SCOTT DEPOT, W.Va., Dec. 18 /PRNewswire-FirstCall/ -- International Coal Group, Inc. (NYSE: ICO) today announced that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC).

Upon being declared effective by the SEC, the shelf registration statement will allow ICG to raise up to an aggregate of $600 million through the sale of equity or debt, through one or more offerings, from time to time in the future. Pursuant to the shelf registration statement filed with the SEC, the net proceeds from the sale of any securities to be registered thereunder will be used for general corporate purposes which may include funding working capital, capital expenditures, acquisitions, refinancing indebtedness or other capital transactions.

"The shelf registration offers an effective means of accessing additional capital under favorable market conditions," said ICG President and Chief Executive Officer Ben Hatfield. "It also provides ICG with increased flexibility to take advantage of selective growth opportunities."

The shelf registration statement has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the shelf registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of these securities will be made solely by means of a prospectus and an accompanying prospectus supplement relating to that offering.

This press release contains "forward-looking statements" within the meaning of federal securities law. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond ICG's control. Such risks and uncertainties include, but are not limited to, ICG's ability to obtain effectiveness of the shelf registration statement.

International Coal Group is a leading producer of coal in Northern and Central Appalachia and the Illinois Basin. The Company has 13 active mining complexes, of which 12 are located in Northern and Central Appalachia, and one in Central Illinois. ICG's mining operations and reserves are strategically located to serve utility, metallurgical and industrial customers domestically and internationally.

SOURCE International Coal Group, Inc.

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