COOL Conti.Coal

 
TIDMCOOL 
 
13 January 2014 
 
By e-lodgement 
 
                       EXTENSION OF VOLUNTARY SUSPENSION 
 
Continental Coal Limited (ASX: CCC; AIM: COOL) ("the Company") requests the 
continuation of the voluntary suspension of its securities as the Company is 
still finalising its efforts to complete a recapitalization of the Company that 
will allow it to settle its Convertible Notes that mature from November 2013 to 
February 2014 as well as other creditors. 
 
The Company has made progress in its discussions with holders of Convertible 
Notes, other creditors, royalty holders and various investor groups in relation 
to a comprehensive recapitalization of the Company and remains optimistic about 
reaching an agreement between all parties that will allow the company to 
continue trading as a going concern. The Directors would like to acknowledge 
the continued understanding demonstrated to date by creditors and financiers 
while the Company seeks to complete the recapitalization. 
 
If no acceptable restructure and/or refinancing arrangements can be agreed in 
the near term, the Board considers that the appointment of a voluntary 
administrator to the Company in Australia may be necessary, as it will have 
insufficient funds to meet the repayment obligations on the Convertible Notes 
and other creditors. 
 
The Company expects to update stakeholders on the recapitalization of the 
Company on Monday 20 January 2014. 
 
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. 
 
 
 
END 
 

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