| Tue 18 Oct 2011, 7:05 | | CZA - Coal of Africa Limited - Appendix 3b new issue announcement |
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CZA
CZA
CZA - Coal of Africa Limited - Appendix 3b new issue announcement,
application for quotation of additional securities and agreement
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
AIM Share code: CZA
ISIN AU000000CZA6
(`CoAL` or `the Company`)
APPENDIX 3B NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL
SECURITIES AND AGREEMENT
CoAL, today, 18 October 2011, submitted to the Australian Securities
Exchange ("ASX") an Appendix 3B "New issue announcement, application for
quotation of additional securities and agreement" in respect of 144,912
ordinary shares, at an issue price of R7.2457 each pursuant to an
employment agreement with the Managing Director of the wholly owned NiMag
Group of companies.
Following the admission of the Shares, the number of Ordinary Shares on
issue will be 532,284,573.
QUOTE
NAME OF ENTITY
Coal of Africa Limited
ABN
98 008 905 388
We (the entity) give ASX the following information
PART 1 - ALL ISSUES
1. Class of securities issued or to be issued
Shares
2. Number of securities issued or to be issued (if known) or maximum
number which may be issued
144,912 shares
3. Principal terms of the securities (eg, if options, exercise price and
expiry date; if partly paid securities, the amount outstanding and due
dates for payment; if convertible securities, the conversion price and
dates for conversion)
Fully paid ordinary
4. Do the securities rank equally in all respects from the date of
allotment with an existing class of quoted securities?
- If the additional securities do not rank equally, please state:
- the date from which they do
- the extent to which they participate for the next dividend, (in the
case of a trust, distribution) or interest payment
- the extent to which they do not rank equally, other than in relation
to the next dividend, distribution or interest payment
Yes
5. Issue price or consideration
Deemed issue price of R7.2457 ($0.92) each
6. Purpose of the issue:
(If issued as consideration for the acquisition of assets, clearly
identify those assets)
Shares issued to senior manager of subsidiary pursuant to employment
agreement.
7. Dates of entering securities into uncertificated holdings or despatch
of certificates
18 October 2011
8. Number and class of all securities quoted on ASX (including the
securities in clause 2 if applicable)
Number Class
532,284,573 Fully paid ordinary shares
9. Number and class of all securities not quoted on ASX (including the
securities in clause 2 if applicable)
Number Class
250,000 Class B Options exercisable at $2.05 each
on or before 1 May 2012
7,000,000 Class D Options exercisable at $1.25 each
on or before 30 September 2012
1,000,000 Class G Options exercisable at $1.90 each
on or before 30 September 2012
600,000 Class H Options exercisable at $1.25 on
or before 1 May 2012
1,650,000 Class I Options exercisable at $3.25 on
or before 31 July 2010
5,000,000 Class J Options exercisable at $2.74 on
or before 30 November 2014
818,500 (1) Class K Options exercisable at $1.90 on
or before 30 June 2014
2,500,000 Class C Options exercisable at $1.20 on
or before 9 November 2015
1,441,061 ESOP Options exercisable at $1.40 on or
(1) before 30 September 2015
1 Option to subscribe for 50 million
ordinary shares for 60 pence each between
1 November 2010 and 1 November 2014, as
approved by shareholders on 22 April 2010
Note 1: 94,000 Class K Options and 99,500 ESOP Options expired on
resignation of employees.
10. Dividend policy (in the case of a trust, distribution policy) on the
increased capital (interests)
Not applicable
PART 2 - BONUS ISSUE OR PRO RATA ISSUE
Questions 11 to 33 - Not Applicable
PART 3 - QUOTATION OF SECURITIES
34. Type of securities (tick one)
a. Securities described in Part 1 (Yes)
b. All other securities (No)
Questions 35 to 42 - Not Applicable
QUOTATION AGREEMENT
1. Quotation of our additional securities is in ASX`s absolute
discretion. ASX may quote the securities on any conditions it decides.
2. We warrant the following to ASX.
- The issue of the securities to be quoted complies with the law and is
not for an illegal purpose.
- There is no reason why those securities should not be granted
quotation.
- An offer of the securities for sale within 12 months after their issue
will not require disclosure under section 707(3) or section 1012C(6)
of the Corporations Act.
- Note: An entity may need to obtain appropriate warranties from
subscribers for the securities in order to be able to give this
warranty
- Section 724 or section 1016E of the Corporations Act does not apply to
any applications received by us in relation to any securities to be
quoted and that no-one has any right to return any securities to be
quoted under sections 737, 738 or 1016F of the Corporations Act at the
time that we request that the securities be quoted.
- We warrant that if confirmation is required under section 1017F of the
Corporations Act in relation to the securities to be quoted, it has
been provided at the time that we request that the securities be
quoted.
- If we are a trust, we warrant that no person has the right to return
the securities to be quoted under section 1019B of the Corporations
Act at the time that we request that the securities be quoted.
3. We will indemnify ASX to the fullest extent permitted by law in
respect of any claim, action or expense arising from or connected with
any breach of the warranties in this agreement.
4. We give ASX the information and documents required by this form. If
any information or document not available now, will give it to ASX
before quotation of the securities begins. We acknowledge that ASX is
relying on the information and documents. We warrant that they are
(will be) true and complete.
Signed: 18 October 2011
Company Secretary: Shannon Coates
UNQUOTE
Johannesburg
18 October 2011
Sponsor
Macquarie First South Capital (Pty) Ltd
Date: 18/10/2011 07:05:01 Produced by the JSE SENS Department.
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