19th Jun 2008 14:21
Coal of Africa Limited
COMPLETION OF TRANCHE 1 OF CIL PLACING
Further to the announcement on 13 June 2008, Coal of Africa Limited confirms it has today completed Tranche 1 of the Placement to Coal Investments Limited ("CIL"), placing 25,500,000 ordinary Shares to CIL at an issue price of £1.30 per Share to raise £33,150,000.
Application has been made for the Tranche 1 Shares to be admitted to trading on AIM. Following the admission of the 25,500,000 Shares, the number of Ordinary Shares on issue will be 398,254,492.
Tranche 2 of the Placement, being 12,000,000 Shares, will be issued upon receipt of approval from the Australian Foreign Investments Review Board.
For more information contact:
Simon Farrell, Managing Director CZA +61 417 985 383
Olly Cairns / Romil Patel Blue Oar Securities Plc +61 8 6430 1631 /
+44(0) 20 7448 4400
www.coalofafrica.com
Related Shares:
MCM.L