The Board of Directors of Shumba Coal Limited (the “Company”) would like to inform its
shareholders and the public in general that the conditions precedent to the acquisition of 4
prospecting licences further to a Sale and Purchase Agreement (“Agreement”) dated
8 May 2013 entered into by and amongst Icilion Investments (Proprietary) Limited (“Icilion”)
incorporated under the Laws of Botswana and bearing Registration Number Co. 2007/761,
Sechaba Natural Resources (Proprietary) Limited (“Sechaba”) incorporated under the Laws of
Bostwana and bearing Registration Number Co. 2005/3838 and the Company incorporated under
the Laws of Mauritius and bearingRegistration Number 111905 C1/GBL could not be completed
by 30 June 2014 due to delays in approvals required from the Government of Botswana.
Pursuant to further due diligence carried out on all the prospecting licences to be acquired and
information obtained, the Board of Directors has agreed on 8 July 2014 to:
a. pursue the acquisition of only 2 licences, for which drilling activities have already been
carried out and which is expected to add value for the Company, for a total purchase
consideration of USD425,000; and
b. to extend the period for completion of the condition precedent to the acquisition of those two
prospecting licences from Icilion by one year until 30 June 2015.
International Financial Services Limited
Company Secretary
This 8thJuly 2014
This Communiqué is issued pursuant to Section 87 of the Securities Act 2005, Rule 5 of the
Securities (Disclosure Obligation of Reporting Issuers) Rules 2007 and DEM Rule 21.
The Board of Directors of the Company accepts full responsibility for the accuracy of the
information contained in this Communiqué.
