VANCOUVER, Aug. 9 /CNW/ - Western Coal Corp (TSX: WTN, WTN.WT and AIM: WTN) (the "Company" or "Western") is pleased to announce that further to the announcements made on July 19, 2010 and June 8, 2010, all the conditions of the scheme of arrangement ("Scheme") have been satisfied and the Scheme has become effective today.
In accordance with the Scheme, a total of 8,551,578 new Western common shares will be issued today with trading of these shares on AIM expected to commence at 8:00am (UK) on 10 August 2010.
After this issue, the total number of issued and outstanding Western common shares is 345,195,111, including 72,122,826 issued and outstanding shares held by a wholly-owned subsidiary of the Company. As a result, 273,072,285 common shares are held by the public.
About Western Coal
Western Coal is a producer of high quality metallurgical coal from mines in northeast British Columbia (Canada), high quality metallurgical coal and compliant thermal coal from mines located in West Virginia (USA), and high quality anthracite and metallurgical coal in South Wales (UK). Other interests owned include a 48% interest in Mandalay Resources Corporation (TSX.V: MND), 40% 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: Western Coal Corp.: David Jan, Head of Investor Relations, +1 604 694 2891, David.firstname.lastname@example.org; Buchanan Communications: Bobby Morse, James Strong, Katharine Sutton, +44 207 466 5000; Cenkos Securities: Ivonne Cantu, Beth McKiernan, +44 207 397 8900