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Despatch of Annual Report and Notice 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
ANNOUNCEMENT 23 October 2017
Despatch of Annual Report and Notice of Annual General Meeting
Coal of Africa Limited (“CoAL” or the “Company”), the coal exploration, development and mining company
operating in South Africa and traded on the ASX, AIM and JSE, announces that the Integrated Report (Annual
Report) for the financial year ended 30 June 2017, Notice of the Annual General Meeting and accompanying
proxy for the meeting to be held on 24 November 2017 have today been posted to shareholders and are
available on the Company’s website www.coalofafrica.com.
As previously announced, CoAL has undertaken an extensive turnaround strategy resulting in the reduction of
overhead costs, settlement of legacy debts and restructuring of the Company’s balance sheet, evidenced with
the disposal of the Mooiplaats thermal coal colliery and the acquisition of the cash generative Uitkomst
metallurgical and thermal coal colliery. An assessment of project parameters resulted in the recently
announced Makhado ‘Lite’ hard coking coal project, facilitating a shorter construction period and reduced
capital requirements, allowing the Company to take advantage of higher metallurgical and thermal coal
prices.
The Company’s significant resources include extensive metallurgical coal assets presenting an opportunity to
re-brand and market CoAL to the wider investment community. As a result of the momentous progress made
during the past two years, the CoAL Board believes that this is an opportune time to:
- change the Company’s name from “Coal of Africa Limited” to “MC Mining Limited” (this requires a special
resolution from shareholders); and
- consolidate CoAL’s issued share capital through the conversion of every 20 (twenty) shares into 1 (one)
share.
The Company notes that it is likely that its securities will be suspended from trading on AIM while the CoAL
shares will trade on a deferred settlement basis on ASX and JSE, as set out in the indicative timetable
detailing key events post the Annual General Meeting:
Event Date
Annual General Meeting 24 November 2017
Notification to ASX, AIM and JSE that Consolidation has been approved 24 November 2017
Event
Last day for trading in pre-consolidated securities 27 November 2017
Trading in the consolidated securities on a deferred settlement basis commences and
28 November 2017
likely commencement of AIM suspension
Last day to register transfers on a pre-consolidation basis (Record Date) 29 November 2017
Registration of securities on a post-consolidation basis 30 November 2017
Dispatch of new holding statements and deferred settlement trading ends 6 December 2017
Normal trading commences on ASX, AIM and JSE 7 December 2017
Further details of the proposed resolutions are set out in the enclosed notice of annual general meeting and
explanatory statement. The board recommends that shareholders support all of the resolutions.
The Company’s Annual General Meeting will be held on:
24 November 2017 at 10 a.m. (London time)
Tavistock Communications
1 Cornhill
London
EC3V 3ND
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
Stephen Rowse Business Executive Coal of Africa +27 10 003 8000
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Qinisele Resources (Proprietary) Limited (Corporate Adviser to CoAL)
Robert Philpot and Dennis Tucker (Telephone: +27 (0)11 883 6358)
Company advisors:
Ross Allister Nominated Adviser and Broker Peel Hunt LLP +44 20 7418 8900
Jos Simson/Emily Fenton/ Barney Financial PR (United Kingdom) Tavistock +44 20 7920 3150
Hayward
Charmane Russell/Olwen Auret Financial PR (South Africa) R&A Strategic Communications +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 Uitkomst Colliery, Makhado Project (coking and thermal coal), Vele Colliery (coking and thermal coal) and the Greater
Soutpansberg Project (MbeuYashu).
This announcement is inside information for the purposes of article 7 of EU Regulation 596/2014.
Forward-Looking Statements
This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking
statements" concerning CoAL and/or MCH that are subject to risks and uncertainties. Generally, the words "will", "may", "should",
"continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking
statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking
statements. Many of these risks and uncertainties relate to factors that are beyond CoAL’s ability to control or estimate precisely, such as
future market conditions, changes in regulatory environment and the behaviour of other market participants. CoAL cannot give any
assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on
these forward looking statements. CoAL and MCH assume no obligation and do not undertake any obligation to update or revise publicly
any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the
extent legally required.
Statements of intention
Statements of intention are statements of current intentions only, which may change as new information becomes available or
circumstances change.
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, De Wet O Schutte
Non-executive directors: Peter G. Cordin, Andrew D Mifflin, Khomotso B. Mosehla ,Thabo F Mosololi, Rudolph H. Torlage, Shangren Ding
Date: 23/10/2017 03:43:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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