Pacific Coal Resources Ltd. Announces Share Consolidation and Filing of Notice-and-Access

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, March 25, 2013 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK)\n is pleased to announce the consolidation of its issued and outstanding\n common shares on a one-for-seven basis as authorized by its\n shareholders at the Company's special meeting of shareholders held on\n March 11, 2013. The consolidation is being effected to reduce\n volatility in the stock and to make it more attractive to institutional\n investors.\n\n\nThe Company will also be consolidating its issued and outstanding\n warrants on a one-for-seven basis, with the result that each\n consolidated warrant will now entitle the holder to acquire one common\n share in the capital of the Company at an exercise price equal to seven\n times its original exercise price, or $14.70. The warrants of the\n Company were delisted from the TSX Venture Exchange effective as of\n close of market on March 19, 2013.\n\n\nCommencing at opening of trading on Monday, March 25, 2013, the common\n shares in the capital of the Company began trading on a\n post-consolidation basis on the TSX Venture Exchange.\n\n\nThe following table summarizes the Company's capital structure following\n the consolidation of its common shares and warrants (all dollar amounts\n expressed in Canadian dollars):\n\n\nTable 1 - Pacific Coal Resources Ltd. capital structure\n (post-consolidation) \n\n\n\n\n\n\n\nCommon Shares\n\n\n46,018,108 (TSX-V: PAK)\n\n\n\n\nStock Options\n\n\n\n\n3,130,714 stock options vested and exercisable at $9.45 per share\n expiring on March 10, 2016\n\n\n\n28,571 stock options vested and exercisable at $9.45 per share expiring\n on May 11, 2016\n\n\n\n45,714 stock options vested and exercisable at $4.69 per share expiring\n on October 24, 2016\n\n\n\n575,000 stock options vested and exercisable at $0.77 per share expiring\n on October 30, 2017\n\n\n\n71,429 stock options vested and exercisable at $1.75 per share expiring\n on January 22, 2018\n\n\n\n\n\n\n\nWarrants\n\n\n\n\n42,857 unlisted common share purchase warrants.  Each warrant entitles\n the holder to purchase one common share at $2.31 per warrant until July\n 12, 2015.\n\n\n\n10,678,568 listed common share purchase warrants (TSX-V: PAK.WT).  Each\n warrant entitles the holder to purchase one common share at $14.70 per\n warrant until March 14, 2016.\n\n\n\n\n\n\n\n\n\n\nNo fractional shares...

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