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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Conti.Coal | LSE:COOL | London | Ordinary Share | AU000000CCC1 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.10 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
16 January 2014 By e-lodgment APPOINTMENT OF INDEPENDENT FINANCIAL ADVISOR Continental Coal Limited (ASX: CCC; AIM: COOL) ("the Company") appointed Deloitte, Perth as independent financial advisor to conduct a solvency review on the Company as part of the ongoing recapitalization efforts of the Company. This assignment will include a review of the overall funding and restructuring strategy as well as a balance sheet and working capital review. Deloitte will be presenting their findings to the Board of Directors early next week and advise the Board on appropriate steps to be taken given their assessment of the financial position of the Company. For and behalf of the Board Don Turvey Chief Executive Officer For further information please contact: Investors/ shareholders Don Turvey Chief Executive Officer Lou van Vuuren Chief Financial Officer T: +27 11 881 1429 E: admin@conticoal.com W: www.conticoal.com Media (Australia) David Tasker Professional Public Relations T: +61 8 9388 0944 Nominated Advisor Stuart Laing RFC Ambrian Limited T: +61 8 9480 2500 Brokers Jeremy Wrathall / Chris Sim Jonathan Williams Investec Bank plc RFC Ambrian Ltd T: +44 20 7597 4000 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 three operating mines, the Vlakvarkfontein, Ferreira and Penumbra Coal Mines, producing approx. 2.2Mtpa of thermal coal for the export and domestic markets. A Feasibility Study was also completed on a proposed fourth mine, the De Wittekrans Coal Project. 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.
Copyright y 16 PR Newswire
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