COOL Conti.Coal

 
TIDMCOOL 
 
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. 
 
 
 
END 
 

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