White Energy Takeover of South Australian Coal Successful

29 July 2010

Announcement Details
ASX URL: http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=wec#headlines

Summary

White Energy Company Limited (ASX:WEC; OTCQX: WECFY) (White Energy) is pleased to announce that it has received acceptances totaling over 97% in respect of the takeover offer by White Energy’s wholly owned subsidiary, White Energy Mining Pty Limited (the Bidder), for all of the ordinary shares in South Australian Coal Limited (SAC). The offer period for the takeover offer closed at 5.00pm yesterday.