Vancouver, BC / ACCESSWIRE / Aug 6, 2014 / EastCoal Inc. (NEX: ECX.H, AIM: ECX) ("EastCoal" or the "Company") advises that pursuant to AIM Rule 41, and following the Special Meeting of the Company on July 30, 2014 in which Shareholders approved the cancellation of the admission of the Company’s securities to AIM, the Company’s securities will be cancelled from admission to trading on AIM at 7:00 a.m. (London time) on August 27, 2014 (the “Cancellation”).
Trading Common Stock following the Cancellation
Following Cancellation the Company will maintain its NEX listing and will therefore continue to be subject to the Canadian Securities and Exchange Commission's reporting obligations. Once Cancellation has occurred there will be no market facility in the UK for dealing in EastCoal’s Depository Interests. Those wishing to trade their Depository Interests will need to do so through NEX and should contact Computershare UK on +44 (0)906 999 0000 to transfer their holding to the Canadian register.
On September 24, 2014 the CREST depository interest facility will be terminated and the ISIN for the securities previously held in CREST system will be disabled. At this time all Depository Interests that were previously admitted to trading on AIM and entered on the register maintained by Computershare will be placed on the Company's Canadian registrar list. A Depository Interest holder may instruct Computershare UK on +44 (0)906 999 0000 to effect the transfer prior to Close of business on September 23, 2014.
The Company's Canadian transfer agent and registrar will send out Direct Registration Statements to all EastCoal shareholders whose shares were previously entered on the share register maintained by Computershare UK. Any EastCoal shareholder holding a physical certificate should hold on to the certificate until such time as they wish to trade the shares.
Any questions regarding the handing in of share certificates or how to electronically deposit shares can be directed to EastCoal's Canadian transfer agent and registrar, Computershare ("Computershare"), 8th Floor, 100 University Avenue, Toronto, Ontario, M5J 2Y1 http://www.computershare.com/ . Computershare, or a brokerage firm of your choosing, will be able to further provide you with instructions regarding the process of trading your shares in Canada.
The Company will continue to keep EastCoal shareholders informed of the Company's financial and operational performance through ongoing updates in regulatory filings with the NEX, as well as updates in press releases, on the Company's website, (http://www.eastcoal.com/) and in investor meetings.
Contacts:
EastCoal Inc.
Hendrik Dietrichsen, CEO +44 (75) 9260 5241
Cenkos Securities plc
Alan Stewart/Derrick Lee +44 (0) 131 220 6939
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.
Source: EastCoal Inc.