MC Mining Limited (JSE:MCZ) News - Issue of first tranche funding Shares and Total Voting Rights

MC Mining Limited
Previously Coal of Africa Limited
(Incorporated and registered in Australia)
Registration number ABN 008 905 388
ISIN AU000000MCM9
JSE share code: MCZ
ASX/AIM code: MCM


6 April 2022

ISSUE OF FIRST TRANCHE FUNDING SHARES AND TOTAL VOTING RIGHTS

MC Mining Limited (MC Mining or the Company) announces that, further to its announcement of 1
February 2022, South African Reserve Bank approval has been obtained and therefore 38,363,909
new ordinary shares of no par value in the Company's capital (Ordinary Shares) have been issued to
Senosi Group Investment Holdings Proprietary Limited (SGIH), pursuant to the conversion of its loan
under the First Tranche Funding.

Admission and Total Voting Rights

Application has been made for the First Tranche Shares to be admitted to trading on the ASX, AIM and
JSE markets (Admission). Admission of the First Tranche Shares to trading on AIM is expected to only
become effective at 8:00 a.m. on or around 11 April 2022, and the shares will rank pari passu with the
Company's existing Ordinary Shares.

On Admission, MC Mining’s issued share capital shall comprise 192,783,464 Ordinary Shares. This
figure may be used by shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a change in their interest in, the
share capital of the Company under the ASX Listing Rules or the FCA's Disclosure Guidance and
Transparency Rules.

On Admission, SGIH will have a 19.9% interest in the Company’s issued share capital.

Unless otherwise defined, terms used in this announcement shall have the same meanings as those set
out in the Company's announcement of 1 February 2022.

Authorised by
Tony Bevan
Company Secretary

This announcement has been approved by the Company’s Disclosure Committee.
For more information contact:
Sam Randazzo                      Interim CEO                    MC Mining Limited              +61 408 945010
Tony Bevan                        Company Secretary              Endeavour Corporate            +61 08 9316 9100
                                                                 Services

Company advisors:
James Harris / James Dance        Nominated Adviser             Strand Hanson Limited           +44 20 7409 3494


Rory Scott                        Broker (AIM)                  Tennyson Securities Limited     +44 20 7186 9031
James Duncan                      Financial PR (South Africa)   R&A Strategic                   +27 11 880 3924
                                                                Communications
Investec Bank Limited is the nominated JSE Sponsor

About MC Mining Limited:

MC Mining is an AIM/ASX/JSE-listed coal exploration, development and mining company operating in South Africa. MC
Mining’s key projects include the Uitkomst Colliery (metallurgical and thermal coal), Makhado Project (hard coking coal).
Vele Colliery (semi-soft coking and thermal coal), and the Greater Soutpansberg Projects (coking and thermal coal).

Statements of intention

Statements of intention are statements of current intentions only, which may change as new information becomes available
or circumstances change.




                                                                                                                       

Date: 06-04-2022 05:29:00
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