| Tue 3 Nov 2009, 7:05 | | CZA - Coal of Africa Limited - Secondary Trading Notice |
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CZA
CZA
CZA - Coal of Africa Limited - Secondary Trading Notice
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`)
SECONDARY TRADING NOTICE
Coal confirms it has today, Tuesday, 3 November 2009, issued 59,867,731
ordinary shares to sophisticated and institutional investors who are clients
of J.P. Morgan Cazenove, Evolution Securities and Mirabaud Securities at an
issue price of 95 pence per share.
Following the admission of the shares, the number of ordinary shares on issue
will be 474, 242,606.
An Appendix 3B was lodged on 30 October 2009.
QUOTE
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 3 November 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 3 November 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.
UNQUOTE
AUTHORISED BY:
Shannon Coates
Company Secretary
For more information contact:
Simon Farrell, Managing Director
Coal of Africa
+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
Melanie de Nysschen / Thembeka Mgoduso
Macquarie First South Advisers
+27(11) 583 2000
Johannesburg
3 November 2009
Sponsor
Macquarie First South Advisers (Pty) Ltd
About CoAL:
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and
development company operating in South Africa. CoAL has three key projects
including the 113 million tonne (`mt`) Mooiplaats thermal coal mine, the 656Mt
Vele coking coal project and the 1bn tonne Makhado coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 mtpa. CoAL`s Vele and Makhado coking coal projects are
expected to start production in H1 2010 and Q4 2011 respectively producing an
initial 2 mtpa rising to a combined annual output of 10 mtpa of coking coal.
Date: 03/11/2009 07:05:06 Produced by the JSE SENS Department.
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