Walter Energy, Inc. (OTCMKTS:WLTGQ) To Be Delisted From The NYSE

Walter Energy, Inc. (OTCMKTS:WLTGQ) received notice from the New York Stock Exchange that the staff of NYSE Regulation, Inc. had determined to commence proceedings to delist the common stock of the Company from the NYSE based on a finding that the trading price of the Company’s common stock was “abnormally low.” Trading of the Company’s common stock on the NYSE was suspended prior to the opening of trading on July 8, 2015.

On July 30, 2015, the NYSE filed a Form 25 with the U.S. Securities and Exchange Commission, notifying the SEC of the NYSE’s intention to remove the Company’s common stock from listing and registration on the NYSE at the opening of business on August 10, 2015, pursuant to the provisions of Rule 12d2-2(b) of the Securities Exchange Act of 1934.

The Company’s common stock is currently trading on the OTC Pink market under the ticker symbol “WLTGQ.”

Walter Energy, Inc. is a producer and exporter of metallurgical coal for the global steel industry from underground and surface mines with mineral reserves located in the United States (U.S.), Canada and the United Kingdom (U.K.). The Company also extracts, process, markets and possesses mineral reserves of thermal coal and anthracite coal.

The Company operates in three business segments, including the United States Operations, Canadian and the United Kingdom Operations, and Other. The United States Operations segment includes the operations of its underground mines, surface mines, coke plant and natural gas operations located in Alabama and its underground and surface mining operations located in West Virginia. The Canadian and United Kingdom Operations segment includes surface mines in Northeast British Columbia (Canada) and an underground development mine in South Wales (U.K.). The Other segment includes unallocated corporate expenses.

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