| Fri 18 Mar 2011, 7:06 | | CZA - Coal of Africa Limited - Conversion of options and secondary trading |
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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)
JSE Share code: CZA
ASX Share code: CZA
ISIN AU000000CZA6
("CoAL" or the "Company")
CONVERSION OF OPTIONS AND SECONDARY TRADING NOTICE
Coal of Africa Limited (`CoAL` or the `Company`) confirms it has today issued
124,998 ordinary shares pursuant to the exercise of Class A Options at an
exercise price of 50 cents per share ("Shares").
Application has been made for the 124,998 Shares to be admitted to trading on
the London Stock Exchange`s AIM market for listed securities ("Admission").
Admission is expected to become effective on 23 March 2011. The Shares will rank
pari passu with the Company`s existing Ordinary Shares.
Following the admission of the Shares, the number of Ordinary Shares on issue
will be 530,639,661.
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 18 March 2011, 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 18 March 2011 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
Bryanston
18 March 2011
JSE Sponsor
Macquarie First South Advisers (Pty) Ltd
For more information contact
John Wallington Chief Executive Coal of Africa +27 11 575 7423
Officer
Blair Sergeant Finance Director Coal of Africa +61 893 226 776
Shannon Coates Company Coal of Africa +61 893 226 776
Secretary
Chris Sim Nominated Evolution +44 20 7071 4300
Adviser Securities
Melanie de JSE Sponsor Macquarie First +27 11 583 2000
Nysschen/Annerie South Advisers
Britz/Yvette
Labuschagne
Jos Simson/Emily Financial PR Tavistock +44 207 920 3150
Fenton
www.coalofafrica.com
About CoAL:
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 Makhado coking coal
project is expected to start production in 2013 and timing for Vele to reach
production is still to be confirmed. These operations are targeted to
collectively produce an initial 2Mtpa ramping up to a combined annual output of
10Mtpa of coking coal.
In 2010, CoAL completed the ZAR467m 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.
Date: 18/03/2011 07:06:01 Produced by the JSE SENS Department.
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