June 18, 2008
Patriot Coal Registration Statement Declared Effective
ST. LOUIS, June 18 /PRNewswire-FirstCall/ -- Patriot Coal Corporation today announced that the Securities and Exchange Commission has declared effective the Registration Statement on Form S-4 containing the Proxy Statement/Prospectus for the Company's proposed issuance of stock in connection with the acquisition of Magnum Coal Company. The Proxy Statement/Prospectus will be mailed promptly to Patriot stockholders of record as of the close of business on June 16, 2008. The issuance of Patriot common stock in connection with the acquisition of Magnum is subject to the approval of Patriot stockholders, who will vote at a special meeting in St. Louis on July 22, 2008.
About Patriot Coal
Patriot Coal Corporation (the "Company") is a leading producer and marketer of coal in the eastern United States, with ten Company-operated mines and numerous contractor-operated mines in Appalachia and the Illinois Basin. The Company ships to electric utilities, industrial users and metallurgical coal customers, and controls approximately 1.3 billion tons of proven and probable coal reserves. The Company's common stock trades on the New York Stock Exchange under the symbol PCX.
Important Information for Stockholders
The Company has filed Amendment No. 2 to its Registration Statement on Form S-4 (the "Registration Statement") with the Securities and Exchange Commission (the "SEC") in connection with the proposed issuance of Company common stock in the transaction with Magnum Coal Company ("Magnum") that includes a definitive proxy statement/prospectus. Investors and stockholders are urged to read the definitive proxy statement/prospectus and any other relevant documents filed with the SEC because they contain important information about the proposed issuance. Investors and stockholders may obtain these documents free of charge at the website maintained by the SEC at http://www.sec.gov/. In addition, documents filed with the SEC by the Company are available free of charge by contacting investor relations by phone at 314-275-3680, in writing to Janine A. Orf, Director of Investor Relations, or by email to [email protected]
This communication shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
The Company, Magnum and certain of their respective directors, executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the proposed issuance. Information about the Company's directors and executive officers is set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2007 filed with the SEC on March 14, 2008 and in the proxy statement for the Company's 2008 annual meeting of stockholders filed by the Company with the SEC on April 7, 2008. Additional information regarding the potential participants in the proxy solicitation and information regarding the interests of such potential participants is included in the definitive proxy statement/prospectus and the other relevant documents filed with the SEC.
Patriot Coal Corporation
CONTACT: Janine Orf of Patriot Coal Corporation, +1-314-275-3680
Web site: http://www.patriotcoal.com/