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Coal of Africa Ltd (CZA.AX)

CZA.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coal Of Africa says received notice from Yishun Brightrise Investment to convert loan to equity
Friday, 17 Feb 2017 01:28am EST 

Coal Of Africa Ltd : received notice from Yishun Brightrise Investment Pte requesting conversion of a us$10 million loan to coal's ordinary share capital .total amount of conversion shares will amount to 245 million shares and conversion into equity will occur in two tranches.  Full Article

Coal Of Africa to place 49 mln ordinary shares to M&G Investment Management
Wednesday, 1 Feb 2017 08:20pm EST 

Coal Of Africa Ltd : To place 49 million ordinary shares to M&G Investment Management Limited, on 1 February 2017 at a price of 4.081 US cents per share .Placement pursuant to a subscription agreement entered into between company and M&G.  Full Article

Coal of Africa updates on regulatory processes at Makhado project
Monday, 25 Jul 2016 12:49am EDT 

Coal of Africa Ltd : CZA update on regulatory processes at makhado project . DMR and LEDET have granted amendment of environmental authorisation for Makhado project .  Full Article

Coal of Africa announces lapse of takeover offer for Universal Coal Plc
Sunday, 17 Jul 2016 06:30pm EDT 

Coal of Africa Ltd : CZA lapse of offer for Universal Coal Plc . Says all contracts resulting from acceptances of the offer by universal shareholders are void and of no effect . Says offer for the entire share capital of Universal Coal Plc has lapsed .  Full Article

Coal of Africa signs two subscription agreements
Tuesday, 31 May 2016 02:23am EDT 

Coal of Africa Ltd : CZA update- recommended offer for universal Coal Plc . Signed the two subscription agreements with hengshun zhongsheng group co., ltd and summer trees pte. ltd . Says new subscription agreements will replace the YBI subscription agreement, which has been terminated . Says total proceeds of US$15 million from the subscription agreements . Subscribers will subscribe for 229.9 million and 114.9 million Coal shares respectively at a price of US$0.0435 per Coal share .  Full Article

Coal of Africa issues update regarding recommended offer for Universal Coal Plc
Monday, 18 Apr 2016 04:34am EDT 

Coal of Africa:Cza update re recommended offer for universal Coal Plc.Coal and Universal have agreed to amend terms of the cooperation agreement entered into between the parties.  Full Article

Coal of Africa says water use licence for Vele colliery has been renewed
Wednesday, 13 Jan 2016 04:33pm EST 

Coal of Africa Ltd:Integrated water use licence (iwul) for its Vele colliery in the Limpopo province has been renewed for a further twenty years.  Full Article

Coal of Africa Ltd announces completion of Yishun equity and loan transactions
Monday, 21 Sep 2015 02:00am EDT 

Coal of Africa Ltd:Says completion of shareholder approved share placement to Yishun Brightrise Investment PTE Ltd.Says 183,231,261 ordinary shares were issued to Yishun, at 5.15 pence per share, in terms of subscription agreement entered into between the company and Yishun in relation thereto and raised 9,436,663 pounds ($14.5 million), including accrued interest.Says completion of share issue satisfied remaining conditions in loan agreement between Yishun and CoAL pursuant to which Yishun has advanced a loan of $10 million to the company.Says loan bears no interest and is only repayable in limited circumstances.Says subscription proceeds and loan amount will be used to finance pre-construction costs at the Company's flagship Makhado coking and thermal coal project and for general working capital.  Full Article

Coal of Africa Limited announces directorate change
Monday, 22 Jun 2015 02:03am EDT 

Coal of Africa Limited:Announces the appointment of De Wet Schutte as the company’s chief financial officer and executive director with effect from June 22.  Full Article

Coal of Africa Limited completes equity raise
Tuesday, 2 Jun 2015 10:35am EDT 

Coal of Africa Limited:Completes Stage 3 of the share placement, announced on Aug. 26, 2014.Completion of Stage 3 concludes the private placement which raised a total of 38.225 mln pounds (US$59.102 million) in three tranches.Stage 3 of the Placement resulted in the issue of 144 mln ordinary shares at 5.5 pence per share each, raising 7.92 mln pounds (US$12.39 million).CoAL will apply for the admission of the Stage 3 Placing Shares to trading on AIM, the ASX and the JSE. Admission is expected to occur on or around June 03.  Full Article

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