Closing of Acquisition of Cambrian Mining

 

TIDMWTN TIDMCBM 
 
RNS Number : 5866V 
Western Canadian Coal Corp 
13 July 2009 
 

 
 
Western Canadian Coal Closes 
Acquisition of Cambrian Mining 
 
 
 
 
Vancouver, B.C. July 13, 2009 - Western Canadian Coal Corp (TSX: WTN, WTN.WT and 
WTN.DB and AIM: WTN) ("Company" or "Western") further to the announcement made 
by Cambrian Mining Plc ("Cambrian") and Western on 20 May 2009, the companies 
are pleased to announce that, as anticipated, all of the conditions to the 
scheme of arrangement ("Scheme") between Cambrian and its shareholders have been 
satisfied and the Scheme has become effective today. 
 
 
In accordance with the Scheme, a total of 88,619,782 new shares of Western ("New 
Western Shares") were issued today to Cambrian Shareholders on the register at 
6.00pm (UK) on 9 July 2009 ("Scheme Shareholders") on the basis of 0.75 New 
Western Shares for every Scheme Share held at that time. The New Western Shares 
will rank pari passu with the existing issued common shares of Western and 
trading of these shares on AIM is expected to commence at 8:00am (UK) on 14 July 
2009. 
 
 
The total number of Western common shares in issue with voting rights following 
this issue is 299,952,971. Upon cancellation of the Western shares owned by 
Cambrian, the total number of Western common shares in issue with voting rights 
will be 227,829,925. 
 
 
The CREST accounts of Scheme Shareholders holding Scheme Shares in 
uncertificated form are expected to be credited on 14 July 2009. Share 
certificates for the New Western Shares will be dispatched to Scheme 
Shareholders holding Scheme Shares in certificated form on or before 27 July 
2009. 
 
 
Cambrian Shares are currently suspended and Cambrian has applied for their 
admission to AIM to be cancelled on 14 July at 7:00am (UK). Euroclear UK & 
Ireland Limited, as operator of the CREST system, will be instructed to cancel 
Scheme Shareholders' entitlements to Scheme Shares held in uncertificated form. 
All certificates representing Scheme Shares have ceased to be valid. 
 
 
For those Cambrian options and warrants which have not been exercised, under the 
terms of Cambrian's articles of association as amended by the General Meeting 
held on 23 June 2009, such Cambrian option and warrant holders who exercise 
their options or warrants shall be entitled to receive New Western Shares upon 
exercise of such options or warrants on the basis of 0.75 New Western Shares for 
every 1 Cambrian Share which the option holder or warrant holder is entitled to 
under the terms of the option or warrant. 
 
 
Any term used but not defined in this announcement is as defined in the scheme 
document sent to shareholders of Cambrian on 26 May 2009. 
 
 
 
 
 
 
About Western Canadian Coal 
 
 
Western is a producer of high quality metallurgical and thermal coal from mines 
located in northeast British Columbia (Canada) and West Virginia (USA). The 
mines have the capacity to produce nearly 7 million tonnes per year and have 
nearly 20 years of coal reserves. Western also owns a 50.6% interest in 
Energybuild (AGB : AIM) which produces high quality anthracite and thermal coals 
in South Wales (UK). Other interests include a 45% interest in Xtract Energy 
(XTR : AIM), 20% interest in NEMI (NNE.A : TSX) and 100% of a small gold an 
antimony operation in Australia. The Company is headquartered in Vancouver, BC, 
Canada, and trades on the AIM and TSX stock exchanges under the symbol "WTN". 
For more information, please visit www.westerncanadiancoal.com 
 
 
For further information contact: 
 
 
Western Canadian Coal Corp: 
 
 
+------------+----------+------------------+ 
| Western    | David    | [phone]  | 
| Canadian   | Jan      |                  | 
| Coal       |          |                  | 
| Corp:      |          |                  | 
+------------+----------+------------------+ 
| Cenkos     | Ivonne   | [phone] | 
| Securities | Cantu    |                  | 
| plc        | /        |                  | 
|            | Adrian   |                  | 
|            | Hargrave |                  | 
+------------+----------+------------------+ 
 
 
 
 
Cambrian Mining Plc: 
+----------+-----------+-----------+ 
| Cambrian | Mark      | +44       | 
| Mining   | Burridge  | (0)20     | 
| Plc      | / Braam   | 7409 0890 | 
|          | Jonker    |           | 
+----------+-----------+-----------+ 
| Singer   | Jeff      | +44       | 
| Capital  | Keating   | (0)20     | 
| Markets  |           | 3205 7500 | 
+----------+-----------+-----------+ 
| Seymour  | Mark      | +44       | 
| Pierce   | Percy     | (0)20     | 
|          |           | 7107 8000 | 
+----------+-----------+-----------+ 
| Scott    | Stephen   | +44       | 
| Harris   | Scott /   | (0)20     | 
|          | Ian       | 7653 0030 | 
|          | Middleton |           | 
+----------+-----------+-----------+ 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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