COOL Conti.Coal

 
TIDMCOOL 
 
14 October 2014 
 
Company Announcements Office 
Australian Securities Exchange 
Level 6, 20 Bridge Street 
SYDNEY NSW 2000 
 
Via E Lodgement 
 
                  Cancellation of admission to trading on AIM 
 
The board of Continental Coal Limited (ASX:CCC; AIM:COOL)("Continental" or "the 
Company") refers to its corporate update announcement dated 10 October advising 
that it has been presented with offers from third parties interested in 
acquiring its 74% interest in its South African subsidiary Continental Coal 
Limited SA ("CCL SA"). The Board is finalising legal advice with regards to a 
scenario whereby an accepted offer is announced and Shareholders are then 
offered the opportunity to have their funds returned from the Rights Issue, 
remain in a new raising by way of a supplementary prospectus or participate in 
the new raising given the change in circumstances which some Shareholders may 
want to participate in as opposed to the previous Rights Issue. As a 
consequence of this development, Continental has deferred finalising the 
completion of any refinancing of the Company through the current Rights Issue 
process. 
 
Given the timetable for completion of the refinancing or sale of the Company's 
74% interest in CCL SA, the Company is unable to restore its securities to 
trading on AIM in the immediate short term.  As the Company's securities have 
also been suspended from trading on AIM for over six months, under the 
requirements of Rule 41 of the AIM Rules for Companies Continental's admission 
to trading on AIM will be cancelled, effective 7am Wednesday, 15 October 2014. 
 
Appropriate arrangements will be made for all security holders whose securities 
are currently traded as Depository Interests on AIM to be registered on the 
Company's Australian register of members and for them to be able to trade their 
securities on the ASX when reinstatement post recapitalisation occurs. The 
Company's registrar, Computershare Investor Services Pty Ltd, will write to all 
Depository Interest holders to advise as to the process for the termination of 
Depository Interests. 
 
In the meantime however, if any of those security holders have any questions 
they should contact the Company's Registrar, Computershare Investor Services 
Pty Ltd. 
 
For and on behalf of the Board 
 
 
Peter Landau 
Executive Director 
 
For further information please contact: 
 
Investors | Shareholders                    Media (Australia) 
Peter Landau                                David Tasker 
Continental Coal Limited                    Professional Public Relations 
T: + 61 8 9488 5220                         T: +61 8 9388 0944 
E: peter@conticoal.com                      E : David.Tasker@ppr.com.au 
 
Nominated Advisor                           Brokers(UK) 
Oliver Morse/Trinity McIntyre               Jonathan Williams 
RFC Ambrian Limited                         RFC Ambrian Ltd 
T: +61 8 9480 2500                          T : +44 203 440 6817 
 
 
About Continental Coal Limited 
 
Continental Coal Limited (ASX:CCC/AIM: COOL) is a South African thermal coal 
producer with a portfolio of projects located in South Africa's major coal 
fields including two operating mines, the Vlakvarkfontein and Penumbra Coal 
Mines, producing approx. 2Mtpa of thermal coal for the export and domestic 
markets. A Feasibility Study was also completed on a proposed third mine, the 
De Wittekrans Coal Project with a mining right granted in September 2013. 
 
Forward Looking Statement 
 
This communication includes certain statements that may be deemed 
"forward-looking statements" and information. All statements in this 
communication, other than statements of historical facts, that address future 
production, reserve potential, exploration drilling, exploitation activities 
and events or developments that the Company expects to take place in the future 
are forward-looking statements and information. Although the Company believes 
the expectations expressed in such forward-looking statements and information 
are based on reasonable assumptions, such statements are not guarantees of 
future performance and actual results or developments may differ materially 
from those in the forward-looking statements and information. Factors that 
could cause actual results to differ materially from those in forward-looking 
statements include market prices, exploitation and exploration successes, 
drilling and development results, production rates and operating costs, 
continued availability of capital and financing and general economic, market or 
business conditions. Investors are cautioned that any such statements are not 
guarantees of future performance and actual results or developments may differ 
materially from those stated. 
 
                          South Africa Australia 
 
   T +27 11 881 1420 F +27 862064487 W T +61 8 9488 5220 F +61 8 9324 3400 W 
                     www.conticoal.com www.conticoal.com 
 
  9th Floor Fredman Towers, 13 Fredman Ground Floor, 1 Havelock Street, West 
                   Drive, Sandton 2196 Perth, WA 6005 
 
           PO Box 787646, Sandton 2146 PO Box 684, West Perth, WA 6872 
 
  Interim Executive Chairman: Dr Paul D'Sylva Interim Executive Director: Mr 
                                 Peter Landau 
 
       Non-Executive Directors: Mr Connie Molusi and Dr Lars Schernikau 
 
 
 
 
END 
 

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