WESCOAL HOLDINGS LIMITED - Funding secured for the MacPhail acquisition and the Properties acquisition
WSL 201310300030A
Funding secured for the MacPhail acquisition and the Properties acquisition
WESCOAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/006913/06)
JSE Share code: WSL & ISIN: ZAE000069639
("Wescoal" or "the Company")
Funding secured for the Macphail acquisition and Properties acquisition
Capitalised terms used and not otherwise herein defined, have the meanings ascribed
thereto in the Previous Announcements.
Shareholders are referred to the various announcements regarding the MacPhail acquisition
and the Properties acquisition (“the acquisitions”). Shareholders are advised that Wescoal
and its subsidiary Blanford, have secured funding for an amount of R79 million from Investec
Bank for the acquisitions. Wescoal’s subsidiaries, Chandler Coal and Wescoal Mining, have
secured an amount of R100 million from Reichmans Proprietary Limited to fund the working
capital requirements of the acquisitions.
Corporate adviser & Sponsor Legal adviser
Exchange Sponsors KWA Attorneys
Johannesburg
30 October 2013
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