TIDMCZA
RNS Number : 0445L
Coal of Africa Limited
23 April 2015
Rule 5.3
Appendix 5B
Mining exploration entity quarterly report
Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98,
30/9/2001, 01/06/10.
Name of entity
Coal of Africa Limited
----------------------
ABN Quarter ended ("current quarter")
98 008 905 388 31 March 2015
-------------- ---------------------------------
Consolidated statement of cash flows
Year to
Cash flows related to operating Current date
activities quarter (9 months)
US$'000 US$'000
---------- ------------
Receipts from product
1.1 sales and related debtors - 1,318
Payments for (a) exploration
1.2 & evaluation (1,545) (1,701)
(b) development (697) (2,190)
(c) operations on care
and maintenance (246) (1,234)
(d) logistics - -
(e) administration (2,189) (7,419)
1.3 Dividends received - -
Interest and other items
of a similar nature
1.4 received 214 429
Interest and other costs
1.5 of finance paid - (1,215)
1.6 Income taxes paid - -
Other (provide details
1.7 if material) (1,437) (12,776)
Net Operating Cash Flows (5,900) (24,788)
----- ----------------------------------------------- ---------- ------------
Cash flows related to
investing activities
Payment for purchases
of: (a) prospects (1,000) (7,300)
(b) equity investments - -
1.8 (c) other fixed assets - -
Proceeds from sale of:
1.9 (a) prospects 128 128
(b) equity investments 150 323
(c) other fixed assets - -
1.10 Loans to other entities - -
1.11 Loans repaid by other - -
entities
Other (provide details
1.12 if material) (406) 2,914
Net investing cash flows (1,128) (3,935)
---------- ------------
Total operating and
investing cash flows
1.13 (carried forward) (7,028) (28,723)
----- ----------------------------------------------- ---------- ------------
Total operating and
investing cash flows
1.13 (brought forward) (7,028) (28,723)
----- --------------------------
Cash flows related
to financing activities
Proceeds from issues
of shares, options,
1.14 etc. - 45,987
1.15 Proceeds from pending - -
issues of shares*
1.16 Proceeds from sale - -
of forfeited shares
1.17 Proceeds from borrowings - -
1.18 Repayment of borrowings - (5,815)
1.19 Dividends paid - -
1.20 Other (provide details - -
if material)
-------- ---------
Net financing cash
flows - 40,172
----- -------------------------- ---------
Net increase (decrease)
in cash held (7,028) 11,449
Cash at beginning
of quarter/year to
1.21 date 20,572 2,099
1.22 Exchange rate adjustments (41) (45)
-------- ---------
1.23 Cash at end of quarter 13,503 13,503
----- -------------------------- -------- ---------
Payments to directors of the entity and associates of the
directors
Payments to related entities of the entity and associates of the
related entities
Current quarter
US$'000
----------------
Aggregate amount of payments
to the parties included in
1.23 item 1.2 232
----------------
-
1.24 Aggregate amount of loans
to the parties included in
item 1.10
------- ------------------------------- ----------------
1.25 Explanation necessary for an understanding
of the transactions
Non-cash financing and investing activities
2.1 Details of financing and investing transactions
which have had a material effect on consolidated
assets and liabilities but did not involve
cash flows
2.2 Details of outlays made by other entities
to establish or increase their share
in projects in which the reporting entity
has an interest
Financing facilities available
Add notes as necessary for an understanding of the position.
Amount available Amount used
US$'000 US$'000
3.1 Loan facilities - -
------------------ -------------
3.2 Credit standby arrangements - -
---- ----------------------------- ------------------ -------------
Estimated cash outflows for next quarter
US$'000
--------
4.1 Exploration and evaluation 405
--------
4.2 Development 677
--------
4.3 Production 762
--------
4.4 Logistics -
--------
4.5 Administration 2,127
--------
Total 3,971
---- --------------------------- --------
Reconciliation of cash
Reconciliation of cash Current quarter Previous
at the end of the quarter US$'000 quarter
(as shown in the consolidated US$'000
statement of cash flows)
to the related items in
the accounts is as follows.
