BIGGEST FIND EVER LBTG INSTITUTIONAL OWNER @$0.04
Post# of 98042
Posted On: 03/13/2014 8:54:44 AM
BIGGEST FIND EVER LBTG INSTITUTIONAL OWNER @$0.04 & $0.07 PPS By 2016....WE GET TO BUY @ 3000% DISCOUNT
LBTG HUGE FIND LAST Q On August 17, 2012, the Company completed a financing whereby it issued 237,732,600@$0.04/SHARE units for a escrowed equity line in the amount of $9,196,500. In conjunction with this transaction the company also issued common share purchase warrant to purchase 250,095,420 common shares at an exercise price of $0.07 expiring on August 16, 2018.
Liberty Coal Energy Corp. Announces Completion of Financing
Liberty Coal Energy (OTCQB: LBTG) (the "Company," or "Liberty Coal") is pleased to announce that it has closed an equity placement of $9,196,500.00 (Nine million, One Hundred Ninety Six Thousand, Five Hundred dollars) with 10 institutional accredited investors, through its equity advisor Catwalk Capital, LLC. Ed Morrow, CEO of Liberty Coal Energy had this to say, "This funding provides Liberty Coal the financial capability to complete its plan on the Owsley County, Kentucky coal property and to make additional acquisitions to grow its business plan. We are grateful to Catwalk Capital for their diligence and aid in the acquisition of this capital facility."
The Owsley property comprises approx. 1000 acres of fee surface and coal rights, and has a mine plan in place and a phase 1 permit technically approved by the Kentucky Department of Natural Resources. The permit may be activated by posting the required reclamation bonds and liability insurance. The coal quality is excellent thermal coal, used primarily for generation of electricity.
The recoverable thermal coal resource on the Owsley project is in excess of 5.7 million tons. 3.5 million tons are recoverable with surface and highwall mining, and an additional 2.2 million tons are recoverable by underground deep mining. Owsley resources have a sales value in excess of $300 million over 10 years of planned production.
LBTG HUGE FIND LAST Q On August 17, 2012, the Company completed a financing whereby it issued 237,732,600@$0.04/SHARE units for a escrowed equity line in the amount of $9,196,500. In conjunction with this transaction the company also issued common share purchase warrant to purchase 250,095,420 common shares at an exercise price of $0.07 expiring on August 16, 2018.
Liberty Coal Energy Corp. Announces Completion of Financing
Liberty Coal Energy (OTCQB: LBTG) (the "Company," or "Liberty Coal") is pleased to announce that it has closed an equity placement of $9,196,500.00 (Nine million, One Hundred Ninety Six Thousand, Five Hundred dollars) with 10 institutional accredited investors, through its equity advisor Catwalk Capital, LLC. Ed Morrow, CEO of Liberty Coal Energy had this to say, "This funding provides Liberty Coal the financial capability to complete its plan on the Owsley County, Kentucky coal property and to make additional acquisitions to grow its business plan. We are grateful to Catwalk Capital for their diligence and aid in the acquisition of this capital facility."
The Owsley property comprises approx. 1000 acres of fee surface and coal rights, and has a mine plan in place and a phase 1 permit technically approved by the Kentucky Department of Natural Resources. The permit may be activated by posting the required reclamation bonds and liability insurance. The coal quality is excellent thermal coal, used primarily for generation of electricity.
The recoverable thermal coal resource on the Owsley project is in excess of 5.7 million tons. 3.5 million tons are recoverable with surface and highwall mining, and an additional 2.2 million tons are recoverable by underground deep mining. Owsley resources have a sales value in excess of $300 million over 10 years of planned production.
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