Ann: Annual Report to shareholders , page-2

all main players have not sold shares, some have added since May 23rd 2012.

rail:

"Coalspur and CN
are currently working towards a definitive transportation agreement which is targeted
for completion in 2012."

Funding partner:

"Coalspur is seeking strategic investment partners as part of the financing strategy
to fund Phase 1 of Vista. Discussions with potential partners are well advanced and
Coalspur expects to finalise them by the end of 2012."

as of Sept 7th Annual Report 2012