EastCoal Inc.
TSX VENTURE : ECX

EastCoal Inc.

January 19, 2012 13:05 ET

EastCoal Inc. Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 19, 2012) - EastCoal Inc. (TSX VENTURE:ECX) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

EastCoal Inc. (the "Company") announces that pursuant to its stock option plan and subject to approval by the TSX Venture Exchange, EastCoal has granted 150,000 options to a consultant. These options will have an exercise price of $0.65 per share and will expire on January 19, 2017. The securities represented by this grant will be subject to a four-month hold period.

By Order of the Board,

John Byrne, Chairman and CEO

About EastCoal Inc.

The Company changed its name to EastCoal Inc. in early 2011, to reflect its new strategy of developing coal operations. It is focused on the Donbass coal basin of Ukraine which has large coal reserves and excellent prospects.

EastCoal Inc. is currently developing its 100% owned Verticalnaya anthracite mine.

Neither 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.
    John Byrne
    Chairman and CEO
    604-681-8069
    604-685-4675 (FAX)