Management Circular (7564A)
07 Febbraio 2011 - 9:00AM
UK Regulatory
TIDMWTN
RNS Number : 7564A
Western Coal Corporation
07 February 2011
Immediate Release 7th February 2011
Western Coal Corp
Western Coal Publishes Management Information Circular
for Plan of Arrangement with Walter Energy
Vancouver, BC, February 7, 2011 - Western Coal Corp. (TSX: WTN,
WTN.WT and AIM: WTN) (the "Company" or "Western") announces that it
has posted on the Company's website
(www.westerncoal.com/walter_energy_news) and on SEDAR
(www.sedar.com) the management information circular relating to the
proposed acquisition of Western by Walter Energy (as previously
announced on December 3, 2010). The notice of meeting and
management information circular is in the process of being mailed
to Western's shareholders of record as at February 1, 2011.
A special meeting of the Western shareholders to consider the
acquisition proposal will be held on March 8, 2011 at the The
Westin Harbour Castle, 1 Harbour Square, Toronto, Ontario at 9:00
a.m. (Eastern Time). All shareholders are encouraged to vote in
person or by proxy. Details on how to vote are contained in the
information circular.
Completion of the proposed acquisition is conditional on
approval by Western shareholders and by the Supreme Court of
British Columbia and satisfaction of other customary conditions,
including regulatory and stock exchange approvals. Subject to the
satisfaction or waiver of all conditions precedent, it is currently
anticipated that the proposed acquisition will be completed on or
about April 1, 2011.
Western has retained Georgeson Shareholder Communications Canada
Inc. to act as proxy solicitation agent and to respond to inquiries
from shareholders. Georgeson may be contacted by telephone at
1-866-717-7947 toll-free in North America, 1-781-575-2168 toll-free
outside of North America or by e-mail at askus@georgeson.com.
About Western Coal
Western Coal is a producer of high quality metallurgical coal
from three mines in northeast British Columbia (Canada), high
quality metallurgical coal and compliant thermal coal from four
mines located in West Virginia (USA), and high quality anthracite
and metallurgical coal in South Wales (UK). 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
Forward-Looking Information
This release may contain forward-looking statements that may
involve risks and uncertainties. Such statements relate to the
Company's expectations, intentions, plans and beliefs. As a result,
actual future events or results could differ materially from those
suggested by the forward-looking statements. Readers are referred
to the documents filed by the Company on SEDAR. Such risk factors
include, but are not limited to changes in commodity prices;
strengths of various economies; the effects of competition and
pricing pressures; the oversupply of, or lack of demand for, the
Company's products; currency and interest rate fluctuations;
various events which could disrupt the Company's construction
schedule or operations; the Company's ability to obtain additional
funding on favourable terms, if at all; and the Company's ability
to anticipate and manage the foregoing factors and risks.
Additionally, statements related to the quantity or magnitude of
coal deposits are deemed to be forward-looking statements. The
reliability of such information is affected by, among other things,
uncertainties involving geology of coal deposits; uncertainties of
estimates of their size or composition; uncertainties of
projections related to costs of production; the possibilities in
delays in mining activities; changes in plans with respect to
exploration, development projects or capital expenditures; and
various other risks including those related to health, safety and
environmental matters.
For further information:
Western Coal Corp. David Buchanan Communications Cenkos Securities
Jan Head of Investor James Strong / Charles Ivonne Cantu / Adrian
Relations +1 604 694 2891 O'Brien Hargrave
David.jan@westerncoal.com +44 (0)207 466 5000 +44 207 397 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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