Jan 20 (Reuters) - Allegiance Coal Ltd AHQ.AX :
* RAISES $2M THROUGH NOTES TO EXPEDITE NEW ELK PRODUCTION
* WORKING TO BRING FORWARD PRODUCTION AT NEW ELK TO TAKE ADVANTAGE OF IMMEDIATE STRONG DEMAND FOR US COKING COALS ON SEABORNE MARKET
* PLANNED PRODUCTION COMMENCEMENT DATE FOR NEW ELK REMAINS JUNE 2021, BUT IS UNDER REVIEW