SOURCE: Longview Capital Partners Incorporated

December 07, 2006 19:00 ET

Longview Capital Partners Acquires Position in Waratah Coal Inc.

Early Warning Report

VANCOUVER, BC -- (MARKET WIRE) -- December 7, 2006 -- Longview Capital Partners Incorporated ("LVCP") (TSX-V: LV) issues this press release pursuant to Section 111 of the Securities Act (British Columbia) and Section 141 of the Securities Act (Alberta) with respect to Waratah Coal Inc. (formerly Eaglestar Ventures Inc.) (the "Issuer").

LVCP acquired 4,930,213 common shares ("Common Shares") and 216,845 special warrants ("Special Warrants") and 736,764 share purchase warrants ("Warrants") of which 536,764 entitle the holder to acquire an additional Common Share at $0.50 per share for a period of two years, and 200,000 entitle the holder to acquire an additional Common Share at $0.75 per share for a period of 18 months. Each Special Warrant is convertible into a Common Share for no additional consideration and has a term of 3 years.

These securities represent in the aggregate approximately 18.1% of the Issuer's share capital, on a partially diluted basis. Prior to the exercise of any of the Special Warrants or Warrants, the Common Shares acquired by LVCP represent 15.65% of the Issuer's issued and outstanding share capital. LVCP acquired the securities via a previously announced Qualifying Transaction with the Issuer and via private placement with the Issuer. Prior to this transaction, the Offeror did not hold any securities in the capital of the Issuer.

LVCP acquired these securities for investment purposes. Depending on economic or market conditions or matters relating to the Issuer, LVCP may choose to either acquire additional securities or dispose of securities of the Issuer.

Longview Capital Partners is an Investment Issuer, focused on capitalizing on early stage opportunities in the resource sector.

On behalf of the Board of Directors,

Damien Reynolds,
Chairman & CEO
The TSX Venture Exchange does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Contact:
    Longview Capital Partners Inc.
    1111 West Georgia Street, Suite 2400
    Vancouver, BC
    Canada V6E 4M3
    phone: +(604) 681 5755
    fax: +(604) 684 2990