Nov 26 (Reuters) - Coal of Africa Ltd:
* Coal of Africa ltd - recommended offer for Universal Coal Plc by Coal of Africa L CZA.AX
* Agreed terms of recommended offer to be made by Coal for entire issued and to be issued share capital of Universal
* Eligible Universal shareholders entitled to receive, for each Universal share1 held A$0.20 in cash and 1 new Coal share
* Cash and share offer represents total offer consideration of A$126.4 million for 505.7 million Universal shares currently in issue
* Cash consideration payable under offer will be funded by existing cash reserves
* Cash consideration also funded through through proceeds of a US$15 million equity investment from yishun brightrise
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