Westmoreland Coal Company announced that its Chapter 11 plan (“the Plan”) became effective March 15, 2019 and that it has emerged from Chapter 11 as a privately held company owned and operated by a group of its former creditors. The United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Court”) approved the Plan on March 2, 2019. Following the planned retirement of Michael Hutchinson from the company at the conclusion of the restructuring process, Martin Purvis will take on the role of Chief Executive Officer for the emerging enterprise and David Stetson will serve as Chairman for Westmoreland Mining.

Both David and Martin have considerable experience in the resource industry and have been involved in major restructuring and corporate development of coal operations and assets over their careers. Pursuant to the Chapter 11 plan and the Confirmation Order, the existing Board of Directors of the company and any remaining officers of the company were terminated as of the Plan Effective Date and Mr. Jeffrey S. Stein was appointed as the sole officer and director of the company.