Coal of Africa Limited Despatch of Notice of General Meeting (1091W)

TIDMCZA

RNS Number : 1091W

Coal of Africa Limited

14 August 2015

ANNOUNCEMENT 14 August 2015

Despatch of Notice of General Meeting

Coal of Africa Limited ("CoAL" or "the Company"), the coal exploration, development and mining company operating in South Africa and traded on the ASX, AIM and JSE (ticker 'CZA'), announces that it has dispatched its Notice of General Meeting and accompanying proxy forms for the meeting to be held at 10am (BST) on 14 September 2015. The documents have been posted to shareholders and are available on the Company`s website www.coalofafrica.com. As previously announced, the Extraordinary General Meeting ("EGM") is being held to consider and, if thought fit, approve the issue of up to 183,231,261 new shares in the Company at an issue price of GBP0.0515 per share for an aggregate gross consideration of approximately GBP9.4 million (approximately US$14.7 million), which is currently held in escrow.

The shares are to be issued to Yishun Brightrise Investment PTE Limited ("Yishun"). Yishun is a private investment company with a focus on mineral investments and has interests in coal and nickel in both China and Indonesia and will via this transaction expand its investments into Africa.

The meeting will be held at:

Tavistock Communications, 8(th) Floor, 131 Finsbury Pavement, London, EC2A 1NT.

AUTHORISED BY:

Tony Bevan

Company Secretary

For more information contact:

 
                    Chief Executive                              +27 10 003 
 David Brown         Officer              Coal of Africa          8000 
                    Chief Financial                              +27 10 003 
 De Wet Schutte      Officer              Coal of Africa          8000 
                                                                 +27 10 003 
 Celeste Riekert    Investor Relations    Coal of Africa          8000 
                                          Endeavour Corporate    +61 08 9316 
 Tony Bevan         Company Secretary      Services               9100

Company advisors:

 
 Jos Simson/Emily         Financial PR                        +44 20 
  Fenton                   (United Kingdom)    Tavistock       7920 3150 
 Matthew Armitt/Ross                           Peel Hunt      +44 20 
  Allister                Nominated Adviser     LLP            7418 8900 
 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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