Common Shares27 May 2009 10:54
Vancouver, B.C. May 27, 2009 - Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) (the "Company") announces that elections have been made in relation to certain warrants and debentures issued by the Company, which will result in a total of 1,616,666 common shares in the Company being issued to the warrant and debenture holders. Application has been made for these common shares to be admitted to trading on AIM and it is expected that admission will occur on May 28, 2009.
Disclosure in accordance with Rule 2.10 of the UK Takeover Code
In accordance with Rule 2.10 of the UK Takeover Code, Western confirms that it will have 211,332,601 common shares each without par value in issue. The ISIN code for the shares is CA9578601093.
In addition, Western has 70,938 debentures due 24 March 2011 convertible into 17,734,500 common shares at any time prior to maturity issuable at a conversion price of C$4.00 per common share quoted on the TSX (the ISIN code for these debentures is CA957860AA75) and US$279 in debentures due 30 November 2010 convertible into 381 common shares at any time prior to maturity at a conversion price of C$0.75 per common share which are not quoted.