Last checked at 14 Aug 2015 12:00
ANNOUNCEMENT 14 August 2015
Despatch of Notice of General Meeting
Coal of Africa Limited ("CoAL" or "the Company"), the coal exploration, development and mining company operating in South Africa and traded on the ASX, AIM and JSE (ticker 'CZA'), announces that it has dispatched its Notice of General Meeting and accompanying proxy forms for the meeting to be held at 10am (BST) on 14 September 2015. The documents have been posted to shareholders and are available on the Company`s website www.coalofafrica.com. As previously announced, the Extraordinary General Meeting ("EGM") is being held to consider and, if thought fit, approve the issue of up to 183,231,261 new shares in the Company at an issue price of GBP0.0515 per share for an aggregate gross consideration of approximately GBP9.4 million (approximately US$14.7 million), which is currently held in escrow.
The shares are to be issued to Yishun Brightrise Investment PTE Limited ("Yishun"). Yishun is a private investment company with a focus on mineral investments and has interests in coal and nickel in both China and Indonesia and will via this transaction expand its investments into Africa.
The meeting will be held at:
Tavistock Communications, 8th Floor, 131 Finsbury Pavement, London, EC2A 1NT.
AUTHORISED BY:
Tony Bevan
Company Secretary
For more information contact:
David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
De Wet Schutte | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
Celeste Riekert | Investor Relations | Coal of Africa | +27 10 003 8000 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 08 9316 9100 |
Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Matthew Armitt/Ross Allister | Nominated Adviser | Peel Hunt LLP
| +44 20 7418 8900 |
Charmane Russell/Jane Kamau | Financial PR (South Africa) | Russell & Associates | +27 11 880 3924 or +27 82 372 5816 |
Investec Bank Limited is the nominated JSE Sponsor
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 /MbeuYashu, including CoAL's Makhado Project (coking and thermal coal).