Grande Cache Coal Corporation

Grande Cache Coal Corporation

December 08, 2011 14:37 ET

Grande Cache Coal Announces Officers and A Director Receive Notice of Hearing from the ASC

CALGARY, ALBERTA--(Marketwire - Dec. 8, 2011) - Grande Cache Coal Corporation (TSX:GCE) ("Grande Cache Coal" or the "Corporation") announces that it has been made aware that a Notice of Hearing has been issued by the Alberta Securities Commission ("ASC") with respect to Robert Stan, Eugene Nagai and Kevin Wade, each officers of the Corporation and in the case of Mr. Stan, a director of the Corporation, along with certain other persons, alleging contraventions of section 147 of the Securities Act (Alberta) and conduct contrary to the public interest. The allegations relate to trading in securities of the Corporation by the above noted persons. The Corporation has not been named as a party to the Notice of Hearing.

The allegations are unproven and the Corporation has been informed that each of the named persons denies the allegations and intends to dispute and defend himself against the allegations in the Notice. For more information please refer to ASC notice 2011 ABASC 610 dated December 5, 2011, which is available on the ASC's website.

Grande Cache Coal is an Alberta based metallurgical coal mining company whose experienced team of coal professionals are managing a mine that produces metallurgical coal for the steel industry and holds coal leases covering over 22,000 hectares containing an estimated 346 million tonnes of coal resources in the Smoky River Coalfield located in west-central Alberta. Grande Cache Coal's common shares are listed on the Toronto Stock Exchange under the trading symbol "GCE".

Contact Information

  • Grande Cache Coal Corporation
    Ian Bootle
    Vice President, Finance and Chief Financial Officer
    (403) 543-7070
    (403) 543-7092 (FAX)