Westmoreland Coal Company filed a motion in the US Bankruptcy Court for the sale of its certain assets on December 21, 2018. The debtor seeks the Court's approval for the certain assets to CCU Coal and Construction, LLC, for a purchase price of $1 million in cash pursuant to the asset purchase agreement. The debtor's assets include Buckingham Mine owned by subsidiary Buckingham Coal Company, LLC.

The closing of the Sale of the Buckingham Mine would take place on or prior to January 21, 2019. Kim Hicks, Dilen Kumar, Gregory Pesce and Stephen E. Hessler, P.C. of Kirkland & Ellis LLP acted as legal advisors for debtor and Donald W. Hughes and Elliot M. Smith of Squire Patton Boggs (US) LLP acted as legal advisors for purchaser.