To view the PDF file, sign up for a MySharenet subscription.

CZA - Coal of Africa Limited - Appendix 3B new issue announcement, application

Release Date: 09/09/2011 07:06
Code(s): CZA
Wrap Text

CZA - Coal of Africa Limited - Appendix 3B new issue announcement, application for quotation of additional securities and agreement Coal of Africa Limited (previously, "GVM Metals Limited") (Incorporated and registered in Australia) (Registration number ABN 008 905 388) JSE Share code: CZA ASX Share code: CZA AIM Share code: CZA ISIN AU000000CZA6 (`CoAL` or `the Company`) APPENDIX 3B NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT CoAL, today, 09 September 2011, submitted to the Australian Securities Exchange ("ASX") an Appendix 3B "New issue announcement, application for quotation of additional securities and agreement" in respect of the conversion of 500,000 unlisted Options, exercisable at $0.50 each on or before 30 September 2011, into ordinary shares pursuant to receipt of a valid conversion notice. Following the admission of the Shares, the number of Ordinary Shares on issue will be 531,639, 661. QUOTE NAME OF ENTITY Coal of Africa Limited ABN 98 008 905 388 We (the entity) give ASX the following information PART 1 - ALL ISSUES 1. Class of securities issued or to be issued Shares 2. Number of securities issued or to be issued (if known) or maximum number which may be issued 500,000 shares 3. Principal terms of the securities (eg, if options, exercise price and expiry date; if partly paid securities, the amount outstanding and due dates for payment; if convertible securities, the conversion price and dates for conversion) Fully paid ordinary 4. Do the securities rank equally in all respects from the date of allotment with an existing class of quoted securities' If the additional securities do not rank equally, please state: - the date from which they do - the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment - the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment Yes 5. Issue price or consideration $0.50 cents each 6. Purpose of the issue: (If issued as consideration for the acquisition of assets, clearly identify those assets) Conversion of unlisted options exercisable at $0.50 each on or before 30 September 2011 7. Dates of entering securities into uncertificated holdings or despatch of certificates 09 September 2011 8. Number and class of all securities quoted on ASX (including the securities in clause 2 if applicable) Number Class 531,639,661 Fully paid ordinary shares 9. Number and class of all securities not quoted on ASX (including the securities in clause 2 if applicable) Number Class 7,950,000 Class A Options exercisable at $0.50 each on or before 30 September 2011 250,000 Class B Options exercisable at $2.05 each on or before 1 May 2012
7,000,000 Class D Options exercisable at $1.25 each on or before 30 September 2012 1,000,000 Class G Options exercisable at $1.90 each on or before 30 September 2012
600,000 Class H Options exercisable at $1.25 on or before 1 May 2012 1,650,000 Class I Options exercisable at $3.25 on or before 31 July 2010
5,000,000 Class J Options exercisable at $2.74 on or before 30 November 2014 912,500 Class K Options exercisable at $1.90 on or before 30 June 2014
2,500,000 Class C Options exercisable at $1.20 on or before 9 November 2015 1,540,561 ESOP Options exercisable at $1.40 on or before 30 September 2015
1 Option to subscribe for 50 million ordinary shares for 60 pence each between 1 November 2010 and 1 November 2014, as approved by shareholders on 22 April 2010 10. Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests) Not applicable PART 2 - BONUS ISSUE OR PRO RATA ISSUE Questions 11 to 33 - Not Applicable PART 3 - QUOTATION OF SECURITIES 34. Type of securities (tick one) a. Securities described in Part 1 (Yes) b. All other securities (No) Questions 35 to 42 - Not Applicable QUOTATION AGREEMENT 1. Quotation of our additional securities is in ASX`s absolute discretion. ASX may quote the securities on any conditions it decides. 2. We warrant the following to ASX. - The issue of the securities to be quoted complies with the law and is not for an illegal purpose. - There is no reason why those securities should not be granted quotation. - An offer of the securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act. - Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty - Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any securities to be quoted and that no-one has any right to return any securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the securities be quoted. - We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the securities to be quoted, it has been provided at the time that we request that the securities be quoted. - If we are a trust, we warrant that no person has the right to return the securities to be quoted under section 1019B of the Corporations Act at the time that we request that the securities be quoted. 3. We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement. 4. We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before quotation of the securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete. Signed: 09 September 2011 Company Secretary: Shannon Coates UNQUOTE Johannesburg 09 September 2011 Sponsor Macquarie First South Capital (Pty) Ltd Date: 09/09/2011 07:06:08 Supplied by www.sharenet.co.za 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.

Share This Story