| Tue 22 Jun 2010, 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 of Africa Limited (`CoAL` or the `Company`) confirms it had, yesterday,
Monday 21 June 2010, issued 50,000,000 ordinary shares to sophisticated and
institutional investors who are clients of J.P. Morgan Securities Ltd, Macquarie
First South Advisers (Pty) Limited, Evolution Securities Limited and Mirabaud
Securities LLP at an issue price of 110 pence per share.
Following the admission of the Shares, the number of Ordinary Shares on issue
will be 530,514,663
An Appendix 3B was lodged on 16 June 2010.
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 21 June 2010, 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 21 June 2010 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:
Coal Of Africa
Simon Farrell, +61 417 985 383
Blair Sergeant, +27 11 785 4518
Azure Capital
Geoff Ward/Ryan Rockwood, +61 8 6263 0888
Evolution Securities
Simon Edwards/Chris Sim, +44 20 7071 4300
Conduit PR
Jos Simson/Leesa Peters, +44 20 7429 6603
Macquarie First South Advisers (Pty) Ltd
Melanie de Nysschen/Annerie Britz, +27 11 583 2000
Johannesburg
22 June 2010
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`s key projects include the
Woestalleen Colliery, the Mooiplaats thermal coal mine, the Vele coking coal
project and the Makhado coking coal project.
The Mooiplaats coal mine commenced production in 2008 and is currently ramping
up to produce 2 million tonnes per annum ("Mtpa"), CoAL`s Vele and Makhado
coking coal projects are expected to start production in Q3 2010 and Q1 2012
respectively, collectively producing an initial 2 Mtpa rising to a combined
annual output of 10 Mtpa of coking coal.
In 2010, CoAL completed the ZAR650m acquisition of NuCoal Mining (Pty) Limited
("NuCoal"), a thermal coal producer with assets in South Africa in close
proximity to CoAL`s Mooiplaats mine. NuCoal owns the Woestalleen Colliery, which
has a number of off-take contracts in place and processes approximately 2.5Mtpa
of saleable coal for domestic and export markets. NuCoal also owns two
beneficiation plants, one fully operational mine producing approximately 300kt
per month of ROM coal and has recently commenced production at a second mine.
CoAL currently has 1 Mtpa export capacity at the Matola Terminal in Maputo,
Mozambique, increasing to 3 Mtpa on completion of the next phase of expansion at
the terminal. CoAL also has the option to participate in further expansion at
the Matola Terminal, which is expected to increase the capacity at the terminal
by an additional 10 Mtpa.
Date: 22/06/2010 07:05:01 Produced by the JSE SENS Department.
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