VANCOUVER, Aug. 4 /CNW/ - Western Coal Corp (TSX: WTN, WTN.WT and AIM: WTN) (the "Company" or "Western") announces that it intends to apply for admission of its ordinary share capital to the Official List of the UK Listing Authority (the "Official List") and to trade on the London Stock Exchange's Main Market for listed securities. It is anticipated the move to the main board of the London Stock Exchange will be concluded before the end of December 2010.
The Board of Western believes that the Company has now reached a size and stage of maturity at which the Official List will be the most appropriate platform for future growth. The Directors believe the move will result in the Company benefiting in the UK markets from an increased potential investor base, a higher profile and an increase in the liquidity of its shares. Cenkos Securities has been appointed as sponsor in relation to the move to the Official List and as financial adviser to the Company.
About Western Coal
Western Coal is a producer of high quality metallurgical coal from mines in northeast British Columbia (Canada) and high quality metallurgical coal and compliant thermal coal from mines located in West Virginia (USA). Western Coal also owns approximately 55% of Energybuild Group Plc (EBG: AIM) which produces 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