Business NewsMarketWire • Mercury Capital to Acquire Canada Coal

Mercury Capital to Acquire Canada Coal

Mercury Capital to Acquire Canada Coal

TORONTO, ONTARIO--(Marketwire - July 7, 2011) - Mercury Capital Limited (TSX VENTURE:MLC.P) ("Mercury Capital") is pleased to announce the execution of an agreement (the "Agreement"), on June 30, 2011, with Canada Coal Inc. ("Canada Coal") in respect to a proposed business combination to be effected by way of amalgamation (the "Amalgamation") of the parties. It is anticipated that the issuer resulting from the Amalgamation (the "Resulting Issuer") will be known as "Canada Coal Inc." or such other similar name, subject to TSX Venture Exchange approval (the "Exchange").

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