11  million, including  the  delivery  of  its  filing  application  to  FERC.  While  these  costs  are  substantially  lower than  what  has  been  reported  by  other  US  LNG  developers, Magnolia  LNG  has  had  the  benefit  of a considerable  amount  of  technical,  engineering  and  development  work  that  was associated with the Company’s Fisherman’s Landing Gladstone LNG project in Australia”.

“With  this  funding  in  place  the  team  is  now  fully  focused  on  delivering  the  EPC  contract  and entering into binding Liquefaction Tolling Agreements”, said Mr Brand.

For more information, please visit: Liquefied  Natural  Gas  Limited

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