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BRIEF-Coal of Africa signs two subscription agreements

Published 31/05/2016, 04:29 pm
© Reuters.  BRIEF-Coal of Africa signs two subscription agreements
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May 31 (Reuters) - Coal of Africa Ltd CZA.AX :

* CZA update- recommended offer for universal Coal Plc CZA.AX

* Signed the two subscription agreements with hengshun zhongsheng group co., ltd and summer trees pte. ltd

* Says new subscription agreements will replace the YBI subscription agreement, which has been terminated

* Says total proceeds of US$15 million from the subscription agreements

* Subscribers will subscribe for 229.9 million and 114.9 million Coal shares respectively at a price of US$0.0435 per Coal share

* Source text for Eikon ID:nASXbpC2ng

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