See below and attached this mornings announcement from Continental Coal
Limited (AIM: COOL) which has its first day of trading on the LSEs AIM
today.
Best,
Philippe
CONTINENTAL COAL TO LIST ON LONDONS AIM TODAY
Key points:
* Shares in Continental Coal Limited to commence trading on the
London Stock Exchanges AIM Market on 19 September 2011, under ticker
code COOL
* The AIM Listing will complement the Companys existing
listings on the ASX and US-OTCQX International exchanges
* Together with its ASX listing, the AIM market provides the
Company with a strong platform from which to strengthen its shareholder
base and increase its international profile
* The Company currently has two South African thermal coal mines
in production, producing 2.0Mt ROM on an annualised basis, with its
third mine to commence production in 2012
African focused coal mining and production company Continental Coal
Limited ("Continental" or the "Company") will today list its ordinary
shares on the London Stock Exchanges AIM Market.
The Companys ordinary shares will commence trading at 8.00am BST/3.00
WST on 19 September 2011.
The Companys shares will trade under the
ticker code COOL.
Commenting on the commencement of trading on the AIM market, Continental
Coal Limiteds CEO, Mr Don Turvey, said that with the Company now
trading on AIM it expected to benefit from the expanded international
profile and engagement with additional European funds and institutional
investors.
"The listing of its securities on AIM, recognised as one of the worlds
leading resources focussed equities exchanges, is very strategic for
Continental Coal," Mr Turvey said.
"An AIM listing provides the Company with opportunities to further
diversify its shareholder base, particularly with funds and institutions
in Europe, increase our international profile and opens a range of
opportunities for the Continental Coal to establish additional strategic
partnerships."
The compliance listing on AIM is in addition to the Companys primary
listing on the Australian ASX (ticker code CCC) and the US-OTCQX
International (ticker code CGFAY).
GMP Securities Europe LLP and Renaissance Capital Ltd are joint brokers
to the Company for the AIM listing, with RFC Corporate Finance Ltd
acting as the Companys Nominated Advisor.
As previously advised to the market (see ASX announcement dated 18
August 2011) Bruce Buthelezi, a founding director of the Company has
tendered his resignation from the Board to pursue other business
interests.
Mr Buthelezis decision to resign follows the Companys
landmark transaction with SIOC-cdt, a highly successful Broad Based
Black Economic Empowerment Group.
Continental Coal currently has two operating open cast coal mines, the
Vlakvarkfontein and Ferreira Coal Mines, located in South Africa and
producing 2Mtpa of thermal coal for the export and domestic markets.
Continental commenced development of its third coal mine, the Penumbra
Coal Mine on 7 September 2011 (see ASX announcements dated 8 and 12
September 2011) and has a further nine thermal coal projects that it is
progressing towards development.
The Company is targeting run of mine
production of 7 Mtpa from 2013.
Philippe Polman
Account Manager
Direct line: +44 (0)20 7861 3921
Mobile: +44 (0)7841 672 830
Pelham Bell Pottinger
5th Floor, Holborn Gate, 330 High Holborn, London, WC1V 7QD
Tel: +44 (0)20 7861 3232 Fax: +44 (0)20 7861 3233
www.pelhambellpottinger.co.uk
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