23 Apr 2015 07:00
ANNOUNCEMENT 23 April 2015
Director Notification
Pursuant to Rule 17 of the AIM Rules for Companies ("AIM Rules"), Coal of Africa Limited ("CoAL" or the "Company") announces the following required director's disclosure.
Thabo Mosololi, a non-executive director of CoAL, has informed the Company that Evraz Highveld Steel and Vanadium Limited, a company of which Mr Mosololi is also a director, has commenced voluntary business rescue proceedings in terms of section 129 of the South African Companies Act 2008
Save as disclosed above, there is no further information to be disclosed under the AIM Rules.
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 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 |
Chris Sim/George Price/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).
Mc Mining (MCM)