/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, July 24, 2012 /CNW/ -China Coal Corporation ("China Coal" "CKO"
or the "Company") (CKO/TSX-Venture Exchange) announces that a bulletin
will be issued today by the TSX Venture Exchange authorizing resumption
of trading of the Company's shares for start of business on Wednesday,
July 25, 2012.
The Company's shares were halted for trading on February 8, 2012, on
announcing that it was intending to discontinue pursuit of operations
in the Peoples' Republic of China ("PRC") by proposing that the
shareholders of the Corporation (the "Shareholders") approve a dividend
disposition to the Shareholders, of the Company's sole asset, being the
shares of the wholly owned subsidiary Golden Hill International
Holdings Limited. That dividend distribution was subsequently cancelled
by CKO, but at that time the Company was still subject to a continuous
disclosure review, initiated during the second half of 2011 by the
Alberta Securities Commission. That review is now concluded, and thus
the TSX Venture Exchange is lifting the trading halt.
On behalf of the Board of Directors
Chief Financial Officer
CHINA COAL CORPORATION
This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities of the Company in the United
States. The Company's securities have not been and will not be
registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is available.
WARNING: This news release may contain forward looking statements based
on assumptions and judgments of management regarding future events or
results that may prove to be inaccurate as a result of exploration and
other risk factors beyond its control, and actual results may differ
materially from the expected results.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS
SOURCE: China Coal Corporation
For further information:
+1403 452 8806; FAX +1403 452 8892
675 - 340 12th Avenue S.W.
Calgary, Alberta, Canada