Shareholders Approve Acquisition25 Jun 2009 09:21
Shareholders Approve the Acquisition of Cambrian Mining
Vancouver, B.C. June 24, 2009 - Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) ("Company") is pleased to announce that shareholders have approved at today's special meeting the Company's acquisition of Cambrian Mining Plc, the Company's largest shareholder. Upon receipt of approval from regulatory authorities, the Company expects the transaction to close on July 13, 2009.
John Hogg, President and CEO comments, "This is an exciting day for the Company as the acquisition of Cambrian creates a larger, stronger and more diversified coal company. With the coal assets in Western Canada, West Virginia and South Wales (UK), the Company now has positioned itself as a global mid-tier coal producer that has the built-in capacity to produce over 7 million tonnes of metallurgical and thermal coal per year."