| Fri 30 Sep 2011, 8:51 | | 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 7 October 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
30 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 exploration, development and mining company
operating in South Africa. CoAL`s key projects include the Vele Colliery
(coking and thermal 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 Mtpa. The Woestalleen Colliery, acquired through the
acquisition of NuCoal Mining (Pty) Limited in January 2010, currently
processes approximately 2.5Mtpa of saleable coal for domestic and export
markets. The Woestalleen Complex also incorporates three beneficiation plants
with a total processing capacity of 350,000 run of mine feed tonnes per month.
CoAL`s Vele Colliery is expected to start production in the first half of
2012. During the initial phase, the operation is targeting 2.7 Mtpa ROM
production to produce 1.0Mtpa saleable coking coal.. The Makhado Project,
CoAL`s flagship project in the Soutpansberg coalfield, is well into the
feasibility stage, with a Definitive Feasibility Study nearing completion. An
application for a New Order Mining Right for the Makhado Project was submitted
in January 2011.
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. Upon completion, 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: 30/09/2011 08:51:05 Produced by the JSE SENS Department.
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