Pacific Coal Resources Ltd. announces the voluntary delisting of warrants and grant of stock options

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Feb. 19, 2013 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK)\n announces the voluntary delisting of 74,749,976 warrants, being all of\n the Company's warrants currently trading on the TSX Venture Exchange\n under the symbol PAK.WT. Due to the minimal trading volume of the\n warrants, the Company is electing to delist the warrants to further its\n ongoing cost reduction initiative undertaken in 2012. The warrants are\n expected to be delisted at market close on March 18, 2013, being 20 trading days following the date of this release, as required\n by the TSXV.\n\n\nOptions\n\n\nThe Company also announces that on January 22, 2013 it granted options\n to purchase 400,000 common shares of the Company to newly appointed\n officers of the Company, subject to regulatory approval. The stock\n options were granted pursuant to the Company's stock option plan and\n are exercisable at a price of $0.25 per share, set to expire on January\n 22, 2018.\n\n\nOn October 30, 2012, the Company granted options to purchase 4,000,000\n common shares of the Company to a newly appointed officer of the\n Company, subject to regulatory approval. The stock options were granted\n pursuant to the Company's stock option plan and are exercisable at a\n price of $0.11 per share, set to expire on October 30, 2017.\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\"...

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