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COKAL LIMITED — Capital/Financing Update 2013
Oct 24, 2013
64656_rns_2013-10-24_9c6018b0-87ed-4c92-9d62-ca9c96f7b516.pdf
Capital/Financing Update
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T +61 7 3001 4100 E [email protected]
Level 34, Riverside Centre, 123 Eagle Street, Brisbane QLD 4000 PO Box 7122, Brisbane QLD 4001
ABN 55 082 541 437 (ASX: CKA) www.cokal.com.au
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ASX ANNOUNCEMENT – 25 October 2013
COKAL, PRIVATE PLACEMENT TO BLUMONT GROUP Ltd
Global metallurgical coal group, Cokal Limited (ASX-CKA), is pleased to announce that it has received the fourth tranche (A$2M) of the A$9.6M private placement to Blumont Group Ltd. This brings the total funds received to date as A$9.1M.
As announced on 8 July 2013, the Blumont Group placement will be issued in 5 tranches and will raise a total of A$9.6M by November 2013.
The Company has today issued the fourth tranche of 12,500,000 fully paid ordinary shares at a price of A$0.16 (raising A$2,000,000 before costs). On completion of the fourth allotment a total 56,875,000 fully paid ordinary shares will have been issued under the Blumont Placement.
ENDS
Further enquiries:
Peter Lynch Andrew Crook Chairman and Chief Executive Officer Media Enquiries Mobile: 0419 764 747 Mobile: 0419 788 431
About Cokal Limited
Cokal (ASX:CKA) is an Australian listed company with the objective of becoming a metallurgical coal producer with a global presence. Cokal has interests in four projects in Central Kalimantan, Indonesia considered prospective for metallurgical coal. Cokal has also signed a joint venture to explore for coal in Tanzania with Tanzoz Resource Company Limited.
Forward Looking Statements
Statements regarding plans with respect to the Company’s exploration properties are forward-looking statements. There can be no assurance that the Company’s plans for development of its properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company’s exploration properties.
25 October 2013
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