Fording securityholders to vote on acquisition by Teck Cominco on Sept. 30

New York, Sept. 9 - Fording Canadian Coal Trust said its securityholders will vote on the proposed acquisition of its assets to Teck Cominco Ltd. at a special meeting in Calgary, Alta., on Sept. 30 at 11 a.m. ET.

If holders vote in favor and conditions are satisfied or waived by Sept. 30, the acquisition is expected to close on Oct. 30.

Fording has mailed a notice and information circular to securityholders, which include owners of its units, exchange options and phantom units.

As announced on July 29, Fording agreed to sell all of its assets to Teck and to distribute the proceeds to Fording unitholders through a plan of arrangement valued at C$14.1 billion.

Fording, located in Calgary, Alta., is an open-ended mutual fund trust and one of the largest royalty trusts in Canada.

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