Western Coal and Walter Energy Receive Investment Canada Act Approval

Western Coal Corp. (TSX:WTN,AIM:WTN) and Walter Energy Inc. (NYSE:WLT) announced the approval of Walter’s acquisition of Western.

The press release is quoted as saying:

Subject to the satisfaction or waiver of all conditions precedent, it is currently anticipated that the arrangement will be completed on or aboutApril 1, 2011.

To read the full press release, click here.