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Buffalo Coal Corp.
(Registration number: 001891261)
(External company registration number: 2011/011661/10)
Share code on the TSX Venture Exchange: BUF
Share code on the JSE Limited: BUC ISIN: CA1194421014
BUFFALO COAL CORP. ANNOUNCES IMPLEMENTATION OF GOING PRIVATE
TRANSACTION
TORONTO, ONTARIO – Newsfile – April 20, 2023: Buffalo Coal Corp. (TSXV: BUF) (the
“Company”) is pleased to announce the completion of the going private transaction by way of
share consolidation (the “Consolidation”), which was approved by the Company’s shareholders
at the special meeting of shareholders held on April 17, 2023. In connection with the
Consolidation, the common shares of the Company will be delisted from trading on the TSX
Venture Exchange (the “TSXV”) at the end of the trading day on April 21, 2023 and on the
Alternative Exchange managed by JSE Limited on April 28, 2023.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About Buffalo Coal
Buffalo is a coal producer in South Africa. It holds a majority interest in two operating mines
through its 100% interest in BCD, a South African company which has a 70% interest in Zinoju
Coal Proprietary Limited (“Zinoju”). Zinoju holds a 100% interest in the Magdalena bituminous
mine, the Aviemore East anthracite mine and the Balgray and North Adit anthracite projects in
South Africa. Buffalo Coal has an experienced coal-focused Board and Management team.
Forward-Looking Statements
This press release may contain forward looking information within the meaning of applicable
securities legislation, which reflects the Company’s current expectations regarding future events.
Forward looking information is based on a number of assumptions and is subject to a number of
risks and uncertainties, many of which are beyond the Company’s control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward looking information. The Company does not undertake any obligation to update such
forward looking information, whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Ms. Emma Oosthuizen
Chief Financial Officer
Tel: 27 342121455
Email: emma.oosthuizen@buffalocoal.co.za
Registered Office:
Greytown Road
Industrial Area, Dundee
KwaZulu-Natal, 3000
April 20, 2023
Designated Advisor: Questco Corporate Advisory Proprietary Limited
