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CoAL shares rocket on funding deal

Coal of Africa (CoAL) has secured US$15 million via a shares placement to be used to fund its acquisition of ASX-listed Universal Coal. In London, the shares rose 12% on AIM.

CoAL shares rocket on funding deal CoAL shares rocket on funding deal CoAL shares rocket on funding deal CoAL shares rocket on funding deal CoAL shares rocket on funding deal

Universal property in SA: gives CoAl critical mass

Hengshun Zhongsheng has subscribed for 230 million shares and Summer Trees for 115 million at US$0.43 each, said CoAL.

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