TIDMCZA

RNS Number : 6167E

Coal of Africa Limited

11 April 2011

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement,

application for quotation of additional securities

and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

 
Name of entity 
              Coal of Africa Limited 
------------------------------------ 
 
 
ABN 
              98 008 905 388 
---------------------------- 
 

We (the entity) give ASX the following information.

Part 1 -- All issues

You must complete the relevant sections (attach sheets if there is not enough space).

 
     +Class of +securities 
 1    issued or to be issued        Shares 
                                   --------------------------------- 
 
     Number of +securities 
      issued or to be issued 
      (if known) or maximum 
      number which may be 
 2    issued                        500,000 
 
 3   Principal terms of                          Fully paid ordinary 
      the +securities (eg, 
      if options, exercise 
      price and expiry date; 
      if partly paid +securities, 
      the amount outstanding 
      and due dates for payment; 
      if +convertible securities, 
      the conversion price 
      and dates for conversion) 
                                   --------------------------------- 
 
 
 
                     Do the 
                     +securities rank 
                     equally in all 
                     respects from the 
                     date of allotment 
                     with an existing 
                     +class of quoted 
                     +securities? If 
                     the additional 
                     securities do not 
                     rank equally, 
                     please state: -- 
                     the date from 
                     which they do -- 
                     the extent to 
                     which they 
                     participate for 
                     the next 
                     dividend, (in the 
                     case of a trust, 
                     distribution) or 
                     interest payment 
                     -- the extent to 
                     which they do not 
                     rank equally, 
                     other than in 
                     relation to the 
                     next dividend, 
                     distribution or 
 4                   interest payment    Yes 
                                        -------------------------------------- 
 
                  Issue price or 
 5                consideration          $0.50 each 
                                        -------------------------------------- 
 
                  Purpose of the issue 
                  (If issued as 
                  consideration for 
                  the acquisition of 
                  assets, clearly                     Conversion of unlisted options 
                  identify those                       exercisable at $0.50 each on 
              6   assets)                              or before 30 September 2011. 
                                        -------------------------------------------- 
 
                    Dates of entering 
                    +securities into 
                    uncertificated 
                    holdings or 
                    despatch of 
 7                  certificates         11 April 2011 
                                        -------------------------------------------- 
 
                                                      Number                +Class 
                                        --------------------  ---------------------- 
                    Number and +class 
                    of all +securities 
                    quoted on ASX 
                    (including the 
                    securities in 
                    clause 2 if                                Fully paid ordinary 
 8                  applicable)                  531,139,661    shares 
 
 
 
 
 
 
                                             Number                    +Class 
                               ------------------------  --------------------- 
 9    Number and +class of                    8,450,000   Class A Options 
      all +securities not                       250,000    exercisable at 
      quoted on ASX                           7,000,000    $0.50 each on 
      (including the                          1,000,000    or before 30 
      securities in clause 2                    600,000    September 2011. 
      if applicable)                          1,650,000    Class B Options 
                                              5,000,000    exercisable at 
                                                912,500    $2.05 each on 
                                              2,500,000    or before 1 May 
                                              1,540,561    2012. 
                                                      1    Class D Options 
                                                           exercisable at 
                                                           $1.25 each on 
                                                           or before 30 
                                                           September 2012. 
                                                           Class G Options 
                                                           exercisable at 
                                                           $1.90 each on 
                                                           or before 30 
                                                           September 2012. 
                                                           Class H Options 
                                                           exercisable at 
                                                           $1.25 on or before 
                                                           1 May 2012. 
                                                           Class I Options 
                                                           exercisable at 
                                                           $3.25 on or before 
                                                           31 July 2012. 
                                                           Class J Options 
                                                           exercisable at 
                                                           $2.74 on or before 
                                                           30 November 2014. 
                                                           Class K Options 
                                                           exercisable at 
                                                           $1.90 on or before 
                                                           30 June 2014. 
                                                           Class C Options 
                                                           exercisable at 
                                                           $1.20 on or before 
                                                           9 November 2015 
                                                           ESOP Options 
                                                           exercisable at 
                                                           $1.40 on or before 
                                                           30 September 
                                                           2015 
                                                           Option to subscribe 
                                                           for 50 million 
                                                           ordinary shares 
                                                           for 60 pence 
                                                           each between 
                                                           1 November 2010 
                                                           and 1 November 
                                                           2014, as approved 
                                                           by shareholders 
                                                           on 22 April 2010. 
                               ------------------------  --------------------- 
 
 10   Dividend policy (in the                Not applicable 
      case of a trust, 
      distribution policy) on 
      the increased capital 
      (interests) 
                               ----------------------------------------------- 
 

Part 2 -- Bonus issue or pro rata issue

Questions 11 to 33 - Not Applicable

Part 3 -- Quotation of securities

You need only complete this section if you are applying for quotation of securities

 
 34    Type of securities 
        (tick one) 
 (a)     Securities described in Part 1 
 
 (b)     All other securities 
          Example: restricted securities at the end of the 
          escrowed period, partly paid securities that become 
          fully paid, employee incentive share securities 
          when restriction ends, securities issued on expiry 
          or conversion of convertible securities 
 

Questions 35 to 42 - Not Applicable

Quotation agreement

1 +Quotation of our additional +securities is in ASX's absolute discretion. ASX may quote the +securities on any conditions it decides.

2 We warrant the following to ASX.

-- The issue of the +securities to be quoted complies with the law and is not for an illegal purpose.

-- There is no reason why those +securities should not be granted +quotation.

-- An offer of the (+) securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

-- Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any +securities to be quoted and that no-one has any right to return any +securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the +securities be quoted.

-- We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the +securities to be quoted, it has been provided at the time that we request that the +securities be quoted.

-- If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the +securities be quoted.

3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before +quotation of the +securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: Date: 11 April 2011

(Company secretary)

Print name: SHANNON COATES

This information is provided by RNS

The company news service from the London Stock Exchange

END

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