RE: RE: under valueChina Coal closes $209,799 private placement2011-12-14 17:38 ET - News ReleaseMr. Mark Roth reportsCHINA COAL CORPORATION ANNOUNCES THE COMPLETION AND FILING OF NON-BROKERED PRIVATE PLACEMENT FINANCINGChina Coal Corp., subject to TSX Venture Exchange final approval, has closed a non-brokered private placement, in total consisting of the sale of 4,195,996 units at a price of five cents per unit, each unit to consist of one China Coal common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one additional China Coal common share at a price of 30 cents for a period of two years from closing. The gross proceeds of the financing are $209,799.80.The share purchase warrants to be issued as part of the units are subject to an acceleration expiry that if at any time after the date that is four months after the closing, the closing price of the company's shares is 50 cents or greater for a period of 20 consecutive trading days, the company may, in its sole discretion, provide written notice of acceleration of the expiry date of all, but not less than all, of the share purchase warrants to the warrantholders and issue a news release on the date of such notice, publicly announcing such acceleration in the expiry date of these warrants, in which event these warrants would expire 30 calendar days after the giving of such notice.China Coal will pay a finder's fee of 10 per cent in cash and up to 8 per cent in finder warrants to eligible parties under this private placement. The securities to be issued under the private placement will be subject to a four-month hold period from the date of closing in accordance with applicable securities legislation. A cash commission of 10 per cent in the amount of $4,000 and 8 per cent in finder warrants to acquire 64,000 common shares will be issued to Union Securities Ltd. in connection with the private placement.We seek Safe Harbor.