--------------------------------- ---------------- ---------
Cash on hand and at
5.1 bank 4,124 6,310
---------------- ---------
5.2 Deposits at call 9,379 14,262
---------------- ---------
5.3 Bank overdraft - -
---------------- ---------
5.4 Other (provide details) - -
---------------- ---------
Total: cash at end
of quarter (item 1.22) 13,503 20,572
----- -------------------------- ---------------- ---------
Changes in interests in mining tenements
Tenement reference Nature of Interest Interest
interest at beginning at
(note (2)) of quarter end
of
quarter
---- --------------- ------------------- ------------ -------------- ---------
6.1 Interests
in mining
tenements
relinquished,
reduced
or lapsed
---- --------------- ------------------- ------------ -------------- ---------
6.2 Interests
in mining
tenements
acquired
or increased
---- --------------- ------------------- ------------ -------------- ---------
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or
conversion rights together with prices and dates.
Total Number Issue Amount
number quoted price paid
per up per
security security
(see (see
note note
3) (cents) 3) (cents)
------------------------------ -------------- -------------- ------------ ------------
7.1 Preference +securities Nil
(description)
-------------- -------------- ------------ ------------
7.2 Changes during
quarter
----- ----------------------- -------------- -------------- ------------ ------------
7.3 +Ordinary securities 1,599,568,613 1,599,568,613
-------------- -------------- ------------ ------------
7.4 Changes during
quarter 200,000 200,000
(a) Increases Nil Nil
through issues
(b) Decreases
through returns
of capital, buy-backs
7.5 +Convertible Nil
debt securities
(description)
-------------- -------------- ------------ ------------
7.6 Changes during
quarter
(a) Increases
through issues
(b) Decreases
through securities
matured, converted
Exercise Expiry
price date
Options (description See See
and conversion Note Note
7.7 factor) 48,743,989 Nil 6 6
-------------- -------------- ------------ ------------
See See
Issued during Note Note
7.8 quarter 30,575,000* Nil 6 6
-------------- -------------- ------------ ------------
7.9 Exercised during Nil Nil See See
quarter Note Note
6 6
-------------- -------------- ------------ ------------
7.10 Cancelled during Nil Nil
quarter
-------------- --------------
7.11 Debentures Nil
(totals only)
-------------- --------------
7.12 Unsecured notes Nil
(totals only)
-------------- --------------
*20 million options to subscribe for ordinary shares at ZAR1.32
each expiring on 21 October 2018; and 10,575,000 options
exercisable in tranches of 3,525,000 each at ZAR1.20, ZAR1.32 and
ZAR1.45 on 1 February 2015, 1 February 2016 and 1 February 2017
respectively, expiring on 1 February 2019.
Compliance statement
1 This statement has been prepared under accounting policies
which comply with accounting standards as defined in the
Corporations Act or other standards acceptable to ASX (see note
4).
2 This statement does give a true and fair view of the matters disclosed.
Sign here:
............................................................ Date:
...23 April 2015......................
(Company secretary)
TONY BEVAN
Print name: .........................................................
Notes
1 The quarterly report provides a basis for informing the market
how the entity's activities have been financed for the past quarter
and the effect on its cash position. An entity wanting to disclose
additional information is encouraged to do so, in a note or notes
attached to this report.
2 The "Nature of interest" (items 6.1 and 6.2) includes options
in respect of interests in mining tenements acquired, exercised or
lapsed during the reporting period. If the entity is involved in a
joint venture agreement and there are conditions precedent which
will change its percentage interest in a mining tenement, it should
disclose the change of percentage interest and conditions precedent
in the list required for items 6.1 and 6.2.
3 Issued and quoted securities The issue price and amount paid
up is not required in items 7.1 and 7.3 for fully paid
securities.
4 The definitions in, and provisions of, AASB 1022: Accounting
for Extractive Industries and AASB 1026: Statement of Cash Flows
apply to this report.
5 Accounting Standards ASX will accept, for example, the use of
International Accounting Standards for foreign entities. If the
standards used do not address a topic, the Australian standard on
that topic (if any) must be complied with.
6 Issued and Quoted Options as at 31 March 2015:
Number Issued Number Quoted Exercise Price Expiry Date Lapsed Since End of quarter
2,500,000 - A$1.20 9 November 2015 -
1,441,061 - A$1.40 30 September 2015 -
2,670,000 - ZAR7.60 14 February 2017 -
3,500,000 - GBP0.25 30 November 2015 -
3,932,928 - ZAR1.75 30 June 2017 -
4,125,000 - ZAR2.00 30 June 2018 -
20,000,000 - ZAR1.32 21 October 2018 -
3,525,000 - ZAR1.20 1 February 2019 -
3,525,000 - ZAR1.32 1 February 2019 -
3,525,000 - ZAR1.45 1 February 2019 -
== == == == ==
This information is provided by RNS
The company news service from the London Stock Exchange
END
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