11th Apr 2008 07:00
Coal of Africa Limited11 April 2008 Coal of Africa Limited ('CoAL' or 'the Company') Issue of Equity Coal of Africa Limited ('CoAL' or 'the Company') advises that further toresolution passed at the Company's general meeting of shareholders held on 8April 2008 ("General Meeting"), a total of 4,750,000 new Ordinary Shares havenow been allotted and issued to Jannie Abraham Nel as part consideration forthe acquisition of the remaining 30% interest in the Mooiplaats Project. Inaddition, 450,000 new Ordinary Shares have been issued in lieu of professionalservices rendered in relation to the Mooiplaats Project. Also further to resolution 4 at the General Meeting, the Company has issued1,000,000 Options, exercisable at Aud$1.90, to Blair Sergeant (Finance Directorof CoAL). Following the admission of the Ordinary Shares, the number of Ordinary Shares onissue will be 307,073,917. Application has been made for the new Ordinary Sharesto be admitted to trading on AIM. For further information please contact:- For more information contact:Simon Farrell, Managing Director CZA +61 417 985 383 or +61 8 9322 6776Petronella Gorrie The Event Shop +27 82 827 8815Jos Simson/ Arabella Hobbs/ Conduit PR +44(0) 20 7429 6603Leesa Peters / Olly Cairns / Blue Oar Securities Plc +61 8 6430 1631Romil Patel +44(0) 20 7448 4400 About CoAL: Coal of Africa Limited ("CoAL"), formerly GVM Metals Limited, is primarilyfocused on the acquisition, exploration and development of thermal andmetallurgical coal projects. The Company's key projects, along with its leadingmetals processing company NiMag Group (Pty) Ltd are in South Africa. The Companywas incorporated in Western Australia and listed in 1980. Since 2005, theCompany has also listed on both the AIM and JSE markets, allowing further growthin the Company's coal assets. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCM.L