Western Coal Corp Offer Update
July 19 2010 - 12:50PM
Dow Jones News
TIDMWTN TIDMEBG
RNS Number : 5821P
Western Coal Corporation
19 July 2010
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Western Coal Announces Energybuild Acquisition Update
Vancouver, B.C. July 19, 2010 - Western Coal Corp (TSX: WTN, WTN.WT and AIM:
WTN) (the "Company" or "Western") is pleased to announce the shareholders of
Energybuild Group Plc ("Energybuild") have approved today Western's 100%
acquisition of Energybuild. Upon receipt of approval from regulatory
authorities, the Company expects the transaction to close on August 6, 2010.
Keith Calder, President and Chief Executive Officer of Western Coal states, "We
are very pleased the Energybuild shareholders have approved the transaction.
Having the Energybuild team join Western reinforces and enhances our platform
for growth. Rhidian Davies, Managing Director of Energybuild, and his team have
done a tremendous job with the operations and building a well regarded company
with high value growth potential. It is now our job to work with Rhidian and the
team to leverage Western's technical expertise and financial strength to create
additional value at Energybuild."
Rhidian Davies, Managing Director of Energybuild comments, "I am looking forward
to working with Keith and the rest of the Western team on taking Energybuild to
reach its full potential. I would like to thank our employees and various
community partners for helping us build the company and look forward to further
continued success."
About Western Coal
Western Coal is a producer of high quality metallurgical coal from mines in
northeast British Columbia (Canada) and high quality metallurgical coal and
compliant thermal coal from mines located in West Virginia (USA). Western Coal
also owns approximately 55% of Energybuild Group Plc (EBG: AIM) which produces
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:
David Jan
Director, Investor Relations
Phone: 604-694-2891
Email: david.jan@westerncoal.com
Bobby Morse/Katharine Sutton
Buchanan Communications
Phone: 020 7466 5000
Ivonne Cantu/Joe Nally
Cenkos Securities plc
Phone: 020 7397 8900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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