UPDATE ON PREMIUM LISTING ON LONDON STOCK EXCHANGE
22 September 2010 - 8:00AM
UK Regulatory
TIDMWTN
RNS Number : 0802T
Western Coal Corporation
22 September 2010
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| Immediate Release | 22 September 2010 |
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Western Coal Corp
UPDATE ON PREMIUM LISTING ON LONDON STOCK EXCHANGE
Vancouver, B.C. September 21, 2010 -Western Coal Corp (TSX: WTN, WTN.WT and AIM:
WTN) ("Company" or "Western") would like to reaffirm today its original
intention (announced on 4th August 2010) to conclude a planned move to trading
of its Common Shares on the Main Market of the London Stock Exchange by 31
December 2010.
Western is in the process of restructuring its share capital and has decided for
this process to run concurrently with the London Stock Exchange Listing. The
restructuring involves the cancellation of 72,122,826 Common Shares of Western
that are held by wholly owned subsidiaries of Western. Details of this process
were announced on 3 August 2010 as part of the Q1 results statement.
With this notice Western is updating a notice issued on 15 September 2010
pursuant to Rule 41 of the AIM Rules, in which the target time frame for the
London Stock Exchange listing was given as 30 September 2010.
While admission to the Official List is subject to the relevant approvals by the
UKLA, the Company is not aware of any matters which would prevent it from
obtaining a premium listing on the Main Market.
About Western Coal
Western Coal is a producer of high quality metallurgical coal from mines in
northeast British Columbia (Canada), high quality metallurgical coal and
compliant thermal coal from 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
For further information:
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| Western Coal Corp. | Buchanan | Cenkos Securities |
| David Jan | Communications | Ivonne Cantu / |
| Head of Investor | Bobby Morse / | Adrian Hargrave |
| Relations | Katharine Sutton | +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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