VANCOUVER, June 9 /PRNewswire-FirstCall/ -- Western Canadian Coal Corp (TSX: WTN, WTN.WT and WTN.DB and AIM: WTN) (the "Company" or "Western") announces that during the month of May 2008, $12.8 million of principal from the 7.5% debentures were converted into 3,204,000 common shares and $3.6 million of principal from the 8.5% debentures were converted into 4,814,280 common shares. Of the Company's warrants, 506,250 warrants to purchase the Company's common shares were subscribed during the month for proceeds of $1.6 million. A further 18,740,898 common shares were issued in May 2008 in association with the acquisition of Falls Mountain Coal Inc, (refer to press release on May 6, 2008). As at May 31, 2008, the Company has 155,397,842 common shares issued and outstanding.
About Western Canadian Coal
Western Canadian Coal Corp. produces 3.7 million tonnes of high quality metallurgical coal from three mines 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.
CONTACT: David Jan, Manager, Investor Relations & Corporate Development, Phone: (604) 608-2692, Email:
