Coalspur shareholders approve acquisition by KC Euroholdings

On April 22, 2015, Coalspur Mines Limited ("Coalspur") announced that Coalspur shareholders have approved the scheme of arrangement by which KC Euroholdings S.à r.l. ("KCE") will acquire all of the ordinary shares in Coalspur for aggregate considerations of AU$15 million. Under the proposed scheme, KCE will seek to acquire all of the outstanding shares of Coalspur by offering a cash payment of AU$0.023 per Coalspur share, subject to the fulfilment of regulatory conditions.

Coalspur engages in the exploration and development of thermal coal projects in Canada.

McCarthy Tétrault LLP advised Coalspur with a team that included Roger Taplin, Fleur Heck, Robin Mahood, and Maureen Gillis (Mining and M&A).