VANCOUVER, Feb. 12 /CNW/ - Western Coal Corp. (TSX: WTN, WTN.DB & WTN.WT and AIM: WTN) ("Western") announces the British Columbia Court of Appeal ("Court") has rendered a decision on the Company's royalty dispute with two former directors and officers of the Company. The Court has granted the Company's appeal, in part. The effect of the decision is to reduce the rate of royalty payable by 40%. Further information on the royalty dispute can be found in the Company's fiscal Q3-2010 financial statements, footnote 15 (a), which is available on SEDAR or the Company's website.
The parties have sixty (60) days to apply for leave to appeal this decision to the Supreme Court of Canada. The Company is still in the process of reviewing the Court's decision and determining whether it will seek leave to appeal this decision.
Western is a producer of high quality metallurgical and thermal coal from mines located in northeast British Columbia (Canada) and West Virginia (USA). The mines have the capacity to produce 7 million tonnes per year and have over 20 years of coal reserves. Western also owns approximately 55% of Energybuild (EBG: AIM) which produces high quality anthracite and thermal coal in South Wales (UK). Other interests owned include a 42% 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
SOURCE WESTERN COAL CORP.
For further information: For further information: David Jan, Director, Investor Relations, Phone: (604) 694-2891, Email: email@example.com