Proceeds of the placing and private placement will be used to complete funding required for the production start-up schedule of Dillon, estimated to hold saleable reserves of 1.6 million tonnes, and to fund environmental and regulatory permits for the company’s Perry Creek opencut and underground deposits and the EB Trend opencut deposit.

Funds will also provide initial funding for environmental and regulatory permits for WCCC’s Brule mine property.

“We believe that the Company’s growth potential will be significantly enhanced by listing on AIM. We have large, multi-deposit opportunities and are well positioned to build the next generation of coal mines in British Columbia,” WCCC chairman John Byrne said.

“WCCC is in a strong position to take advantage of the worldwide strength in the metallurgical market.”