Westmoreland Coal Company filed a notice for the selection of Successful Bidder in the US Bankruptcy Court for the sale of substantially all assets of the Kemmerer on February 19, 2019. As a result of the auction conducted on February 19, 2019, Western Coal Acquisitions Partners LLC, has been selected as the winning bidder for the sale of substantially all assets of the Kemmerer for a purchase price of $7.50 million in cash at closing, and assumption of the assumed liabilities, together with the excess net working capital payment. Under the terms of the asset purchase agreement, the buyer shall make deposit in the amount of $2.50 million upon the execution of the agreement.

The transaction is expected to close on April 15, 2019. The buyer is represented by Thomas M. Clarke as its legal advisor.