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BRIEF-Coal Of Africa Ltd announces finance facilities

Published 05/04/2017, 11:21 am
Updated 05/04/2017, 11:30 am
© Reuters.  BRIEF-Coal Of Africa Ltd announces finance facilities

April 5 (Reuters) - Coal Of Africa Ltd CZA.AX :

* Says has entered into a loan agreement

* Loan funding will be used to advance operations and implementation of Makhado project, coal's flagship project

* Coal Of Africa says Industrial Development Corp Of South Africa to advance loan funding up to R240 million (about $17.6million) to unit Baobab

* Coal Of Africa says loan agreement with Industrial Development Corp Of South Africa (IDC) and Baobab Mining and Exploration Proprietary Ltd Source text for Eikon: Further company coverage: CZA.AX

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