Western Canadian Coal Completes $115M Offering

On February 9, 2005, Western Canadian Coal Corp., a mineral resource company focused on the development and production of coal for international markets, completed an offering, on a private placement bought deal basis, of 18,852,460 units for gross proceeds of approximately $115 million. Each unit consists of one common share and a one-half common share purchase warrant entitling the holder to acquire one additional common share until February 9, 2006. Western Canadian Coal is listed on the TSX Venture Exchange, has received conditional approval to list on the Toronto Stock Exchange, and is listed on the AiM Exchange in London, UK.

Western Canadian Coal was represented by Lawson Lundell LLP with a team that included John Smith, Chris Baldwin (mining) and Ryan Osing (securities).
The underwriting syndicate was led by Sprott Securities Inc. and included Salman Partners Inc., GMP Securities Ltd., and TD Securities Inc. The syndicate was represented by Fasken Martineau DuMoulin LLP with a team that included Chuck Higgins (securities/global mining) and Robert Eberschlag, Robert Mason and Steve Saville (securities) in Toronto, Darrell Podowski and Michelle Mullen (securities/global mining) in Vancouver, and Al Gourley and Kevin Clinton (securities/global mining) in London, UK.

The Seattle office of Dorsey & Whitney LLP represented Western Canadian Coal in the US with a team that included Christopher Barry and Christopher Doerksen (corporate/securities).