| Wed 1 Feb 2012, 7:06 | | CZA - Coal of Africa Limited - Issue of shares and secondary trading notice |
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CZA
CZA
CZA - Coal of Africa Limited - Issue of shares and secondary trading notice
Coal of Africa Limited
(Incorporated and registered in Australia)
(Registration number ABN 008 905 388)
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")
ISSUE OF SHARES AND SECONDARY TRADING NOTICE
Coal of Africa Limited (`CoAL` or the `Company`) confirms it has today issued
200,000 ordinary shares ("Shares") to employees of the Company following an
award by the Remuneration Committee.
Application has been made for the 200,000 Shares to be admitted to trading on
the AIM market of the London Stock Exchange ("Admission"). Admission is
expected to become effective on 2 February 2012. The Shares will rank pari passu
with the Company`s existing Shares.
Following the admission of the Shares, the number of Shares on issue will be
662,484,573.
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 1 February 2012, 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 1 February 2012 there is no information:
that has been excluded from a continuous disclosure notice in accordance with
the ASX Listing Rules; and
that investors and their professional advisers would reasonably require for the
purpose of making an informed assessment of:
the assets and liabilities, financial position and performance, profits and
losses and prospects of the Company; or
the rights and liabilities attaching to the relevant Shares
Authorised by
Shannon Coates
Company Secretary
31 January 2012
Johannesburg
JSE Sponsor
J.P. Morgan Equities Limited
For more information contact:
John Wallington
Chief Executive Officer
Coal of Africa
+27 11 575 4363
Wayne Koonin
Financial Director
Coal of Africa
+27 11 575 4363
Shannon Coates
Company Secretary
Coal of Africa
+61 893 226 776
Chris Sim/Romil Patel/Jeremy Ellis
Nominated Adviser
Evolution Securities
+44 20 7071 4300
Jos Simson/Emily Fenton
Financial PR (United Kingdom)
Tavistock
+44 207 920 3150
Ruben Govender
JSE Sponsor
J.P. Morgan Equities Limited
+27 11 507 0430
Charmane Russell/James Duncan
Financial PR (South Africa)
Russell & Associates
+27 11 880 3924
+27 82 372 5816
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 started commercial production in Q1 2012. During the
initial phase, the operation is targeting 2.7 Mtpa ROM production to produce
1.0Mtpa of 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: 01/02/2012 07:06:26 Produced by the JSE SENS Department.
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