Coal of Africa Ltd (CZA) - Transfer of US$20 million received from BHE RNS Number : 2716S Coal of Africa Limited 29 November 2012 ANNOUNCEMENT 29 November 2012 Transfer of US$20 million payment from Beijing Haohua Energy Resource Co. completed Further to the announcement of 28 November 2012, Coal of Africa Limited is pleased to confirm transfer and receipt of the US$20 million previously held in the escrow account on behalf of Haohua Energy International (Hong Kong) Co. Limited, a wholly owned subsidiary of Beijing Haohua Energy Resource Co. Limited. Authorised by JOHN WALLINGTON Chief Executive Officer 28 November 2012 For more information contact: David Brown Non-Executive Chairman Coal of Africa +27 11 575 4363 John Wallington Chief Executive Officer Coal of Africa +27 11 575 4363 Sakhile Ndlovu Investor Relations Coal of Africa +27 11 575 6858 Company advisors: Jos Simson/Emily Financial PR Tavistock +44 20 Fenton (United Kingdom) 7920 3150 Chris Sim/Neil Nominated Adviser Investec Bank +44 20 Elliot plc 7597 5970 Robert Smith JSE Sponsor Investec Bank Limited +27 11 286 7000 Charmane Financial PR Russell & Associates +27 11 Russell/Jane Kamau (South Africa) 880 3924 or +27 82 372 5816 About CoAL: CoAL is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. CoAL's key projects include the Vele Colliery (coking and thermal coal), the Greater Soutpansberg Project, including CoAL's Makhado Project (coking coal) and the Mooiplaats and Woestalleen Collieries (both thermal coal). This information is provided by RNS The company news service from the London Stock Exchange END MSCUWAORUVAAUUA -0- Nov/29/2012 07:01 GMT
Coal of Africa Ltd CZA Transfer of US$20 million received from BHE
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