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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Eastcoal | TSXV:ECX | TSX Venture | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
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EastCoal Inc. (TSX VENTURE:ECX)(AIM:ECX) ("EastCoal" or the "Company") announces
that on January 16, 2014 the Supreme Court of British Columbia (the "Court")
issued a court order approving the Company's application for the sale of its
subsidiaries as announced on January 16, 2104 (the "Disposals"). In addition,
the Court issued the Company with a 46 day extension to make a proposal to its
creditors under the Bankruptcy and Insolvency Act (Canada) ("BIA"). The
extension has the effect of allowing the Company until March 3, 2014 in which to
make a proposal to creditors.
The Company has also received conditional approval of the TSX Venture Exchange
for the Disposals.
FOR FURTHER INFORMATION PLEASE CONTACT:
EastCoal Inc.
Abraham Jonker
President
+1 (604) 681-8069
info@eastcoal.ca
www.eastcoal.ca
Cenkos Securities plc
Alan Stewart/Derrick Lee
+44 (0) 131 220 6939
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