Western Canadian Coal Corp. News
Western Canadian Coal Strategic Review Remains Ongoing
VANCOUVER, June 17 PRNewswire-FirstCall - Western Canadian Coal Corp. (TSX: WTN, WTN.DB & WTN.WT and AIM: WTN) (or the "Company") is pleased to announce that its review of strategic alternatives (the "Strategic Review") has resulted in a number of non-binding proposals for all or part of the Company. As part of its continuing effort to enhance shareholder value through a potential strategic alliance, joint venture, merger, or a sale of all or part of the business, the Company has invited a select group of interested parties to proceed to the next round of the Strategic Review process and conduct further diligence.
The Company cautions shareholders that there is no assurance that the Strategic Review will result in any specific strategic or financial transaction. Western anticipates it will make no further announcements regarding the Strategic Review unless there are material developments.
About Western Canadian Coal
Western Canadian Coal Corp. produces 3.7 million tonnes of high quality metallurgical coal from three mines 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.
CONTACT: David Jan, Manager, Investor Relations & Corporate Development, Phone: (604) 608-2692, Email: djan@westerncoal.com
SOURCE Western Canadian Coal Corp.
Search Our News Using Google Search
Can't find what you want? Try using Google:
