CBM Cleantech Building Materials

 

TIDMCBM 
 
RNS Number : 5903V 
Cambrian Mining PLC 
13 July 2009 
 

 
WESTERN CANADIAN COAL CORP. 
("Western") 
 
 
CAMBRIAN MINING PLC 
("Cambrian") 
 
 
Scheme of Arrangement Effective 
 
 
London: 13 July 2009: Further to the announcement made by Cambrian and Western 
on 20 May 2009 the Cambrian Independent Directors and the Western Independent 
Directors are pleased to announce that, as anticipated, all of the conditions to 
the scheme of arrangement (the "Scheme") between Cambrian and its shareholders 
have been satisfied and the Scheme has become effective today. 
 
 
In accordance with the Scheme, a total of 88,619,782 new shares of Western ("New 
Western Shares") were issued today to Cambrian Shareholders on the register at 
6.00pm on 9 July 2009 ("Scheme Shareholders") on the basis of 0.75 New Western 
Shares for every Scheme Share held at that time. The New Western Shares will 
rank pari passu with the existing issued common shares of Western and trading of 
these shares on AIM is expected to commence at 8am on 14 July 2009. 
 
 
The total number of Western common shares in issue with voting rights following 
this issue is 299,952,971. 
 
 
The CREST accounts of Scheme Shareholders holding Scheme Shares in 
uncertificated form are expected to be credited on 14 July 2009. Share 
certificates for the New Western Shares will be despatched to Scheme 
Shareholders holding Scheme Shares in certificated form on or before 27 July 
2009. 
 
 
Cambrian Shares are currently suspended and Cambrian has applied for their 
admission to AIM to be cancelled on 14 July at 7.00 am. Euroclear UK & Ireland 
Limited as operator of the CREST system, will be instructed to cancel Scheme 
Shareholders' entitlements to Scheme Shares held in uncertificated form. All 
certificates representing Scheme Shares have ceased to be valid. 
 
 
For those Cambrian options and warrants which have not been exercised, under the 
terms of Cambrian's articles of association as amended by the General Meeting 
held on 23 June 2009, such Cambrian option and warrant holders who exercise 
their options or warrants shall be entitled to receive New Western Shares upon 
exercise of such options or warrants on the basis of 0.75 New Western Shares for 
every 1 Cambrian Share which the option holder or warrant holder is entitled to 
under the terms of the option or warrant. 
 
 
Any term used but not defined in this announcement is as defined in the scheme 
document sent to shareholders of Cambrian on 26 May 2009. 
 
 
For further information please contact: 
 
 
Cambrian Mining Plc: 
 
 
+-----------------------------+-------------------------------+----------------------+ 
| Cambrian Mining Plc         | Mark Burridge / Braam Jonker  | +44 (0)20 7409 0890  | 
+-----------------------------+-------------------------------+----------------------+ 
| Singer Capital Markets      | Jeff Keating                  | +44 (0)20 3205 7500  | 
+-----------------------------+-------------------------------+----------------------+ 
| Seymour Pierce              | Mark Percy                    | +44 (0)20 7107 8000  | 
+-----------------------------+-------------------------------+----------------------+ 
| Scott Harris                | Stephen Scott / Ian Middleton | +44 (0)20 7653 0030  | 
+-----------------------------+-------------------------------+----------------------+ 
 
 
Western Canadian Coal Corp 
 
 
+--------------------------------+----------------------------+--------------------+ 
| Western Canadian Coal Corp     | David Jan                  | +1 604 608 2692    | 
+--------------------------------+----------------------------+--------------------+ 
| Cenkos Securities              | Ivonne Cantu / Adrian      | +44 (0) 20 7397    | 
|                                | Hargrave                   | 8900               | 
+--------------------------------+----------------------------+--------------------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SOARJMATMMJBBAL 
 

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