Change of Financial Year
Alberta, Dec 7, 2012 AEST (ABN Newswire) - Coalspur Mines Limited (
ASX:CPL) (TSE:CPT) advises that it will adopt December 31 as its financial year end commencing on December, 31 2012.
The purpose of the change in financial year is to align the Company's financial year end with that of its Canadian subsidiary as it develops the Vista Coal Project.
As a consequence the Company will prepare Financial Statements and an Annual Report for the period from the July 1, 2012 to December, 31 2012. The Financial Report and Directors' Report will be lodged with the ASX on or before 31 March 2013 with the Annual Report being lodged by 30 April 2013.
The Company will hold its 2013 Annual General Meeting by 31 May 2013.
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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