Coal of Africa Limited Capital Raising Update (7306O)

TIDMCZA

RNS Number : 7306O

Coal of Africa Limited

01 June 2015

   ANNOUNCEMENT                                                               1 June 2015

Capital Raising Update

Further to the announcement of 30 April 2015 Coal of Africa Limited (the "Company") advises that the third stage of the equity raise is still progressing as planned.

The Company will inform the market in due course when all the formalities are completed.

For more information contact:

 
                   Chief Executive                              +27 10 003 
 David Brown        Officer              Coal of Africa          8000 
                                                                +27 10 003 
 Celeste Harris    Investor Relations    Coal of Africa          8000 
                                         Endeavour Corporate    +61 8 9316 
 Tony Bevan        Company Secretary      Services               9100

Company advisors:

 
 Jos Simson/Emily         Financial PR                          +44 20 
  Fenton                   (United Kingdom)    Tavistock         7920 3150 
 Chris Sim/George 
  Price/Jeremy                                 Investec Bank    +44 20 
  Ellis                   Nominated Adviser     plc              7597 5970 
 Charmane Russell/Jane    Financial PR         Russell &        +27 11 
  Kamau                    (South Africa)       Associates       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).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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