Offer Update
10 Agosto 2010 - 12:21PM
UK Regulatory
TIDMWTN
RNS Number : 8309Q
Western Coal Corporation
10 August 2010
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| | 900 - 580 Hornby |
| | Street |
| | Vancouver, B.C. V6C |
| | 3B6 |
| | Phone |
| | 604-608-2692 |
| | info@westerncoal.com |
| | www.westerncoal.com |
| | |
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| | | |
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| | | |
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News ReleaseWTN 10-19
Western Coal Closes Acquisition of Energybuild
Vancouver, B.C. August 9, 2010 - Western Coal Corp (TSX: WTN, WTN.WT and AIM:
WTN) (the "Company" or "Western") is pleased to announce further to the
announcements made on July 19, 2010 and June 8, 2010, that all the conditions of
the scheme of arrangement ("Scheme") between Energybuild Group plc have been
satisfied and the Scheme has become effective today.
In accordance with the Scheme, a total of 8,551,578 new Western common shares
will be issued today with trading of these shares on AIM expected to commence at
8:00am (UK) on 10 August 2010.
After this issue, the total number of issued and outstanding Western common
shares is 345,195,111, including 72,122,826 issued and outstanding shares held
by a wholly-owned subsidiary of the Company. As a result, 273,072,285 common
shares are held by the public.
About Western Coal
Western Coal is a producer of high quality metallurgical coal from mines in
northeast British Columbia (Canada), high quality metallurgical coal and
compliant thermal coal from mines located in West Virginia (USA, and high
quality anthracite and metallurgical coal in South Wales (UK). Other interests
owned include a 48% interest in Mandalay Resources Corporation (TSX.V: MND), 40%
interest in Xtract Energy (XTR: AIM), 20% interest in NEMI Northern Energy &
Mining (NNE.A: TSX). The Company is headquartered in Vancouver, BC, Canada, and
trades on the AIM and TSX stock exchanges under the symbol "WTN". More
information can be found at www.westerncoal.com
For further information:
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| Western Coal Corp. | Buchanan | Cenkos Securities |
| David Jan | Communications | Ivonne Cantu / Beth |
| Head of Investor | Bobby Morse / James | McKiernan |
| Relations | Strong Katharine | +44 207 397 8900 |
| +1 604 694 2891 | Sutton | |
| David.jan@westerncoal.com | +44 207 466 5000 | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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