Exercise of Warrants
05 Octubre 2010 - 11:18AM
UK Regulatory
TIDMWTN
RNS Number : 9110T
Western Coal Corporation
05 October 2010
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| | 1000 - 885 Dunsmuir |
| | Street |
| | Vancouver, B.C. V6C |
| | 1N5 |
| | Phone |
| | 604-608-2692 |
| | info@westerncoal.com |
| | www.westerncoal.com |
| | |
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| | | |
+-----------------------+-------------------------+-------------------------+
| | | |
+-----------------------+-------------------------+-------------------------+
News Release
Exercise of Warrants
Western Coal Corp ("Western" or the "Company") announces that further to the
acquisition of Energybuild Group plc ("Energybuild") it has issued 833,000
common shares of no par value in connection with the exercise of warrants in
Energybuild. The Company has applied for these shares to be admitted to AIM and
it is expected that trading of these shares on AIM will commence on 6 October
2010. After this issue, the total number of issued and outstanding Western
common shares is 346,028,111, including 72,122,826 issued and outstanding shares
held by a wholly-owned subsidiary of the Company. As a result 273,905,285 common
shares are held by the public.
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). Other interests
owned include a 24% interest in Mandalay Resources Corporation (MND: TSX), 40%
interest in Xtract Energy (XTR: AIM), and a 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
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:
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| Western Coal Corp. | Buchanan | Cenkos Securities |
| David Jan | Communications | Ivonne Cantu / |
| Head of Investor | Bobby Morse / James | Adrian Hargrave |
| Relations | Strong | +44 207 397 8900 |
| +1 604 694 2891 | +44 (0)207 466 5000 | |
| David.jan@westerncoal.com | bobbym@buchanan.uk.com | |
| | | |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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