VANCOUVER, June 17 /CNW/ - Western Canadian Coal Corp. (TSX: WTN, WTN.DB
& WTN.WT and AIM: WTN) (or the "Company") is pleased to announce that its
review of strategic alternatives (the "Strategic Review") has resulted in a
number of non-binding proposals for all or part of the Company. As part of its
continuing effort to enhance shareholder value through a potential strategic
alliance, joint venture, merger, or a sale of all or part of the business, the
Company has invited a select group of interested parties to proceed to the
next round of the Strategic Review process and conduct further diligence.
The Company cautions shareholders that there is no assurance that the
Strategic Review will result in any specific strategic or financial
transaction. Western anticipates it will make no further announcements
regarding the Strategic Review unless there are material developments.
About Western Canadian Coal
Western Canadian Coal Corp. produces 3.7 million tonnes of high quality
metallurgical coal from three 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 15 years of coal reserves at
current production levels.
For further information:
For further information: David Jan, Manager, Investor Relations &
Corporate Development, Phone: (604) 608-2692, Email: firstname.lastname@example.org