| Fri 9 Sep 2011, 7:05 | | 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
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
JSE Share code: CZA
ASX Share code: CZA
AIM Share code: CZA
ISIN AU000000CZA6
("CoAL" or the "Company")
CONVERSION OF OPTIONS AND SECONDARY TRADING NOTICE
CoAL confirms it has today issued 500,000 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 500,000 Shares to be admitted to trading
on the AIM market of the London Stock Exchange ("Admission"). Admission is
expected to become effective on 9 September 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 531,639,661.
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 9 September 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 9 September 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
09 September 2011
JSE Sponsor
Macquarie First South Capital (Pty) Ltd
For more information contact
John Wallington Chief Executive Coal of Africa +27 11 575 7423
Officer
Wayne Koonin Financial Coal Of Africa +27 11 575 6797
Director
Shannon Coates Company Coal of Africa +61893 226 776
Secretary
Chris Sim/ Romil Nominated Evolution +44 20 7071 4300
Patel Adviser Securities
Melanie de JSE Sponsor Macquarie First +27 11 583 2000
Nysschen/Annerie South Capital
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 Vele Colliery (coking
coal), the Makhado Project (coking coal) and the Mooiplaats and Woestalleen
Collieries (both thermal coal).
The Mooiplaats Colliery commenced production in 2008 and is currently
ramping up to produce 2 million tonnes per annum ("Mtpa"). CoAL`s Vele
Colliery and Makhado Project are expected to start production in the first
half of 2012 and the second half of 2014 respectively. These operations are
targeted to collectively produce an initial 1Mtpa 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 Colliery. 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. The
Woestalleen Colliery also incorporates two beneficiation plants with a total
processing capacity of 350,000 run of mine feed tonnes per month.
In November 2010, CoAL agreed to acquire the Chapudi coal project and
several other coal exploration properties in the Soutpansberg coal basin in
South Africa from the previous owners, including Rio Tinto. When completed,
the acquisition of these projects will significantly extend the scale and
scope of certain of CoAL`s existing projects in the region and will more
than double the resource of the existing Makhado Project.
Date: 09/09/2011 07:05:16 Produced by the JSE SENS Department.
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