Interim Financial Statements and M D and A
Perth, May 16, 2012 AEST (ABN Newswire) - The Board of Directors of Coalspur Mines Limited (
ASX:CPL) present their report on the consolidated entity of Coalspur Mines Limited ("Coalspur" or "Company") and the entities it controlled during the three months and nine months ended March 31, 2012 ("Consolidated Entity").
INTRODUCTION
The following Management's Discussion and Analysis ("MD&A") should be read in conjunction with the Condensed Consolidated Financial Statements for the three months and nine months ended March 31, 2012 which are unaudited. The effective date of this report is May 15, 2012.
This discussion is current at the date of this MD&A. The condensed consolidated financial statements (and the financial information contained in this MD&A) were prepared in accordance with Australian equivalents to International Financial Reporting Standards ("AIFRS"). All figures are expressed in Canadian dollars ("$") unless otherwise indicated. Please note that the Company changed its reporting and presentation currency from Australian to Canadian dollars during the most recent quarter, as described in Note 1 to the financial statements.
Unless the context otherwise requires, references in this MD&A to the 'Company' or 'Coalspur' are references to Coalspur Mines Limited and its subsidiaries.
Additional information relating to the Company and its business, including the Company's Annual Information Form ("AIF"), is available under the Company's profile on SEDAR at http://www.sedar.com.
To view the complete Coalspur Mines Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-CPL-589990.pdf
About Coalspur Mines Limited
Coalspur Mines Limited (ASX:CPL) (TSE:CPT) is a coal development company with approximately 55,000 hectares of coal leases located within the Hinton region of Alberta, Canada. Coalspur's flagship project is Vista, which covers approximately 10,000 hectares and provides a large scale, surface mineable, thermal coal development. Vista is located adjacent to CN Rail's main line, which is suitable for the transport of coal to deepwater ports on Canada's west coast. Coalspur has secured a port allocation agreement with Ridley Terminals Inc., which is essential to the logistics supply chain necessary to export coal from Vista to the growing demand from the Asia Pacific countries.
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