SOURCE: Waratah Coal Inc.

December 07, 2006 16:24 ET

Waratah Coal Grants Incentive Stock Options

BRISBANE, AUSTRALIA and VANCOUVER, BC -- (MARKET WIRE) -- December 7, 2006 -- Waratah Coal Inc. (TSX-V: WCI) (the "Company"), announces that in conjunction with the Qualifying Transaction announced earlier today and subject to TSX Venture Exchange approval, it has granted 2,145,000 stock options to directors, officers, and consultants of the Company. The options are set for a period of five years and will allow the holder to purchase a share in the Company at a price of $0.60. Any shares issued on the exercise of these stock options will be subject to a four-month hold period from date of grant.

On behalf of the Board of Directors
"Peter Lynch"
President, Chief Executive Officer and Director
These securities have not been registered under the United States Securities Act of 1933 (the "US Securities Act") or the securities laws of any state, and may not be offered or sold in the United States or to US persons (as defined in Regulation S under the US Securities Act) unless an exemption from registration is available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • For further information please contact:
    Peter Lynch
    Telephone: +61 7 3303 0692
    Emai: Email Contact

    WARATAH COAL INC.
    LEVEL 5, 60 EDWARD STREET
    BRISBANE QLD 4000 AUSTRALIA