Western Canadian Coal Announces Shareholdings
Posted on: Thursday, 25 September 2008, 17:46 CDT
VANCOUVER, Sept. 25 /PRNewswire-FirstCall/ -- Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) ("Company") announces that according to AIM Rule 17, the Company is aware that Dresdner Bank AG as at September 25, 2008 owns 13,578,048 shares of the Company, which is approximately 7.4% of the Company's common shares outstanding.
In addition, the Company announces that Cambrian Mining plc ("Cambrian") has exercised certain warrants that were due to expire on September 30, 2008, resulting in the issuance of 520,000 shares to Cambrian. Following the exercise of the warrants the Cambrian group of Companies owns approximately 39.4% of the Company's common shares outstanding.
As of today, the Company has 182.9 million common shares outstanding. About Western Canadian Coal
Western Canadian Coal Corp. produces 3.5 million tonnes of high quality metallurgical coal from three mines - Wolverine, Brule and Willow Creek - located in the northeast of British Columbia. The company also has interests in various coal properties in northern and southern British Columbia and a 50% interest in the Belcourt Saxon Limited Partnership, which was formed to explore and develop the Belcourt and Saxon group of properties in northern BC. Currently, these properties provide the company with an estimated 15 years of coal reserves at current production levels.
Western Canadian Coal Corp.
CONTACT: David Jan, Manager, Investor Relations & Corporate Development,Phone: (604) 608-2692, Email: djan@westerncoal.com
Source: PRNewswire-FirstCall
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