COAL OF AFRICA LIMITED - Results of Annual General Meeting

Results of Annual 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")


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR PART) IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION




    ANNOUNCEMENT                                                               15 June 2017


                            RESULTS OF GENERAL MEETING
The Directors of Coal of Africa Limited (“CoAL”) are pleased to announce that at the CoAL
General Meeting held earlier today, all resolutions required to implement the acquisition of
100% of the shares in and claims against Pan African Resources Coal Holdings Proprietary
Limited ("PAR Coal") (“the Transaction”) and ancillary transactions thereto, put to the meeting
were passed unanimously by a show of hands.
In accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act
2001, the Company hereby provides the following information on proxy votes received for
each resolution:
                                                                      Abstain -
                            For          Against    Discretionary      Voting         Abstain
                                                                      Exclusion
 Resolution 1:
 Approval for issue
 of Shares to Pan      1,553,745,000     153,917       917,406             -          975,100
 African
 Resources Plc
 Resolution 2:
 Approval for issue
 of Shares to          1,553,722,335     172,842       914,406             -          981,840
 Summer Trees
 Pte Ltd
 Resolution 3:
 Approval for issue
 of Shares to M&G
 Investment            1,158,603,539     164,917        914,406       395,136,446     972,115
 Management
 Limited
 Resolution 4:
 Ratification of
 issue of Shares to
 M&G                   1,158,612,457     154,917        915,488       395,136,446     972,115
 Investment
 Management
 Limited
 Resolution 5:
 Ratification of
 issue of Shares to
 Yishun                1,130,475,314     151,917        917,406       423,273,864     972,922
 Brightrise
 Investment Pte
 Limited
 Resolution 6:
 Approval for issue
 of Shares to
 Yishun                1,130,465,314     161,917        917,406       423,273,864     972,922
 Brightrise
 Investment Pte
 Limited


The Transaction remains subject to the condition precedent that Uitkomst Colliery Proprietary
Limited has entered into a supply of coal agreement on terms acceptable to CoAL. CoAL
shareholders will be notified as soon as the outstanding condition precedent to the Transaction
has been fulfilled.
Application has been made for 340 245 378 new ordinary shares to be admitted to trading on
the AIM market of the London Stock Exchange ("AIM") in respect of the shares to be issued
to Yishun Brightrise Investment Pte Limited, M&G Investment Management Limited and
Summer Trees Pte Ltd.
Admission to trading on AIM is expected to become effective on or around 16 June 2017. The
new ordinary shares will rank pari passu with the Company's existing ordinary shares of nil
par value. Application for quotation of the new ordinary shares will also be made to the
Australian Securities Exchange and the Main Board of the JSE Limited.
The new ordinary shares for Pan African Resources plc will be issued on satisfaction or waiver
of the remaining condition precedent to the Transaction.
Following admission of the new ordinary shares to be issued to Yishun Brightrise Investment
Pte Limited, M&G Investment Management Limited and Summer Trees Pte Ltd there will be
2 556 296 905 shares on issue. This figure may be used by shareholders in the Company as
the denominator for the calculations by which they will determine if they are required to notify
their interest in, or a change in their interest in, the share capital of the Company under the
Corporations Act and the FCA's Disclosure Guidance and Transparency Rules.


AUTHORISED BY:
Tony Bevan
Company Secretary



For more information contact:
David Brown                        Chief Executive Officer            Coal of Africa                     +27 10 003 8000
De Wet Schutte                     Chief Financial Officer            Coal of Africa                     +27 10 003 8000
Celeste Van Tonder                 Investor Relations                 Coal of Africa                     +27 10 003 8000
Tony Bevan                         Company Secretary                  Endeavour Corporate Services       +61 08 9316 9100


Company advisors:
Jos Simson/Emily Fenton            Financial PR (United Kingdom)      Tavistock                          +44 20 7920 3150
Matthew Armitt/Ross Allister       Nominated Adviser and Broker       Peel Hunt LLP                      +44 20 7418 8900

Investec Bank Limited is the nominated JSE Sponsor.



About CoAL:
CoAL is an AIM/ASX/JSE listed coal exploration and development 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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