Western Canadian Coal Announces CN Rail Contract and Sales Commitments for Wolverine Coal.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Western Canadian Coal Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : WTN WTN Watertown (Wisconsin) WTN Working Telephone Number WTN World Television Network WTN Wright Technology Network WTN World Timber Network WTN Womens' Television Network (Canada) ) (TSX: WTN.DB) (AIM: WTN) (the "Company" or "WCCC WCCC Westmoreland County Community College WCCC Working Connections Child Care WCCC World Computer Chess Championship WCCC Wayne County Community College (Michigan) WCCC Warren County Community College ") is pleased to announce that to date it has secured sales commitments for Wolverine wolverine or glutton, largest member of the weasel family, Gulo gulo, found in the northern parts of North America and Eurasia, usually in high mountains near the timberline or in tundra. hard coking coal of approximately 880,000 tonnes, representing 70% of its planned Wolverine sales of 1.25 million tonnes in this fiscal year. These commitments are to major steel mills around the world encompassing six countries over three continents. Additionally, the Company is in active negotiations with a number of other steel mills and anticipates it will have concluded agreements for the balance of the Wolverine's planned sales by the end of August 2006. If the remaining price settlements follow those already concluded, an average price of approximately US$100 per tonne is anticipated for the current coal year. The first trial shipments of Wolverine coal, projected to load in the July-September quarter of 2006, are expected to confirm the high quality coking coal characteristics of Wolverine coal obtained in customer tests of samples previously provided by WCCC. Western Canadian Coal Corp is also pleased to announce that it has reached agreement with CN Rail on a term agreement covering rail shipments of Wolverine coal to Prince Rupert Prince Rupert, city (1991 pop. 16,620), W British Columbia, Canada, on Kaien Island, in Chatham Sound near the mouth of the Skeena River, S of the Alaska border. , BC. Gary Livingstone, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of WCCC said, "Rail is a critical link in the supply chain to our customers and this arrangement with North America's most efficient rail carrier will help ensure reliable and effective delivery of Wolverine coal." Forward-Looking Information This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs. As a result, actual future events or results could differ materially from those suggested by the forward-looking statements. Readers are referred to the documents filed by the Company on SEDAR SEDAR System for Electronic Document Analysis and Retrieval SEDAR Southeast Data, Assessment, and Review . Such risk factors include, but are not limited to changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply o·ver·sup·ply n. pl. o·ver·sup·plies A supply in excess of what is appropriate or required. tr.v. o·ver·sup·plied, o·ver·sup·ply·ing, o·ver·sup·plies of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt the Company's construction schedule or operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward-looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters. WESTERN CANADIAN COAL CORP. "Gary K. Livingstone" President and Chief Executive Officer |
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