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

COAL OF AFRICA LIMITED - Despatch of Notice of Extraordinary General Meeting

Release Date: 24/12/2012 07:05
Code(s): CZA     PDF:  
Wrap Text
Despatch of Notice of Extraordinary General Meeting

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                                                                                                                                                             24 December 2012

Despatch of Notice of Extraordinary General Meeting

Coal of Africa Limited (“the Company”), the coal exploration, development and mining company operating
in South Africa and traded on the ASX, AIM and JSE, announces that the Notice of the Extraordinary
General Meeting to be held on 25 January 2013 ("EGM") has today been posted to shareholders.

As previously announced, the EGM is being held to consider and, if thought fit, approve the issue of new
shares in the Company to Haohua Energy International (Hong Kong) Co. Limited ("HEI"), a wholly-owned
subsidiary of Beijing Haohua Energy Resource Co. Ltd, for the purposes of HEI's proposed US$100 million
investment in the Company. This follows the signature of the definitive Subscription Agreement with HEI.
Details of the proposed investment and the relevant resolutions are set out in the Notice of EGM and
related material.

The Notice of EGM also contains an independent expert's report prepared by KPMG Australia in relation to
the further US$80 million conditional placement, as part of the US$100 million investment by HEI in the
Company. KPMG's report is based on, among other things, a report from Venmyn Deloitte in South Africa
on the value of the Company's principal mineral assets, which is attached to the KPMG report.

A copy of the Notice of EGM, incorporating the KPMG and Venmyn Deloitte reports, is available on the
Company’s website under the following link – http://www.coalofafrica.com/investors-and-media/corporate-
publications/2012


For more information contact:
David Brown                                         Chairman                                             Coal of Africa                                        +27 11 575 4363
John Wallington                                     Chief Executive Officer                              Coal of Africa                                        +27 11 575 4363
Sakhile Ndlovu                                      Investor Relations                                   Coal of Africa                                        +27 11 575 6858
Tony Bevan                                          Company Secretary                                    Endevour Corporate Services                           +61 08 916 9100

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
Charmane Russell/James Duncan                       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, including CoAL’s Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both
thermal coal).



Suite 8,7 The Esplanade, Mt Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9315 5475, 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, 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: 24/12/2012 07:05:00 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.

Share This Story