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COAL OF AFRICA LIMITED - Directorate Changes

Release Date: 13/02/2015 09:00
Code(s): CZA     PDF:  
Wrap Text
Directorate Changes

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

13 February 2015

Directorate Changes

Coal of Africa (“CoAL” or “the Company”) announces Michael Meeser, Executive Director and Chief Financial Officer has
resigned to pursue other interests. Mr Meeser will remain with the Company for a period of three months until the end
of April 2015 to assist in the transition of responsibilities.

David Brown, CEO of CoAL commented: “On behalf of the board I would like to thank Michael for his pivotal role in the
execution of the five point turnaround strategy. The last 18 months has been a crucial period for the repositioning of the
Company and Michael has contributed to the sale of non-core assets, the finalisation of the short term loan obtained and
the recent share placement. The Company has commenced the process for the appointment of a successor and will advise
on developments in due course”


AUTHORISED BY:

David Brown
Chief Executive Officer


For more information contact:
 David Brown                                                Chief Executive Officer                               Coal of Africa                 +27 10 003 8000
 Michael Meeser                                             Chief Financial Officer                               Coal of Africa                 +27 10 003 8000
 Celeste Harris                                             Investor Relations                                    Coal of Africa                 +27 10 003 8038
 Tony Bevan                                                 Company Secretary                                     Endeavour Corporate Services   +61 8 9316 9100


AU: Coal of Africa Limited, Suite 8, 7 The Esplanade, Mount Pleasant, Perth WA 6153, Australia, Tel: +61 8 9316 9100, Fax: +61 8 9316 5475
ZA: South Block, Summercon Office Park, Cnr Rockery Lane and Sunset Avenue, Lonehill, 2191, Tel: +27 10 003 8000 Fax: +27 11 388 8333 Email: adminza@coalofafrica.com

Bernard R. Pryor – Chairman, David H. Brown – Chief Executive Officer , Michael G. Meeser – Chief Financial Officer
Non-executive directors: Peter G. Cordin, Khomotso B. Mosehla , David J. K. Murray, Rudolph H. Torlage
Company advisors:
 Jos Simson/Emily Fenton                 Financial PR (United Kingdom)     Tavistock                          +44 20 7920 3150
 Chris Sim/Jeremy Ellis                  Nominated Adviser                 Investec Bank plc                  +44 20 7597 5970
 Charmane Russell/Jane Kamau             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 /MbeuYashu, including CoAL’s Makhado Project (coking and thermal coal).




                                                                                                                                    

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