01/03/2011

Announcement Details

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

Summary

In response to recent press speculation regarding White Energy’s acquisition of Cascade Coal Pty Ltd (Cascade Coal), the company has received the attached letter from Cascade Coal.

The content of the letter is consistent with the due diligence process conducted by the Independent Board of Directors (IBC) of White Energy, before entering into definitive transaction agreements to acquire Cascade Coal.