TSX: WTN, WTN.DB and AIM: WTN
VANCOUVER, Dec. 21 /CNW/ - Western Canadian Coal Corp (TSX: WTN and
WTN.DB and AIM: WTN) ("Western" or "Company") is pleased to announce the
appointment of Mr. Julian A. Treger to the Board of Directors effective
December 14, 2007.
Mr. Treger (45) is the Managing Director of Audley Capital Advisors LLP.
Mr. Treger has over 20 years' experience in the finance industry, which
includes working at Hambros Bank and the J Rothschild Group. In 1994, he
founded Active Value Advisors and then subsequently in 2004, co-founded Audley
Capital. Mr Treger is currently a director of Blackstar Investments plc, BNB
Recruitment Solutions plc, and several other companies. He has previously been
an executive director of Corporate Services Group plc, Greycoat plc, Kenwood
Appliances plc and Communisis plc. Mr. Treger is a graduate from Harvard
College and has a MBA from Harvard Business School.
Mr. John Byrne, Chairman of Western Canadian Coal Corp. comments, "The
Board of Directors is very pleased to add Julian Treger's quality and talents
to the Board. We look forward to working closely with him as we move forward
in reducing our costs, increasing productivity and growing our Company."
About Audley Capital Advisors LLP
Audley European Opportunities Fund owns C$30 million of 8.5% senior
convertible debentures of Western which may be converted into common shares at
a ratio of approximately 1,333 common shares per C$1,000 principal amount of
debentures, subject to adjustment in certain events. (Refer to December 3,
2007 press release). Audley Capital Advisors LLP holds approximately 29% of
the common shares of Cambrian Mining plc and warrants to purchase up to 4.24
million common shares of Western.
About Western Canadian Coal
Western Canadian Coal Corp. produces 3.4 million tonnes of high quality
metallurgical coal from two mines located in the northeast of British
Columbia. The company also has interests in various coal properties in
northern and southern British Columbia and a 50% interest in the Belcourt
Saxon Limited Partnership, which was formed to explore and develop the
Belcourt and Saxon group of properties in northern BC. Currently, these
properties provide the company with an estimated 25 years of coal reserves.
The information in this news release contains certain forward-looking
statements that involve substantial known and unknown risks and uncertainties,
which are beyond Western's control, including the price of coal, risks
relating to the exploration and development of coal deposits, and other risk
factors outlined in Western's Annual Information Form available on SEDAR at
www.sedar.com. Western's actual results and performance could differ
materially from those expressed in, or implied by, such forward-looking
statements and, accordingly, no assurance can be given that any of the events
anticipated by the forward-looking statements will transpire or occur or, if
any of them do, what benefits Western will derive from them. This press
release is neither an offer to purchase securities nor a solicitation of an
offer to sell securities.
For further information:
For further information: David Jan, Manager, Investor Relations &
Corporate Development, (604) 608-2692 or email@example.com