Fording Files Preliminary Short Form Prospectus
01 Aprile 2004 - 2:40AM
PR Newswire (US)
Fording Files Preliminary Short Form Prospectus CALGARY, March 31
/PRNewswire-FirstCall/ -- Fording Canadian Coal Trust (TSX: FDG.UN,
NYSE: FDG) today announced that it has filed with the securities
regulatory authorities in eachof the provinces and territories of
Canada a copy of its preliminary short form prospectus and that it
has signed an agreement with a syndicate of underwriters led by RBC
Capital Markets in connection with the issuance of 2.0 million
trust units at CDN$52.50 per trust unit to raise gross proceeds of
CDN$105.0 million on a bought-deal basis. The issue will be offered
in all provinces and territories of Canada. Closing is expected to
occur on or about April 16, 2004 subject to regulatory approval.
Thesecurities to be offered have not been and will not be
registered under the United States Securities Act of 1933 and may
not be offered or sold in the United States absent registration or
applicable exemption from registration requirement. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in any jurisdiction. Fording Canadian
Coal Trust is an open-ended mutual fund trust. Through investments
in metallurgical coal and industrial minerals mining and processing
operations, the Trust makes quarterly cash distributions to
unitholders. The Trust, through its wholly-owned subsidiary,
Fording Inc., holds a 65% ownership of Elk Valley Coal and is the
world's largest producer of the industrial mineral wollastonite.
Elk Valley Coal, comprised of Canada's senior metallurgical coal
mining properties, is the world's second largest exporter of
metallurgical coal, capable of supplying approximately 25 million
tonnes of high-quality coal products annually to the international
steel industry. DATASOURCE: Fording Canadian Coal Trust CONTACT:
Mark Gow, CA, Controller, Fording Canadian Coal Trust,
403-260-9834,
Copyright