VANCOUVER, British Columbia, June 9, 2015 (GLOBE NEWSWIRE) -- Coalspur Mines Limited ("Coalspur" or "Company") (ASX:CPL) (TSX:CPT) is pleased to advise that the Federal Court of Australia ("Court") has approved the scheme of arrangement pursuant to which KC Euroholdings S.à r.l. ("KCE") will acquire all of the ordinary shares in Coalspur ("Scheme").
It is expected that a copy of the Court's orders will be lodged with the Australian Securities and Investments Commission tomorrow, at which time the Scheme will become legally effective. Coalspur shares will be suspended from trading on the Australian Securities Exchange ("ASX") and the Toronto Stock Exchange ("TSX") at the close of trade on 11 June 2015.
Coalspur shareholders who hold shares on 18 June 2015 ("Record Date") will be entitled to receive the Scheme consideration of A$0.023 per Coalspur share ("Consideration"). It is expected that the Consideration will be paid to Coalspur shareholders on 25 June 2015.
No regulatory authority has approved or disapproved of the information contained in this release.
This release contains forward-looking information concerning Coalspur, including information regarding Coalspur's expectations regarding the proposed acquisition of Coalspur by way of an Australian scheme of arrangement. All statements in this release, other than statements of historical facts, that address events or developments that Coalspur expects to occur, are statements of forward-looking information. Although Coalspur believes that such forward-looking information is based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from the forward-looking information.
CONTACT: For additional information, please contact: Ryan Walchuck Media and Investor Relations email@example.com P: +1 604 220 8595Source:Coalspur Mines Ltd.