Scheme Booklet

IMPORTANT NOTICE TO SHAREHOLDERS

[Updated June 25, 2015]

On February 24, 2015 Coalspur announced that it entered into a definitive agreement (Scheme Implementation Agreement, “SIA”) for the proposed acquisition of Coalspur by KC Euroholdings S.à r.l. (“KCE”) by way of an Australian scheme of arrangement ("Scheme"). 

KCE proposed to acquire all of the outstanding shares of Coalspur and offered a cash payment of A$0.023 per Coalspur share. The total equity value of the transaction is approximately A$15 million on a fully-diluted basis. Coalspur's shareholders approved the Scheme at the Scheme meeting held on April 22, 2015.

On June 10, 2015, all conditions precedent to the Scheme were either met or waived by KCE and the Federal Court of Australia approved the Scheme.

The Court's orders were lodged with the Australian Securities and Investments Commission on June 11, 2015 at which time the Scheme became legally effective. Coalspur shares werre suspended from trading on the Australian Securities Exchange and the Toronto Stock Exchange at the close of business on June 11, 2015.

Coalspur shareholders who held shares on June 18, 2015 are entitled to received the Scheme consideration of A$0.023 per share, or the equivalent in Canadian dollars for Canadian registered holders, which will be paid within five business days of June 25th, 2015, the implementation date of the Scheme. 

Any changes to the above timetable will be announced publicly. 

For more information regarding the details of the Scheme, please consult the Scheme booklet, which was mailed to shareholders on March 23, 2015 and is available on our website, the ASX website and SEDAR. 

If you have any questions or require any information please contact Ryan Walchuck at +1 604 220 8595+1 604 220 8595 or rwalchuck@coalspur.com.

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