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Stock Market & Financial Investment News

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July 11, 2014
06:05 EDTWLBWestmoreland Coal 1.46M share Secondary priced at $35.50
BMO Capital and Deutsche Bank acted as joint book running managers for the offering.
News For WLB From The Last 14 Days
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May 20, 2015
07:02 EDTWLBWestmoreland says shareholders defeat proxy access proposal
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May 12, 2015
07:01 EDTWLBWestmoreland enters into arrangement with regard to Obed Mountain Mine
Westmoreland Coal Company, through its Coal Valley Resources Inc. subsidiary, has entered into an agreement with Athabasca Minerals that will result in the production of aggregate from Westmoreland’s Obed Mountain Mine site. Key highlights of the agreement include Athabasca purchasing the Obed rail transloading facility and royalty payments to Westmoreland for all gravel, sand and frac sand produced from the Obed Mountain Mine site. The deal is expected to close by the fourth quarter of 2015 and is subject to standard due diligence, as well as Athabasca obtaining consent from the provincial government to transfer the applicable government leases. “This deal provides Westmoreland with a fair market price for the transloading facility as well as a long term royalty revenue stream,” said John Schadan, Westmoreland’s President of Canada Operations. “We are pleased with the cooperative nature in which the parties concluded this arrangement and look forward to working alongside Athabasca on the Obed property.”

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