Coalspur Mines Limited (the “Corporation”) General Meeting of Shareholders - Report of Voting Results

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Coalspur Mines Limited

Jun 27, 2013, 01:57 ET

Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations

PERTH, Western Australia, June 27, 2013 /CNW/ -

The following matters were approved by the shareholders of the Corporation:

Resolution Result Number of Proxy Votes
For Against Proxy's
Discretion 		Abstain/
Excluded
1. Approval of issue of
EIG Convertible Notes,
EIG Warrants and
Shares to EIG Funds 		Passed on a
show of hands 		287,043,317 1,767,423 18,550 4,300
2. Approval of BP
Convertible Loan and
issue of BP Warrants
and Shares to
Borrowdale 		Passed on a
show of hands 		123,576,565 1,801,573 18,550 163,436,902

Following the General Meeting, Coalspur will have access to US$37 million of the EIG Convertible Notes and will have access to an additional US$120 million following the completion of various terms and conditions, which include the receipt of regulatory approvals required to commence construction on its Vista Coal Project. The remaining balance available under the EIG facility of up to US$350 million will be available upon satisfaction of additional conditions including finalising the mining contract and funding for Vista's development capital.

SOURCE: Coalspur Mines Limited

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