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COAL OF AFRICA LIMITED - NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT

Release Date: 19/07/2012 09:00
Code(s): CZA
Wrap Text
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")



NEW ISSUE ANNOUNCEMENT, APPLICATION FOR QUOTATION OF ADDITIONAL SECURITIES AND AGREEMENT Rule 2.7, 3.10.3, 3.10.4, 3.10.5 Appendix 3B
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public. Introduced 1/7/96. Origin: Appendix 5.
Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003, 24/10/2005. Name of entity Coal of Africa Limited ABN 98 008 905 388
We (the entity) give ASX the following information. Part 1 - All issues
You must complete the relevant sections (attach sheets if there is not enough space).
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 19,148,408
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 16,850,599 @ GBP0.2921 per Share 2,297,809 @ A$0.4370 per Share 6 Purpose of the issue
(If issued as consideration for the acquisition of assets, clearly identify those assets)
Issued to Investec Bank Limited pursuant to a Subscription Agreement dated 17 July 2012.
7 Dates of entering +securities into uncertificated holdings or despatch of certificates 19 July 2012
8 Number and +class of all + securities quoted on ASX (including the securities in clause 2 if applicable) Number +Class 685,472,236 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
7,000,000 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.
1,650,000 Class I Options exercisable at $3.25 on or before 31 July 2012.
5,000,000 Class J Options exercisable at $2.74 on or before 30 November 2014.
818,500 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.
1,441,061 ESOP Options exercisable at $1.40 on or before 30 September 2015.
2,670,000 ESOP Options exercisable at ZAR7.60 on or before 14 February 2017.
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) Part 2 - Bonus issue or pro rata issue Questions 11 to 33 ' not applicable Part 3 - Quotation of securities
You need only complete this section if you are applying for quotation of securities 34 Type of securities (tick one)
(a) Securities described in Part 1 (b) All other securities
Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities Questions 11 to 33 ' 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.
- 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. 19 July 2012
Sign here: ............................................................ Date: ......................... (Director/Company secretary) SHANNON COATES
Print name: .........................................................
Date: 19/07/2012 09:00:00 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.

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