EastCoal Announces Approval of Court Application
January 17 2014 - 7:00AM
Marketwired
EastCoal Announces Approval of Court Application
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 17, 2014) -
EastCoal Inc. (TSX-VENTURE:ECX)(AIM:ECX) ("EastCoal" or the
"Company") announces that on January 16, 2014 the Supreme Court of
British Columbia (the "Court") issued a court order approving the
Company's application for the sale of its subsidiaries as announced
on January 16, 2104 (the "Disposals"). In addition, the Court
issued the Company with a 46 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
March 3, 2014 in which to make a proposal to creditors.
The Company has also received conditional approval of the TSX
Venture Exchange for the Disposals.
EastCoal Inc.Abraham JonkerPresident+1 (604)
681-8069info@eastcoal.cawww.eastcoal.caCenkos Securities plcAlan
Stewart/Derrick Lee+44 (0) 131 220 6939
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