Western Canadian Coal Closes $60 Million Common Share Offering



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    


    VANCOUVER, Aug. 19 /CNW/ - Western Canadian Coal Corp (TSX: WTN, WTN.WT
and WTN.DB and AIM: WTN) ("Western" or "Company") is pleased to announce that
it has completed the bought deal financing previously announced on July 24,
2009 and has issued 22.1 million common shares at $2.70 per share for gross
proceeds of $59.7 million. The financing, which was oversubscribed, was
underwritten by a syndicate of investment dealers led by Cormark Securities
Inc. and included GMP Securities L.P., Canaccord Capital Corporation., and
Salman Partners Inc. (the "Underwriters"). In addition, to the basic offering
of 19.3 million shares, the Underwriters exercised their over-allotment option
to acquire an additional 2.8 million shares.
    The total number of common shares outstanding in the Company after the
offering will be approximately 322 million (including 72.1 million common
shares held directly or indirectly by Cambrian Mining Limited, a wholly owned
subsidiary of the Company, which are not entitled to be voted and are to be
cancelled in due course).
    This press release shall not constitute an offer to sell or solicitation
of an offer to buy the securities in any jurisdiction. The common shares will
not be and have not been registered under the United States Securities Act of
1933 and may not be offered or sold in the United States absent registration
or applicable exemption from the registration requirements.

    About Western

    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 a 50.6% interest Energybuild
(EBG: AIM) which produces high quality anthracite and thermal coals in South
Wales (UK). Other interests owned include a 45% interest in Xtract Energy
(XTR: AIM), 20% interest in NEMI Northern Energy & Mining (NNE.A: TSX) and
100% of a small gold and antimony operation in Australia. 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.westerncanadiancoal.com





For further information:

For further information: David Jan, Director, Investor Relations, (604)
608-2692, djan@westerncoal.com

Organization Profile

WESTERN COAL CORP.

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