5th Jun 2008 07:00
ANNOUNCEMENT 5 JUNE 2008
ISSUE OF EQUITY AND SECTION 708A(5)(e) NOTICE
Further to today's announcement on the completion of Tranche 2 of the Placement to ArcelorMittal, being 13,635,000 shares @ £1.11 per share, Coal of Africa Limited confirms it has also today placed 375,000 ordinary shares to Zero Nominees Limited pursuant to its exercise of Class F Options at an exercise price of $1.50 per Share.
Following the admission of the 14,010,000 Shares, the number of Ordinary Shares on issue will be 372,754,492.
An Appendix 3B has been lodged on the ASX and application will be made for the 14,010,000 ordinary shares to be admitted to trading on AIM.
Secondary Trading Notice Pursuant to Paragraph 708A(5)(e) of the Corporations Act 2001 ("Act")
The Act restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Act.
The Company hereby notifies ASX under paragraph 708A(5)(e) of the Act that:
(a) the Company issued the Shares without disclosure to investors under Part 6D.2 of the Act;
(b) as at 5 June 2008, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and
(c) as at 5 June 2008 there is no information:
that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
the rights and liabilities attaching to the relevant Shares.
AUTHORISED BY:
Shannon Coates
Company Secretary
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