| Thu 19 Jun 2008, 11:42 | | CZA - Coal of Africa Limited - Completion of Tranche 1 and ection |
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CZA
CZA
CZA - Coal of Africa Limited - Completion of Tranche 1 and ection
708A(5)(e) Notice
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
Share code on the JSE Limited: CZA
ISIN AU000000CZA6
Share code on the Australian Stock Exchange Limited: CZA
ISIN AU000000CZA6
(`CoAL` or `the Company`)
19 June 2008
COMPLETION OF TRANCHE 1 AND SECTION 708A(5)(e) NOTICE
Further to the announcement on 13 June 2008, Coal of Africa Limited
confirms it has today completed Tranche 1 of the Placement to Coal
Investments Limited ("CIL"), placing 25,500,000 ordinary Shares to
CIL at an issue price of GBP1.30 per Share to raise GBP33,150,000.
Following the admission of the 25,500,000 Shares, the number of
Ordinary Shares on issue will be 398,254,492.
Tranche 2 of the Placement, being 12,000,000 Shares, will be issued
upon receipt of approval from the Australian Foreign Investments
Review Board.
An Appendix 3B will be lodged with the ASX following this
announcement.
Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the
Corporations Act 2001 ("Act")
The Act restricts the on-sale of securities issued without
disclosure, unless the sale is exempt under section 708 or 708A of
the Act. By giving this notice, a sale of the Shares noted above
will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the
Act that:
(a) the Company issued the Shares without disclosure to investors
under Part 6D.2 of the Act;
(b) as at 19 June 2008, the Company has complied with the
provisions of Chapter 2M of the Act as they apply to the
Company, and section 674 of the Act; and
(c) as at 19 June 2008 there is no information:
a. that has been excluded from a continuous disclosure notice in
accordance with the ASX Listing Rules; and
b. that investors and their professional advisers would
reasonably require for the purpose of making an informed assessment
of:
i. the assets and liabilities, financial position and
performance, profits and losses and prospects of the Company; or
ii. the rights and liabilities attaching to the relevant Shares.
AUTHORISED BY:
Shannon Coates
Company Secretary
For more information contact:
Simon Farrell, Managing Director CZA +61 417 985 383
Olly Cairns / Romil Patel Blue Oar Securities Plc
+61 8 6430 1631 +44(0) 20 7448 4400
www.coalofafrica.com
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 19/06/2008 11:42:01 Produced by the JSE SENS Department.
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