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Wednesday 27 May, 2009

Western CanadianCoal

Issue of Equity

RNS Number : 8489S
Western Canadian Coal Corp
27 May 2009
 




Western Canadian Coal Issuance Of New Common Shares


Vancouver, B.C. May 27, 2009 - Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) (the 'Company') announces that elections have been made in relation to certain warrants and debentures issued by the Company, which will result in a total of 1,616,666 common shares in the Company being issued to the warrant and debenture holders. Application has been made for these common shares to be admitted to trading on AIM and it is expected that admission will occur on May 28, 2009

Disclosure in accordance with Rule 2.10 of the UK Takeover Code

In accordance with Rule 2.10 of the UK Takeover Code, Western confirms that it will have 211,332,601 common shares each without par value in issue. The ISIN code for the shares is CA9578601093.

In addition, Western has 70,938 debentures due 24 March 2011 convertible into 17,734,500 common shares at any time prior to maturity issuable at a conversion price of C$4.00 per common share quoted on the TSX (the ISIN code for these debentures is CA957860AA75) and US$279 in debentures due 30 November 2010 convertible into 381 common shares at any time prior to maturity at a conversion price of C$0.75 per common share which are not quoted.

About Western Canadian Coal


Western Canadian Coal Corp. produces 3.5 million tonnes of high quality metallurgical coal from three mines- Wolverine, Brule and Willow Creek - located in the northeast of British Columbia. The company also has interests in various coal properties in northern and southern British Columbia and a 50% interest in the Belcourt Saxon Limited Partnership, which was formed to explore and develop the Belcourt and Saxon group of properties in northern BC. Currently, these properties provide the company with an estimated 15 years of coal reserves at current production levels. 



For further information:

David Jan, Manager, Investor Relations & Corporate Development

Phone: 604-608-2692

Email: djan@westerncoal.com 



This information is provided by RNS
The company news service from the London Stock Exchange
 
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