Extended Exclusivity Agreement
02 Décembre 2010 - 12:00PM
UK Regulatory
TIDMWTN
RNS Number : 2445X
Western Coal Corporation
02 December 2010
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Immediate Release 2
December 2010
Western Coal Corp
Western Coal And Walter Energy Extend Exclusivity Agreement
Vancouver, BC, December 2, 2010 -Western Coal Corp. (TSX: WTN, WTN.WT and AIM:
WTN) ("Western") today announced that it has extended its exclusivity agreement
with Walter Energy, Inc. (NYSE: WLT) ("Walter"). Under the terms of the
agreement, which was announced November 18, 2010, both companies are working
exclusively with each other toward the negotiation of a definitive agreement to
give effect to Walter's proposal for a potential business combination.
About Western Coal
Western Coal is a producer of high quality metallurgical coal from three mines
in northeast British Columbia (Canada), high quality metallurgical coal and
compliant thermal coal from four mines located in West Virginia (USA), and high
quality anthracite and metallurgical coal in South Wales (UK). Other interests
owned include a 24% interest in Mandalay Resources Corporation (MND: TSX), 40%
interest in Xtract Energy (XTR: AIM), and a 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
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For further information:
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| Western Coal Corp. | Buchanan | Cenkos |
| David Jan | Communications | Securities |
| Head of Investor | Bobby Morse / | Nominated |
| Relations | Katharine Sutton | Advisor and |
| +1 604 694 2891 | +44 (0)207 466 5000 | Broker |
| David.jan@westerncoal.com | bobbym@buchanan.uk.com | Nick Wells/ |
| | | Ivonne Cantu |
| | | +44 207 397 8900 |
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This information is provided by RNS
The company news service from the London Stock Exchange
END
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