|By Marketwired .||
|April 11, 2014 10:11 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/12/14 -- EastCoal Inc. (NEX BOARD:ECX.H)(AIM:ECX) ("EastCoal" or the "Company") announces that in connection with its previously announced restructuring proceedings under the Bankruptcy and Insolvency Act (Canada) the Company filed a proposal to its creditors (the "Proposal") on April 10, 2014. A meeting of creditors to consider the Proposal (the "Creditors' Meeting") has been convened for April 22, 2014 at 10:00 am (PDT) at the offices of Deloitte Restructuring Inc., 2800-1055 Dunsmuir Street, Vancouver, British Columbia.
A copy of the Proposal (together with a notice of the meeting of creditors to consider the Proposal), the report of Deloitte Restructuring Inc. (the "Proposal Trustee") on the Proposal and certain related materials were mailed to known creditors of the Company by the Proposal Trustee, on April 11, 2014. These documents are available on the website of the Proposal Trustee at www.deloitte.com/ca/eastcoal.
Inquiries regarding the Proposal or the Creditors' Meeting and related matters should be directed to the Proposal Trustee (Paul Chambers +1 604 640 3368).
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.
+1 (604) 681-8069
Cenkos Securities plc
Alan Stewart/Derrick Lee
+44 (0) 131 220 6939