| Fri 30 Oct 2009, 11:35 | | CZA - Coal of Africa Limited - Appendix 3B New Issue Announcement |
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CZA
CZA
CZA - Coal of Africa Limited - Appendix 3B New Issue Announcement,
Application For Quotation Of Additional Securities And Agreement
Coal of Africa Limited
(previously, "GVM Metals Limited")
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
JSE/ASX/AIM Share code: CZA
ISIN AU000000CZA6
(`CoAL` or `the Company`)
APPENDIX 3B NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL
SECURITIES AND AGREEMENT
CoAL, today, Friday 30 October 2009, submitted to the Australian Securities
Exchange ("ASX") an Appendix 3B "New issue announcement, application for
quotation of additional securities and agreement" in respect of 59,867,731
fully paid ordinary shares at a deemed issue price of 95 pence.
Following the admission of the shares, the number of ordinary shares on issue
will be 474,242,606.
QUOTE
Name of entity
Coal of Africa Limited
ABN
98 008 905 388
We (the entity) give ASX the following information.
PART 1 ALL ISSUES
1. Class of securities issued or to be issued
Shares
2. Number of securities issued or to be issued (if known) or maximum number
which may be issued
59,867,731 shares
3. Principal terms of the 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)
Fully paid ordinary
4. Do the securities rank equally in all respects from the date of
allotment with an existing class of quoted securities?
- 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
Yes
5. Issue price or consideration
GBP0.95each
6. Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly
identify those assets)
The Company intends to use the net proceeds of the Placing to fund the
ZAR650m acquisition of the entire issued share capital of NuCoal Mining
(Pty) Limited (the "Acquisition") with the remainder being used for some
or all of the following: to increase logistics capacity (including the
first instalment of capital required to effect wagon acquisitions from
Transnet Freight Rail), to accelerate capex at the Vele and Makhado
projects, to pursue other smaller, opportunistic bolt on acquisitions of
coal projects, and for general working capital requirements.
In the event that the Acquisition does not complete, the Company
envisages using those proceeds earmarked for the Acquisition to
accelerate expansion of logistic facilities at the Matola Terminal and
Maputo port, for alternative acquisitions and for general working
capital purposes.
7. Dates of entering securities into uncertificated holdings or despatch of
certificates
3 November 2009
8. Number and class of all securities quoted on ASX (including the
securities in clause 2 if applicable)
Number Class
474,242,606 Fully paid ordinary shares
9. Number and class of all securities not quoted on ASX (including the
securities in clause 2 if applicable)
Number Class
9,200,000 Class A Options exercisable at $0.50 each on or before 30
September 2011
250,000 Class B Options exercisable at $2.05 each on or before 1
May 2012
7,000,000 Class D Options exercisable at $1.25 each on or before 30
September 2012
171,305 Class E Options exercisable at GBP0.65 each on or before
30 November 2009
1,000,000 Class G Options exercisable at $1.90 each on or before 30
September 2012
600,000 Class H Options exercisable at $1.25 on or before 1 May
2012
1,650,000 Class I Options exercisable at $3.25 on or before 31 July
2010
10. Dividend policy (in the case of a trust, distribution policy) on the
increased capital (interests)
Not applicable
PART 2 BONUS ISSUE OR PRO RATA ISSUE
Questions 11 to 33 - Not Applicable
PART 3 QUOTATION OF SECURITIES
34. Type of securities (tick one)
a. Securities described in Part 1 (Yes)
b. All other securities (No)
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.
Signed: 30 October 2009
Company secretary: Shannon Coates
UNQUOTE
Johannesburg
30 October 2009
Sponsor
Macquarie First South Advisers (Pty) Ltd
Date: 30/10/2009 11:35:01 Produced by the JSE SENS Department.
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