Coal of Africa Limited ISSUE OF SHARES AND SECONDARY TRADING NOTICE (4583C)

TIDMCZA

RNS Number : 4583C

Coal of Africa Limited

16 October 2015

ANNOUNCEMENT 16 October 2015

ISSUE OF SHARES AND SECONDARY TRADING NOTICE

Coal of Africa Limited ("CoAL" or the "Company") confirms it has issued a total of 201,454 ordinary shares ("Shares")The Board has resolved to issue a total of 201,454 fully paid ordinary shares to the following two companies:

-- 80,582 shares to Basane Investment Holdings Proprietary Limited 13 Pearl Crescent, Fourways, Gauteng 2055, South Africa

   --      120,872 shares to Ndilo Mineral Resources Proprietary Limited

Application has been made for the Shares to be admitted to trading on the AIM market of the London Stock Exchange ("AIM"). Admission to trading on AIM is expected to become effective on or around 21 October 2015. The Shares will rank pari passu with the Company's existing ordinary shares of nil par value. Application for quotation of the Shares will also be made to the Australian Securities Exchange ("ASX") and the Main Board of the JSE Limited.

Following Admission there will be 1,927,001,328 shares on issue.

In accordance with the requirements of section 708A(6) of the Corporations Act 2001 (Cth) ("Corporations Act"), CoAL notifies ASX that:

a) the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;

   b)   this notice is being given under section 708A(5)(e) of the Corporations Act; 
   c)   as at the date of this notice, CoAL has complied with:

i. the provisions of Chapter 2M of the Corporations Act (other than section 319 in relation to a financial year ended in the calendar year 2004) as they apply to CoAL; and

ii. section 674 of the Corporations Act; and

d) as at the date of this notice, there is no information that is "excluded information" required to be set out in this notice by virtue of sections 708A(7) and 708A(8) of the Corporations Act.

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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