CZA Coal of Africa

 

TIDMCZA 
 
RNS Number : 0902D 
Coal of Africa Limited 
26 November 2009 
 
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ANNOUNCEMENT 26 NOVEMBER 2009 
CONVERSION OF OPTIONS AND SECONDARY TRADING NOTICE 
 
 
Coal of Africa Limited ('CoAL' or the 'Company') confirms it has today issued 
91,817 ordinary shares pursuant to the exercise of Class E Options at an 
exercise price of 65 pence per share ("Shares"). 
Application will be made for the 91,817 Shares to be admitted to trading on the 
London Stock Exchange's AIM market for listed securities ("Admission"). 
Admission is expected to become effective on 1 December 2009. The Shares will 
rank pari passu with the Company's existing Ordinary Shares. 
Following the admission of the Shares, the number of Ordinary Shares on issue 
will be 474, 413,911. 
An Appendix 3B will be lodged following this announcement. 
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 November 2009, 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 November 2009 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: 
  *  the assets and liabilities, financial position and performance, profits and 
  losses and prospects of the Company; or 
  *  the rights and liabilities attaching to the relevant Shares. 
 
 
 
 
 
 
 
 
 
 
 
AUTHORISED BY: 
Shannon Coates 
Company Secretary 
 
 
 
 
 
 
For more information contact: 
Simon Farrell, Managing Director CZA +61 417 985 383  or +61 8 9322 6776 
Peter Bacchus/ Alastair Cochran 
Morgan Stanley                                     +44(0) 20 7425 8000 
Simon Edwards/ Chris Sim    Evolution Securities+44(0) 20 7071 4300 
Jos Simson/ Leesa PetersConduit PR 
+44(0) 20 7429 6603 
Melanie de NysschenMacquarie First South Advisers+27(11) 583 2000 
 
 
About CoAL: 
Coal of Africa Limited ("CoAL") is an AIM/ASX/JSE listed coal mining and 
development company operating in South Africa.  CoAL has three key projects 
including the 113 million tonne ('mt') Mooiplaats thermal coal mine, the 656 mt 
Vele coking coal project and the 1.3 bn tonne Makhado coking coal project 
(including the Rio farm swap). 
 
 
The Mooiplaats coal mine commenced production in 2008 and is currently ramping 
up to produce 2 mtpa. CoAL's Vele and Makhado coking coal projects are expected 
to start production in H1 2010 and 2011 respectively producing an initial 2 mtpa 
rising to a combined annual output of 10 mtpa of coking coal. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 CONUVRNRKVRAUAA 
 

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