EastCoal Inc Extension of Creditor Proposal Period (8907U)

TIDMECX

RNS Number : 8907U

EastCoal Inc

06 December 2013

EastCoal Announces Extension of Period to Make Proposal to Creditors

EastCoal Inc. (TSX-V: ECX, AIM: ECX) ("EastCoal" or the "Company") announces that on December 5, 2013 the Supreme Court of British Columbia granted the Company a 43 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 January 17, 2014 in which to make a proposal to creditors.

Contacts:

EastCoal Inc.

Abraham Jonker, President +1 (604) 681-8069

Cenkos Securities plc

Alan Stewart/Derrick Lee +44 (0) 131 220 6939

About EastCoal Inc.

EastCoal Inc. owns the Verticalnaya anthracite mine, which is operated by its 100% owned subsidiary East Coal Company.

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.

This information is provided by RNS

The company news service from the London Stock Exchange

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