Wrap Text
Beijing Haohua Energy Resource Co. confirms receipt of Foreign Investment Review Board approval
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")
Beijing Haohua Energy Resource Co. confirms receipt of
Foreign Investment Review Board approval
Further to the announcement of 1 October 2012, Coal of Africa Limited (“the Company” or “CoAL”) is
pleased to announce that Haohua Energy International (Hong Kong) Co. Limited (“HEI”), a wholly owned
subsidiary of Beijing Haohua Energy Resource Co. Limited ("BHE"), has notified CoAL that it has received
approval from the Australian Foreign Investment Review Board ("FIRB") for its equity investment in the
Company.
Following the granting of FIRB approval, HEI and CoAL will execute an escrow release letter pursuant to
which the deposit of US$20 million currently held in the escrow account will be transferred to CoAL. This
amount will be applied toward the subscription for new shares in CoAL ("Initial Placement") at either £0.25
or £0.35 per share to be issued three days after the earlier of the date on which certain regulatory
approvals are obtained or 31 January 2013 (or such later date as agreed by the parties).
Authorised by
JOHN WALLINGTON
Chief Executive Officer
28 November 2012
For more information contact:
David Brown Non-Executive Chairman Coal of Africa +27 11 575 4363
John Wallington Chief Executive Officer Coal of Africa +27 11 575 4363
Wayne Koonin Financial Director Coal of Africa +27 11 575 4363
Sakhile Ndlovu Investor Relations Coal of Africa +27 11 575 6858
Company advisors:
Jos Simson/Emily Fenton Financial PR (United Kingdom) Tavistock +44 20 7920 3150
Chris Sim/Neil Elliot Nominated Adviser Investec Bank plc +44 20 7597 5970
Robert Smith JSE Sponsor Investec Bank Limited +27 11 286 7000
Charmane Russell/Jane Kamau Financial PR (South Africa) Russell & Associates +27 11 880 3924 or
+27 82 372 5816
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, including CoAL’s Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both
thermal coal).
AU: Level 1 Old Swan Brewery, 173 Mounts Bay Road, Perth WA 6000, Australia, Tel: +61 8 9322 6776, Fax: +61 8 9322 6778, Email: perth@coalofafrica.com, CAN 008 905388
ZA: 2nd Floor, Gabba Building, The Campus, 57 Sloane Street, Bryanston, Johannesburg, South Africa 2021, Tel: +27 11 575 4363, Fax: +27 11 576 7484, Email: adminza@coalofafrica.co.za
UK: 5th Floor, 33 St. James’s Street, London, SW1A 1HD, United Kingdom, Tel: +44 (0) 20 7839 8840, Fax: +44 (0) 20 7004 0959
David H. Brown - Chairman, John N. Wallington - Chief executive officer, Wayne G. Koonin - Financial director, Professor N. A. Nevhutanda - Corporate affairs director, Bernard R. Pryor - Non-executive director,
Peter G. Cordin - Non-executive director, Khomotso B. Mosehla - Non-executive director, Dave J. K. Murray - Non-executive director, Rudolph H. Torlage - Non-executive director
Date: 28/11/2012 08:36:00 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.
Sharenet Sites 
