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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 FINAL DISCHARGE OF INVESTEC LOAN
Toronto, Ontario—(Newsfile Corp. – January 13, 2023) – Buffalo Coal Corp. (the “Company” or
“Buffalo Coal”) (TSXV:BUF) (JSE:BUC) today announced the final discharge of Buffalo Coal’s loan
facility with Investec Bank Limited (“Investec”). The Company settled the outstanding loan facility of
R32,576,523 including interest along with a reduced royalty amount agreed to with Investec of R2,500,000.
On January 13, 2023 Investec issued a final discharge notice confirming that all the indebtedness and
obligations of the Company under the loan facility agreement have been irrevocably and unconditionally
finally paid and discharged in full on January 12, 2023. Investec has commenced the process to cancel the
securities that covered this loan facility.
About Buffalo Coal
Buffalo Coal is a coal producer in South Africa. It holds a majority interest in two operating mines through
its 100% interest in Buffalo Coal Dundee Proprietary Limited, 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.
The Company has its primary listing on the TSX Venture Exchange and has a secondary listing on the
Alternative Exchange, operated by the JSE.
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
Email: emma.oosthuizen@buffalocoal.co.za
Registered Office:
Greytown Road
Industrial Area, Dundee
KwaZulu-Natal, 3000
January 16, 2023
Designated Advisor: Questco Corporate Advisory Proprietary Limited
