Last checked at 13 Feb 2015 07:00
ANNOUNCEMENT 13 February 2015
Directorate Changes
Coal of Africa ("CoAL" or "the Company") announces Michael Meeser, Executive Director and Chief Financial Officer has resigned to pursue other interests. Mr Meeser will remain with the Company for a period of three months until the end of April 2015 to assist in the transition of responsibilities.
David Brown, CEO of CoAL commented: "On behalf of the board I would like to thank Michael for his pivotal role in the execution of the five point turnaround strategy. The last 18 months has been a crucial period for the repositioning of the Company and Michael has contributed to the sale of non-core assets, the finalisation of the short term loan obtained and the recent share placement. The Company has commenced the process for the appointment of a successor and will advise on developments in due course"
AUTHORISED BY:
David Brown
Chief Executive Officer
For more information contact:
David Brown | Chief Executive Officer | Coal of Africa | +27 10 003 8000 |
Michael Meeser | Chief Financial Officer | Coal of Africa | +27 10 003 8000 |
Celeste Harris | Investor Relations | Coal of Africa | +27 10 003 8038 |
Tony Bevan | Company Secretary | Endeavour Corporate Services | +61 8 9316 9100 |
Company advisors:
Jos Simson/Emily Fenton | Financial PR (United Kingdom) | Tavistock | +44 20 7920 3150 |
Chris Sim/Jeremy Ellis | Nominated Adviser | Investec Bank plc | +44 20 7597 5970 |
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).