Dispatch of Scheme Booklet & Extension of Time to Hold AGM
Vancouver, Mar 24, 2015 AEST (ABN Newswire) - Coalspur Mines Limited ("Coalspur" or "Company") (
ASX:CPL) (TSE:CPT) is pleased to confirm that the scheme booklet related to the proposed acquisition of Coalspur by KC Euroholdings S.à r.l. ("KCE") by way of an Australian scheme of arrangement ("Scheme"), has been dispatched to shareholders, including a notice convening a meeting of Coalspur shareholders to consider the Scheme ("Scheme Meeting").
The Scheme Meeting will be held on Wednesday, 22 April 2015 at The Celtic Club, 48 Ord Street, West Perth, Western Australia at 10.00am (WST). A copy of the Scheme booklet is available on the Coalspur website at www.coalspur.com.
The Company is also pleased to announce that the Australian Securities and Investments Commission ("ASIC") has granted Coalspur an extension of time to hold its annual general meeting ("AGM") for its financial year ended 31 December 2014. Pursuant to the relief granted by ASIC, Coalspur must hold its AGM by 31 July 2015.
An extension of time was sought to enable Coalspur's AGM to be held once the outcome of the proposed Scheme is known. This application for relief was disclosed in section 11.11(b) of the Scheme Booklet dated 17 March 2015.
Coalspur will continue to keep shareholders updated on the status of the Scheme as the timetable progresses.
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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