8th Apr 2008 10:21
Coal of Africa Limited08 April 2008 Coal of Africa Limited ('CoAL' or 'the Company') RESULTS OF GENERAL MEETING The Board of CoAL announces that at a General Meeting of the Company held todayall of the Resolutions put to the meeting were duly passed as below: 1. Ratification of Issue of Shares The resolution was carried unanimously by a show of hands, and the total numberof proxy votes in respect of validly appointed proxies was as follows: Number % of Vote % of Issued CapitalFor: 128,935,193 98.96% 42.71%Against: 1,227,239 0.94% 0.41%Abstain: 21,976 0.02% 0.01%Discretionary: 101,297 0.08% 0.03% 130,290,705 100% 43.16% 2. Issue of 4,750,000 Shares as part consideration for acquisition of remaining30% interest in Mooiplaats The resolution was carried unanimously by a show of hands, and the total numberof proxy votes in respect of validly appointed proxies was as follows: Number % of Vote % of Issued CapitalFor: 128,966,968 98.98% 42.72%Against: 1,222,410 0.94% 0.40%Abstain: 30 0% 0%Discretionary: 101,297 0.08% 0.03% 130,290,705 100% 43.16% 3. Issue of 100,000,000 Shares to raise further working capital should theCompany require The resolution was carried unanimously by a show of hands, and the total numberof proxy votes in respect of validly appointed proxies was as follows: Number % of Vote % of Issued CapitalFor: 119,919,629 92.04% 39.73%Against: 10,269,779 7.88% 3.40%Abstain: 0 0% 0%Discretionary: 101,297 0.08% 0.03% 130,290,705 100% 43.16% 4. Grant of Options to Blair Sergeant The resolution was carried unanimously by a show of hands, and the total numberof proxy votes in respect of validly appointed proxies was as follows: Number % of Vote % of Issued CapitalFor: 80,808,633 62.02% 26.77%Against: 9,574,628 7.35% 3.17%Abstain: 39,806,147 30.55% 13.19%Discretionary: 101,297 0.08% 0.03% 130,290,705 100% 43.16% 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/ Leesa Peters Conduit PR +44(0) 20 7429 6603Olly Cairns / Romil Patel Blue Oar Securities Plc +61 8 6430 1631 +44(0) 20 7448 4400About 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