COAL OF AFRICA LIMITED - Stage 1 Equity Raise Cash Flow Received

Stage 1 Equity Raise Cash Flow Received

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                                                                                                                                       

13 November 2014


Stage 1 Equity Raise Cash Flow Received


Coal of Africa Limited (“CoAL” or “Company”), 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
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completion of the Stage 1 Share Placement and the receipt of funds on the 11 of November 2014. The Stage
1 Placement resulted in the issue of 251 million additional shares split according to the various subscription
agreements on the AIM and JSE to the value of GBP 13,805 million (US$ 21,8 million). For more information
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regarding the announced equity raise please refer to the announcement made on the 26 of August 2014.




David Brown commented:

“The receipt of funds from the Stage 1 placement is most welcome and will enable the Company to continue
on our value creation strategy”



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

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, Khomotso B. Mosehla , David J. K. Murray, Rudolph H. Torlage


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).




                                                
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