EastCoal Inc.

EastCoal Inc.

December 05, 2013 19:44 ET

EastCoal Announces Extension of Period to Make Proposal to Creditors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 5, 2013) - EastCoal Inc. (TSX VENTURE:ECX)(AIM:ECX) ("EastCoal" or the "Company") announces that on December 5, 2013 the Supreme Court of British Columbia granted the Company a 43 day extension to make a proposal to its creditors under the Bankruptcy and Insolvency Act (Canada) ("BIA").

The extension has the effect of allowing the Company until January 17, 2014 in which to make a proposal to creditors.

About EastCoal Inc.

EastCoal Inc. owns the Verticalnaya anthracite mine, which is operated by its 100% owned subsidiary East Coal Company.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • EastCoal Inc.
    Abraham Jonker
    +1 (604) 681-8069

    Cenkos Securities plc
    Alan Stewart/Derrick Lee
    +44 (0) 131 220 6939