VANCOUVER, June 11 /CNW/ - Western Canadian Coal Corp (TSX: WTN, WTN.WT
and WTN.DB and AIM: WTN) ("Company" or "Western") is pleased to announce that
Risk Metrics, an independent provider of proxy voting and corporate governance
services, has recommended that shareholders vote in favour of Western's
proposed resolution to acquire all of the outstanding shares of Cambrian
Mining Plc, The resolution will be voted on at the special meeting of
shareholders to be held on Wednesday June 24, 2009. Risk Metrics reached their
conclusion after reviewing the Company's Notice of Meeting and Management
Information Circular, dated May 22, 2009.
The combined operations of Western, a Canadian producer of high quality
metallurgical coal, and Cambrian, a UK based diversified mining company
operating in three continents, will result in a financially stronger and more
diversified coal mining company.
In making its recommendation, Risk Metrics concluded "The business
combination is with a subsidiary and offers business synergies through product
and market diversification as well as cost savings. We understand that the
Cambrian team has been instrumental in the past (in) building up Western's
capabilities....The merger agreement warrants shareholder support."
To ensure that shareholders vote by way of proxy count, the proxy forms
that were mailed to all shareholders must be received by 9:00am (Vancouver) on
June 22, 2009 using one of the methods described on the form of proxy.
For more information on how to vote on the proposed resolution
shareholders should contact Georgeson Shareholder Communications Canada Inc.,
the Company's proxy solicitation agent, toll free at 1-866-676-2882.
About Risk Metrics
Risk Metrics provides advisory and voting services to over 2,200 clients,
including leading pension funds, investment managers, mutual funds and
institutional shareholders since 1987. Permission to use quotations from the
Risk Metrics report was neither sought nor obtained.
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
For further information:
For further information: David Jan, Director, Investor Relations, Phone:
(604) 608-2692, Email: firstname.lastname@example.org