Group Financing Update
The Waterberg Coal Company Limited
(Incorporated in Australia)
(Registration number ABN 64 065 480 453)
ASX: WCC | JSE: WCC | ISIN: AU000000WCC9
(“WCC” or “the Company”)
GROUP FINANCING UPDATE
On 16 March 2015 The Waterberg Coal Company Limited (Group or Company)
advised the market that the funding facility (Facility) made available
to the Company by The Standard Bank of South Africa Limited (SBSA)
(as Facility Agent) is due for repayment on 9 April 2015.
As advised at that time, the Company has also been in discussion with
certain other funding agencies with respect to the Group’s overall funding
requirements for both the proposed Export Project and also to retire current
Group indebtedness, including the facility with SBSA.
With respect to the facility with SBSA, the Company wishes to advise that it
has been in discussions with SBSA in respect of arrangements for a proposed
“refinancing” of the current facility to be funded by a third party.
The third party discussions are in process and SBSA has advised that they
intend to maintain the Facility as “on demand”, rolling on a daily basis,
to give these discussions time to progress. Should these circumstances change
the Company will immediately notify the market.
The current voluntary suspension of the Company’s securities remains on foot
until further advice or relative information is received and the market updated
accordingly.
Stephen Miller
Executive Director and CEO
The Waterberg Coal Company Limited
9 April 2015
JSE Sponsor
The Standard Bank of South Africa Limited
Registered office:
Level 2, 1 Walker Avenue West Perth, Western Australia 6005
Australia
Tel:+61 8 9485 0888
Fax: +61 8 9485 0077
South African office:
Level 1, The Place,
1 Sandton Dr
Sandton, 2146
South Africa
Tel: +27 10 594 2240
Fax: +27 10 594 2253
Contact:
Mr Stephen Miller
Executive Director/CEO
Or
Investor relations in South Africa:
Lawrie Mackintosh
Tel: +27 10 594 2240
E-mail:
info@waterbergcoal.com.au
Directors:
Dr Mathews Phosa (Chairman)
Stephen Miller
(Executive Director and CEO)
Lee Boyd
(Director and Company Secretary)
Date: 09/04/2015 09:19:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.