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CZA
CZA
CZA - Coal of Africa Limited - Conversion of options and secondary trading
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`)
30 June 2009
CONVERSION OF OPTIONS AND SECONDARY TRADING NOTICE
Coal of Africa Limited (`CoAL` or the `Company`) confirms it has today
converted 50,000 Class A Options, exercisable at $0.50 on or before 30
September 2011, into ordinary shares pursuant to receipt of a valid
conversion notice.
Following the admission of the Shares, the number of Ordinary Shares on
issue will be 411,919,636.
An Appendix 3B will be lodged 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 30 June 2009, the Company has complied with the provisions of
Chapter 2M of the Act (other than section 319 in relation to a
financial year ended in the calendar year 2004) as they apply to the
Company, and section 674 of the Act; and
(C ) as at 30 June 2009 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
or +61 8 9322 6776
Peter Bacchus/ Alastair Cochran Morgan Stanley
+44(0) 20 7425 8000
Simon Edwards/ Chris Sim Evolution Securities
+44(0) 20 7071 4300
Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603
About CoAL:
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition,
exploration and development of thermal and metallurgical coal projects. The
Company`s key projects, along with its leading metals processing company
NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in
Western Australia and listed in 1980. Since 2005, the Company has also
listed on both the AIM and JSE markets, allowing further growth in the
Company`s coal assets.
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Rule 2.7, 3.10.3, 3.10.4, 3.10.5
Appendix 3B
New issue announcement,
application for quotation of additional securities
and agreement
Information or documents not available now must be given to ASX as soon as
available. Information and documents given to ASX become ASX`s property and
may be made public.
Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000,
30/9/2001, 11/3/2002, 1/1/2003.
Name of entity
Coal of Africa Limited
ABN
98 008 905 388
We (the entity) give ASX the following information.
Part 1 All issues
You must complete the relevant sections (attach sheets if there is not
enough space).
1 +Class of +securities issued or Shares
to be issued
2 Number of +securities issued 50,000 shares
or to be issued (if known) or
maximum number which may be
issued
3 Principal terms of the Fully paid ordinary
+securities (eg, if options,
exercise price and expiry date;
if partly paid +securities, the
amount outstanding and due
dates for payment; if
+convertible securities, the
conversion price and dates for
conversion)
4 Do the +securities rank Yes
equally in all respects from
the date of allotment with
an existing +class of quoted
+securities?
If the additional securities
do not rank equally, please
state:
* the date from which they
do
* the extent to which they
participate for the next
dividend, (in the case of a
trust, distribution) or
interest payment
* the extent to which they
do not rank equally, other
than in relation to the next
dividend, distribution or
interest payment
5 Issue price or consideration $0.50 each
6 Purpose of the issue Exercise of Class A Options,
(If issued as consideration exercisable at $0.50 each on or before
for the acquisition of 30 September 2011.
assets, clearly identify
those assets)
7 Dates of entering 30 June 2009
+securities into
uncertificated holdings or
despatch of certificates
Number +Class
8 Number and +class of all 411,919,636 Fully paid ordinary
+securities quoted on ASX shares
(including the securities
in clause 2 if applicable)
Number +Class
9 Number and +class of all 9,200,000 Class A Options
+securities not quoted on exercisable at
ASX (including the $0.50 each on or
securities in clause 2 if before 30 September
applicable) 2011.
Class B Options
exercisable at
250,000 $2.05 each on or
before 1 May 2012.
Class D Options
exercisable at
$1.25 each on or
7,000,000 before 30 September
2012.
Class E Options
exercisable at
GBP0.65 each on or
636,544 before 30 November
2009.
Class G Options
exercisable at
$1.90 each on or
before 30 September
2012.
1,000,000
Class H Options
exercisable at
$1.25 on or before
1 May 2012.
600,000 Class I Options
exercisable at
$3.25 on or before
31 July 2010.
1,650,000
10 Dividend policy (in the Not applicable
case of a trust,
distribution policy) on
the increased capital
(interests)
Part 2 Bonus issue or pro rata issue
Questions 11 to 33 - Not Applicable
Part 3 Quotation of securities
You need only complete this section if you are applying for quotation of
securities
34 Type of securities
(tick one)
(a) Securities described in Part 1
(b) All other securities
Example: restricted securities at the end of the
escrowed period, partly paid securities that become
fully paid, employee incentive share securities when
restriction ends, securities issued on expiry or
conversion of convertible securities
Questions 35 to 42 - Not Applicable
Quotation agreement
1 +Quotation of our additional +securities is in ASX`s absolute
discretion. ASX may quote the +securities on any conditions it
decides.
2 We warrant the following to ASX.
* The issue of the +securities to be quoted complies with the law and is
not for an illegal purpose.
* There is no reason why those +securities should not be granted
+quotation.
* An offer of the +securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or section 1012C(6) of
the Corporations Act.
Note: An entity may need to obtain appropriate warranties from subscribers
for the securities in order to be able to give this warranty
* Section 724 or section 1016E of the Corporations Act does not apply to
any applications received by us in relation to any +securities to be quoted
and that no-one has any right to return any +securities to be quoted under
sections 737, 738 or 1016F of the Corporations Act at the time that we
request that the +securities be quoted.
* We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the +securities to be quoted, it has been
provided at the time that we request that the +securities be quoted.
* If we are a trust, we warrant that no person has the right to return
the +securities to be quoted under section 1019B of the Corporations Act at
the time that we request that the +securities be quoted.
3 We will indemnify ASX to the fullest extent permitted by law in respect
of any claim, action or expense arising from or connected with any
breach of the warranties in this agreement.
4 We give ASX the information and documents required by this form. If
any information or document not available now, will give it to ASX
before +quotation of the +securities begins. We acknowledge that ASX
is relying on the information and documents. We warrant that they are
(will be) true and complete.
Sign here: Date: 30 June 2009
(Company secretary)
Print name: SHANNON COATES
Date: 30/06/2009 11:25:01 Produced by the JSE SENS Department.
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