Coalspur Shareholders Approve Scheme of Arrangement

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Coalspur Shareholders Approve Scheme of Arrangement

by ahnationtalk on April 22, 2015371 Views

VANCOUVER, British Columbia: Coalspur Mines Limited (“Coalspur” or “Company”) (ASX: CPL, TSX: CPT) is pleased to advised that Coalspur shareholders have approved the scheme of arrangement by which KC Euroholdings S.à r.l. (“KCE”) will acquire all of the ordinary shares in Coalspur (“Scheme”).

Results of Scheme Meeting

The Scheme Meeting was held today at 10h00 (WST) in Perth, Western Australia and attended by the holders of ordinary shares in Coalspur. The resolution was voted on in accordance with the notice of meeting previously provided to the Australian Securities Exchange (“ASX”) and included as Annexure 5 to the Scheme Booklet.

The resolution to approve the Scheme was passed by the requisite majorities, following a poll taken at the meeting which was conducted by Computershare Investor Services Pty Limited.

The result of the poll conducted was:

Resolution Number of Votes
For Against Abstain % For
Approval of Scheme 270,619,814 25,357,148 11,719,943 91.4%

In accordance with Section 251AA of the Corporations Act 2001, the following information in relation to proxies received is also provided:

Number of Proxy Votes
Resolution
For Against Abstain Proxy’s
Discretion
Approval of Scheme 269,909,125 25,357,148 11,719,943 710,689

Notice of Second Court Hearing

The Second Court Hearing will be held at 09h15 (WST) on Tuesday, 28 April 2015 at the Federal Court of Australia at Peter Durack Commonwealth Court Building, 1 Victoria Avenue, Perth, Western Australia. Please see the attached notice for further details regarding the Second Court Hearing.

Coalspur Mines Limited ABN: 73 003 041 594
CANADA AUSTRALIA TSX Code: CPT   ASX Code: CPL
1500 – 1040 West Georgia Street Level 1, 28 Ord Street
Vancouver, BC V6E 4H1 West Perth, WA 6005
Telephone: +1 604 697 4470 Telephone: +61 8 6555 2945

Conditions Precedent to Scheme

The main outstanding conditions precedent which remain to be satisfied or waived before the Second Court Hearing include KCE completing the purchase of debts owed to EIG and Borrowdale by the Coalspur group and KCE amending Coalspur’s current contracts with Ridley Terminals Inc and Canadian National Railways, to the satisfaction of KCE.

Scheme Timetable

Upcoming key dates for the Scheme are set out below:

Event Date
Second Court Hearing for approval of the Scheme 28 April 2015
Effective Date of the Scheme 29 April 2015
Last date of trading of Coalspur Shares on ASX and TSX 29 April 2015
Record Date for determining entitlements to the Scheme Consideration 6 May 2015
Implementation Date   for the Scheme   and payment of   the Scheme 13 May 2015
Consideration

All stated dates are indicative only. Any changes to the above timetable will be announced to ASX and SEDAR. The Company will continue to keep shareholders updated on status of the Scheme as the timetable progresses.

For additional information, please contact:

Ryan Walchuck
Media and Investor
Relations [email protected]
P: +1 604 220 8595

NT3

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