COAL OF AFRICA LIMITED - Completion of Share Placement

Completion of Share Placement

Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000CZA6
JSE/ASX/AIM share code: CZA
("CoAL or the "Company" or the "Group")



ANNOUNCEMENT     
19 December 2014


Completion of Share Placement



Coal of Africa Limited, the coal exploration and project development company operating in South Africa and
traded on the ASX, AIM and JSE is pleased to announce the successful completion of Stage 2 of the Share
Placement, announced on 26 August 2014, and the receipt of funds. The Stage 2 Placement resulted in the
issue of 300 million additional ordinary shares at GBP 0.055 per share each, raising GBP 16.5 million (US$
25.9 million). This completes the second stage of the three stage process resulting in the placement of a total
551 million ordinary shares in total at a price of GBP 0.055 each, raising GBP 30.3 million (US$ 47.8million).
The third stage will see the placement of a further 144 million shares at GBP 0.055 on or around 29 April
2015.


AUTHORISED BY:

David Brown




For more information contact:
David Brown                                          Chief Executive Officer                             Coal of Africa                                        +27 10 003 8000
Michael Meeser                                       Chief Financial Officer                             Coal of Africa                                        +27 10 003 8000
Celeste Harris                                       Investor Relations                                  Coal of Africa                                        +27 10 003 8000
Tony Bevan                                           Company Secretary                                   Endeavour Corporate Services                          +61 08 9316 9100

Company advisors:
Jos Simson/Emily Fenton                              Financial PR (United Kingdom)                        Tavistock                                          +44 20 7920 3150
Chris Sim/George Price/Jeremy Ellis                  Nominated Adviser                                    Investec Bank plc                                  +44 20 7597 5970
Charmane Russell/Jane Kamau                          Financial PR (South Africa)                          Russell & Associates                               +27 11 880 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).




                 AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
  ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com

                                       Bernard R. Pryor – Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer
                                     Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage

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