Vancouver, British Columbia--(Newsfile Corp. - March 31, 2014) - Coalspur Mines Limited
(ASX: CPL) (TSX: CPT) ("Coalspur" or "Company") is pleased to announce the
release of an update to the previously filed technical report relating to its
Vista project ("Vista"), together with its Annual Information Form ("AIF") for
the year ended December 31, 2013. The requirement to update the technical report
arose from the previously announced revised capital expenditure estimates for
phases one and two of Vista. The AIF reflects updates on recent Company
developments, including certain amendments to the facility agreement with EIG
Global Energy Partners and an update on the previously announced Borrowdale Park
standby facility of C$10 million, which is expected to be executed imminently.
Both the AIF and the technical report are available on the Company's website,
www.asx.com.au and www.sedar.com.
About Coalspur
Coalspur is a coal development company with approximately
55,000 hectares of coal leases located within the Hinton region of Alberta,
Canada. Coalspur's flagship project is Vista, which covers approximately 10,000
hectares and provides a large scale, surface mineable, thermal coal development
opportunity. Vista is located adjacent to CN Rail's main line, which is suitable
for the transport of coal to deepwater ports on Canada's west coast. Coalspur
has secured a port allocation agreement with Ridley Terminals Inc., which is
essential to the logistics supply chain necessary to export coal from Vista to
the growing demand from the Asia Pacific countries. For additional information,
please contact:
No regulatory authority has approved or disapproved of the
information contained in this release.
This release contains forward-looking information concerning
the expected execution of definitive documents relating to the Borrowdale Park
standby facility. Although Coalspur believes that such forward-looking
information is based on reasonable assumptions, such information is not a
guarantee of future performance and actual results or developments may differ
materially from the forward-looking information. Material factors or assumptions
used by Coalspur to develop forward-looking information include the following:
that all required transaction parties will have approved the final revisions to
the definitive documents; and that signatories to the definitive documents will
be available for execution thereof. Factors that could cause actual results to
differ materially from the forward-looking information, include but are not
limited to: risks associated with transaction parties revising previously agreed
provisions, and signatories to transaction documents not being available for
execution thereof. For more information on Coalspur, investors should review
Coalspur's continuous disclosure filings that are available at www.sedar.com and
www.asx.com.au.
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