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VANCOUVER, BRITISH COLUMBIA -- (Marketwire - Jan. 19, 2012) - EastCoal Inc. (TSX VENTURE: ECX) (the "Company") announces that pursuant to its stock option plan and subject to approval by the TSX Venture Exchange, EastCoal has granted 150,000 options to a consultant. These options will have an exercise price of $0.65 per share and will expire on January 19, 2017. The securities represented by this grant will be subject to a four-month hold period.
By Order of the Board,
John Byrne Chairman and CEO
About EastCoal Inc.
The Company changed its name to EastCoal Inc. in early 2011, to reflect its new strategy of developing coal operations. It is focused on the Donbass coal basin of Ukraine which has large coal reserves and excellent prospects.
EastCoal Inc. is currently developing its 100% owned Verticalnaya anthracite mine.
Neither 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.
Contact Information
EastCoal Inc. John Byrne, Chairman and CEO 604-681-8069 604-685-4675 (FAX) www.eastcoal.ca
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THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
