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Share placement and board changes
The Waterberg Coal Company Limited
(formerly Range River Gold Limited)
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
ASX: WCC | JSE: WCC | ISIN:
AU000000WCC9
(“WCC” or “the Company”)
ASX Release SHARE PLACEMENT AND BOARD CHANGES
14 March 2014
Investec Asset Management Ltd
The Waterberg Coal Company Limited (WCC or the Company)
advises it has placed a total of 13,640,000 WCC securities to
THE WATERBERG COAL COMPANY Investec Asset Management Ltd (Investec) at a price of ZAR 1.78
LIMITED per WCC share, raising a total of ZAR 24,279,200 (equivalent to
ABN 64 065 480 453 approximately AUD $2.4 million).
Share Exchange Agreement – Global Resource Investment
Level 1 Trust Plc
330 Churchill Avenue WCC has entered into a Share Exchange Agreement (the
Subiaco WA Exchange Agreement) with Global Resources Investment Trust
Australia Plc (GRIT); a company recently listed on the London Stock
Exchange (the LSE). Pursuant to the Exchange Agreement, WCC
has exchanged 20,000,000 new ordinary shares in the Company
Tel:+61 8 9200 4243 (Exchange Shares) at a price of approximately GBP 0.1168 per
Fax: +61 8 9200 4469 Exchange Share (at present exchange rates this equates to
approximately AUD 22 cents per share) and WCC has received
2,335,220 ordinary shares in the capital of GRIT at the issue price
Contact: of £1 per share (this is equivalent to approximately AUD $4.32
million). WCC will, in the ordinary course, seek to realise its
Mr Stephen Miller
investment in GRIT to generate additional working capital.
Executive Director
Board Changes
The Board of WCC wishes to advise of the retirement of Mr Brian
E-mail:
McMaster as both Executive Chairman and a Director. The
info@waterbergcoal.com.au retirement is effective forthwith. Mr McMaster retires from his
position in order to focus on other business activities.
Directors: WCC also wishes to advise that Mr Scott Funston resigns as a
Director, effective forthwith.
Dr Mathews Phosa
Stephen Miller The Board would like to thank Messrs McMaster and Funston for
Jonathan Hart their efforts and wish them well.
Daniel Crennan
With the retirement of Mr McMaster as Chairman, Dr Mathews
Phosa, currently a Non-Executive Director has been appointed
ASX / JSE Symbol: Chairman of the Board of WCC, effective forthwith.
WCC
Dr Phosa, a Lawyer by profession, was elected as the first Premier
of Mpumalanga Province in 1994 and went on to serve as the
Treasurer General within the Executive Committee of the ANC
from 2007 to 2012. He was a member of the National Executive
Committee of the ANC for many years until 2012. Dr Phosa has
served as a business consultant for various local and international
businesses since 1999.
Dr Phosa currently holds chairman, vice-chairman or board
member positions on a number of prominent South African
institutions and companies.
The appointment of Dr Phosa as Non-Executive Chairman reflects
the evolution of WCC as it embarks upon the development of the
world class Waterberg coal project.
In this regard, the Company wishes to advise that further board
appointments will be advised in the near term so as to reflect the
participation of substantial South African investment; and so as to
expand the Boards’ expertise in regards to the development of this
project.
Stephen Miller
Executive Director
The Waterberg Coal Company Limited
JSE Sponsor
The Standard Bank of South Africa Limited
Date: 14/03/2014 01:16:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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