Englewood, Colorado – June 2, 2015 – Westmoreland Resource Partners, LP (NYSE:WMLP, “WMLP”) has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) for a proposed underwritten public offering of common units representing limited partner interests in WMLP (the “Common Units”). The proposed maximum aggregate offering size for the offering is $86,250,000, which includes the offering price of additional Common Units that the underwriters will have the option to purchase in connection with the offering. The registration statement may be accessed through the SEC’s website at www.sec.gov.
WMLP intends to use the net proceeds it receives from the offering to fund a portion of the purchase price for the previously announced contribution by Westmoreland Coal Company of all of the equity interests in Westmoreland Kemmerer, LLC to WMLP. The offering is expected to commence after the SEC completes the review process initiated by WMLP’s filing of its registration statement, subject to market and other conditions.
BMO Capital Markets is acting as book-running manager in connection with the offering. When available, a written prospectus, which meets the requirements of Section 10 of the Securities Act of 1933 (the “Securities Act”), may be obtained through:
BMO Prospectus Department
3 Times Square, 27th Floor
New York, NY 10036
This announcement is being made pursuant to and in accordance with Rule 134 under the Securities Act. A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Cautionary Note Regarding Forward-Looking Statements
This release may contain “forward-looking statements.” Forward-looking statements can be identified by words such as “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects” and similar references to future periods. These statements involve known and unknown risks, which may cause our actual results to differ materially from results expressed or implied by the forward looking statements. These risks include factors such as the uncertainty of negotiations to result in an agreement or a completed transaction, the uncertain nature of the expected benefits from the actual or expected acquisition, the uncertain nature of the announced acquisition, the ability to complete such transactions, risks associated with the our industry or the economy generally, and other such matters discussed in the “Risk Factors” section of WMLP’s 2014 Annual Report on Form 10-K and subsequent quarterly reports filed on Form 10-Q. Although WMLP may from time to time voluntarily update its prior forward looking statements, it disclaims any commitment to do so except as required by securities laws.
# # #
Investor Contact: Kevin Paprzycki (855) 922-6463