Colonial Coal Nominates Gregory A. Waller for Director
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug 29, 2017) - Colonial Coal International Corp. (TSX VENTURE:CAD) (the "Corporation" or "Colonial Coal") is pleased to announce that Gregory A. Waller has consented to putting his name forward, with the support our entire Board of Directors, for nomination for election as a director of Colonial Coal at the Corporation's upcoming annual general meeting materials to be held on September 13, 2017.
Mr. Waller has over 30 years of experience in the mining industry as a senior executive in the areas of investor relations, business and corporate development, marketing and finance.
Currently, Mr. Waller is Senior Vice President, Investor Relations and Strategic Analysis, for Teck Resources Ltd.. He has been a key member of the senior management team at Teck and involved with numerous acquisitions, financings and other strategic initiatives. Mr. Waller holds an MBA from the University of Calgary and a B. Comm. from the University of British Columbia.
David Austin, President and CEO of Colonial Coal, stated: "We are very pleased to have Greg join our Board. His extensive experience in corporate development and finance, with deep knowledge of the metallurgical coal industry, will be an excellent complement to our existing Board."
About Colonial Coal International Corp.
Colonial Coal is a publicly traded coal corporation in British Columbia that focuses primarily on coking coal projects. The northeast Coal Block of British Columbia, within which our Corporation's projects are located, hosts a number of proven deposits and has been the subject of M&A activities by Xstrata, Walter Energy, Anglo-American and others.
Additional information can be found on the Corporation's website www.ccoal.ca or by viewing the Corporation's filings at www.sedar.com.
Forward-Looking Information
Information set forth in this news release involves forward-looking statements, including statements relating to the Corporation's potential sale of an interest in its Flatbed Property. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address a Corporation's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: risks associated with marketing and sale of securities; the need for additional financing; reliance on key personnel; the potential for conflicts of interest among certain officers or directors with certain other projects; and the volatility of common share price and volume. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and except as required by law, the Corporation undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE CORPORATION AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE CORPORATION MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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Contact
Colonial Coal International Corp.
David Austin
President and CEO
604.568.4962
daustin@ccoal.ca
www.ccoal.ca
