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Coalspur Mines' Largest Shareholder Lifts Its Stake

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Coalspur Mines Limited (CPT.TO) announced that its largest shareholder, the Highland Park Group has elected to exercise its option to purchase an additional 12,724,669 ordinary shares in the company at an exercise price of A$0.70 per share through its affiliate Borrowdale Park S.A. The exercise of the options followed the announcement of the commitment from EIG Global Energy Partners to provide Coalspur with a US$300 million senior debt facility on December 20, 2012.

The exercise of the options means Highland Park now owns a total of 153,840,202 ordinary shares in the company, which represents approximately 24.3% of the ordinary shares currently outstanding.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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