Pacific Coal Resources Ltd. announces receipt of subscription agreement for US$4 million private placement

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, May 17, 2013 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK) is\n pleased to announce the receipt of an executed subscription agreement\n in respect of its previously announced US$ 4 million private placement\n (see press release dated May 8, 2013). Pacific Power Generation Corp.,\n a company existing under the laws of the Republic of Panama, is the\n sole subscriber under the private placement and is not currently a\n shareholder of the company.\n\n\nThe private placement is subject to TSXV approval and is expected to\n close on or about May 31, 2013.\n\n\nAbout Pacific Coal Resources Ltd.\n\n\nPacific Coal Resources Ltd. is a Canadian-based mining company engaged\n in the acquisition, exploration and production of coal and coal-related\n assets from properties located in Colombia. The Company's common shares\n and warrants are listed on the TSX Venture Exchange and trade under the\n symbol \"PAK\" and \"PAK.WT\" respectively.\n\n\nForward Looking Information:\n\n\nThis news release contains \"forward-looking information\", which may\n include, but is not limited to, statements with respect to the future\n financial or operating performance of the Company and its projects.\n Often, but not always, forward-looking statements can be identified by\n the use of words such as \"plans\", \"expects\", \"is expected\", \"budget\",\n \"scheduled\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\", or\n believes\" or variations (including negative variations) of such words\n and phrases, or state that certain actions, events or results \"may\",\n \"could\", \"would\", \"might\" or \"will\" be taken, occur or be achieved.\n Forward-looking statements involve known and unknown risks,\n uncertainties and other factors which may cause the actual results,\n performance or achievements of Pacific Coal to be materially different\n from any future results, performance or achievements expressed or\n implied by the forward-looking statements. Forward-looking statements\n contained herein are made as of the date of this press release and\n Pacific Coal disclaim, other than as required by law, any obligation to\n update any forward-looking statements whether as a result of new\n information, results, future events, circumstances, or if management's\n estimates or opinions should change, or otherwise. There can be no\n ...

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