16 January 2014
ASX Limited - Perth Office
Level 8, Exchange Plaza
2 The Esplanade
Perth WA 6000
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:
Don Turvey
Chief Executive Officer
Lou van Vuuren
Chief Financial Officer
T: +27 11 881 1429
E: admin@conticoal.com
W: www.conticoal.com
South Africa Australia
T+27 11 881 1420 F +27 862064487 W www.conticoal.com T +61 8 9389 2111 F +61 8 9389 2199 W www.conticoal.com
9th Floor Fredman Towers, 13 Fredman Drive, Sandton 2196 Ground Floor, 20 Kings Park Road, West Perth, WA 6005
PO Box 787646, Sandton 2146 PO Box 1153, West Perth, WA 6872
Independent Non-