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Issue of Options

3rd Jul 2008 09:38

RNS Number : 2242Y
Coal of Africa Limited
03 July 2008
 



ANNOUNCEMENT 3 JULY 2008

EXERCISE OF OPTIONS

Coal of Africa Limited ('CoAL' or the 'Company') confirms it has today placed 690,886 ordinary shares ("Shares") to Mirabaud Securities  Limited pursuant to its exercise of Class E Options at an exercise price of 65 pence per Share. 

An Appendix 3B will be lodged following this announcement and application will be made for the Shares to be admitted to trading on AIM. 

Following the admission of the Shares, the number of Ordinary Shares on issue will be 398,945,378. 

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 3 July 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 3 July 2008 there is no information:
 
a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and
 
b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:
i. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or
ii. the rights and liabilities attaching to the relevant Shares.

AUTHORISED BY:

Shannon Coates 

Company Secretary

Simon Farrell, Managing Director CZA +61 417 985 383 Olly Cairns / Romil Patel Blue Oar Securities Plc +618 6430 1631 or +44 20 7448 4400 Jos Simson/ Leesa Peters Conduit PR +44(0) 20 7429 6603Petronella Gorrie The Event Shop +27 82 827 8815

www.coalofafrica.com

About CoAL:

Coal of Africa Limited ("CoAL") is primarily focused on the acquisition, exploration and development of thermal and metallurgical coal projects. The Company's key projects, along with its leading metals processing company NiMag Group (Pty) Ltd are in South Africa. The Company was incorporated in Western Australia and listed in 1980. Since 2005, the Company has also listed on both the AIM and JSE markets, allowing further growth in the Company's coal assets. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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