| Tue 26 Jun 2012, 12:53 | | 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
Following approval at the Company`s General Meeting held on 22 June 2012, CoAL
confirms it has today issued 3,839,255 ordinary shares ("Shares") for no
consideration, representing 0.58% of the issued share capital of the Company
on an undiluted basis. Shares issued to Directors and persons discharging
managerial responsibility comprise:
Director/Manager Shares Awarded Resultant Percentage of
Shareholding Issued Share
Capital
John Wallington 250,000 250,000 0.04%
Wayne Koonin 175,000 230,000 0.03%
Richard Linnell 916,575 1,704,125 0.26%
Simon Farrell 1,833,150 4,704,941 0.71%
Peter Cordin 458,300 871,059 0.13%
Stephen Rowse 91,660 91,660 0.01%
Application has been made for the 3,839,255 Shares to be admitted to trading
on the AIM market of the London Stock Exchange ("Admission"). Admission is
expected to become effective on or around 2 July 2012. The Shares will rank
pari passu with the Company`s existing Shares.
Following Admission, the number of Shares on issue will be 666,323,828.
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 26 June 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 26 June 2012 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
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 89 322 6776
Sakhile Ndlovu
Investor Relations
Coal of Africa
+27 11 575 6858
Charmane Russell/Jane Kamau
Financial PR (South Africa)
Russell & Associates
+27 11 880 3924
+27 82 372 5816
Jos Simson/Emily Fenton
Financial PR (United Kingdom)
Tavistock
+44 20 7920 3150
Chris Sim/Jeremy Ellis/Neil Elliot
Nominated Adviser
Investec
+44 20 7597 5970
Ruben Govender
JSE Sponsor
J.P. Morgan Equities Limited
+27 11 507 0430
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 Greater Soutpansberg Project, including CoAL`s
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 (ROM) feed tonnes per
month.
CoAL`s Vele Colliery commenced 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 having been reviewed by the CoAL Board in March 2012. An
application for a New Order Mining Right for the Makhado Project was submitted
in January 2011.
In May 2012, CoAL acquired the Chapudi coal project and several other coal
exploration properties in the Soutpansberg coal basin in South Africa,
subsequently renamed the Greater Soutspansberg Project, from the previous
owners, including Rio Tinto. The Greater Soutpansberg Project is a
consolidation of nine potential coking and thermal coal assets grouped into
three proximate regions, namely Mopane, Makhado and Chapudi. The acquisition
of these assets strengthens Coal of Africa`s position as one of the most
substantial holders of prospecting and mining rights for coking coal in South
Africa`s Soutpansberg coalfield.
Date: 26/06/2012 12:53:28 Produced by the JSE SENS Department.
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