Shareholders Approve the Acquisition of Cambrian Mining VANCOUVER, June 24 /CNW/ – Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) (?Company?) is pleased to announce that shareholders have approved at today?s special meeting the Company?s acquisition of Cambrian Mining Plc, the Company?s largest shareholder. Upon receipt of approval from regulatory authorities, the Company expects the transaction to close on July 13, 2009.
John Hogg, President and CEO comments, ?This is an exciting day for the Company as the acquisition of Cambrian creates a larger, stronger and more diversified coal company. With the coal assets in Western Canada, West Virginia and South Wales (UK), the Company now has positioned itself as a global mid-tier coal producer that has the built-in capacity to produce over 7 million tonnes of metallurgical and thermal coal per year.?
About Western Canadian Coal
Western Canadian Coal Corp. produces high quality metallurgical coal from mines located in the northeast of British Columbia. The coal is sold to many of the top steelmakers in the world. The Company also has interests in various coal properties in northern and southern British Columbia and a 50% interest to explore and develop the Belcourt and Saxon group of properties in northern BC. For more information, please visit www.westerncanadiancoal.com