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MicroCoal® Repays Loan
Filing Services Canada XHTML - Mon Jan 26, 1:11PM CST
MicroCoal(R) Repays Loan
Filing Services Canada - Mon Jan 26, 1:11PM CST
MicroCoal(R) Repays Loan Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) announced today that it has repaid in full its outstanding loans from its Chairman in the aggregate principal amount of US$1,125,000 plus accrued interest. About MicroCoal" Technologies Inc. MicroCoal is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. On behalf of the Board of Directors, "Dr. James Young" Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the generation of revenue from our technology, our perceptions of the industry and markets in which we operate and anticipated trends in such markets. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which MicroCoal operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, MicroCoal does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...262015.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MicroCoal® Closes Joint Venture Agreement for China
Filing Services Canada XHTML - Thu Jan 22, 3:53PM CST
MicroCoal(R) Closes Joint Venture Agreement for China
Filing Services Canada - Thu Jan 22, 3:53PM CST
MicroCoal(R) Closes Joint Venture Agreement for China Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the "Company"
announced today that it has closed its previously announced joint venture agreement (Agreement) with an affiliate (the "JV Partner" of Jiu Feng Investments Inc. (JFI). Lawrence Siegel, MicroCoals CEO commented: We are delighted to formally begin working with our JV Partner to establish an office in China through which to market our technology. The joint venture has already begun operating a significant research and development facility in China which we expect will not only provide valuable data to enhance our Generation 2.0 series of reactors under construction in Virginia, but also as a demonstration facility for potential customers in China and elsewhere in the region. Pursuant to the terms of the Agreement, MicroCoal and the JV Partner have formed a corporation domiciled in Hong Kong (JVCO) in which MicroCoal holds a 51% equity interest and majority position on its Board of Directors. JVCO is expected to carry on its activities throughout China, Hong Kong, Taiwan, Macau and South Korea. In accordance with the terms of the Agreement, as consideration for the substantial asset and financial contributions from JFI in connection with, and in contemplation of, the joint venture, MicroCoal has issued 6 million common shares to the JV Partner, and has agreed to issue a further 4 million common shares to the JV Partner no later than 120 days following closing, assuming the JV Partner performs as required under the Agreement. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, our plans to operate a test facility in China and promote our technology in Asia, the generation of revenue from our technology, our perceptions of the industry and markets in which we operate and anticipated trends in such markets, the issuance of up to 10 million common shares to the JV Partner, the completion of MicroCoals Generation 2.0 series of reactors in Virginia in 2015, and the entry into of additional agreements for MicroCoal facilities, if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that the JV Partner will perform as expected under the Agreement, the China research and development facility will perform as intended, that negotiations will proceed with utility companies in China, and that MicroCoals Generation 2.0 series of reactors will be completed in 2015. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the joint venture may not be completed. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...222015.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MicroCoal® Closes Previously Announced Investment Agreement for $12 million
Filing Services Canada XHTML - Wed Jan 21, 7:34AM CST
MicroCoal® signs Investment Agreement for $12 million; Enters into Joint Venture Agreement for India
Filing Services Canada XHTML - Fri Jan 16, 7:32AM CST
MicroCoal(R) signs Investment Agreement for $12 million; Enters into Joint Venture Agreement for India
Filing Services Canada - Fri Jan 16, 7:32AM CST
MicroCoal(R) signs Investment Agreement for $12 million; Enters into Joint Venture Agreement for India Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) ("MicroCoal" or the "Company" is pleased to announce that it has signed a definitive investment agreement (the "Investment Agreement" with an affiliate ("SOHL" of Cadila Pharmaceuticals Limited ("Cadila" , and has entered into a joint venture agreement (the "JV Agreement" with Cadila for the Republic of India. Pursuant to the Investment Agreement, SOHL has agreed to invest an aggregate of approximately $11.857 million in MicroCoal (the "Investment" by subscribing for 79,046,666 common shares ("Shares" of the Company at a price of $0.15 per Share. The Investment Agreement also provides that SOHL will be given certain anti-dilution and participation rights to subscribe for certain future Share issuances by the Company for so long as it holds at least 5% of the outstanding Shares providing SOHL the option to maintain is pro rata percentage ownership in the Company. SOHL will also have the right to appoint a director to the board of the Company, which right will continue for so long as SOHL maintains ownership of 5% or more of the Shares. Lawrence Siegel, MicroCoals CEO commented: "We are very pleased to welcome Cadila as a major shareholder and joint venture partner of the Company and look forward to working with them as we continue to further develop and commercialize our technology. This significant investment strongly affirms the Companys strategic direction, and this investment will support the Companys goal to complete MicroCoals Generation 2.0 series of reactors in Virginia in the second quarter of 2015." Dr. James Young, MicroCoals Chairman further stated: "We appreciate the significant efforts that have gone into reaching these agreements with Cadila. The decision by Cadila to invest in our Company and form a joint venture further validates the science underlying our technology. Their involvement supports the major steps taken by management during 2014 and positions the Company strongly to start 2015 as we look to move forward with demonstrating the commercial viability of our technology." Dr. Young continued: We also look forward to welcoming Dr. Rajiv Modi to the board at the next annual meeting of shareholders. Dr. Modi has a wealth of experience as a public company director and conducting business in India, and we believe his knowledge and insight will be an invaluable addition to the board. MicroCoal intends to use the proceeds from the Investment primarily towards completion of its Generation 2.0 series of reactors in Virginia, to establish the joint venture in India, and for general corporate purposes and working capital. All Shares issued under the Investment will be subject to a four-month hold period from the closing date, in accordance with the rules and policies of the CSE and applicable Canadian securities laws and such other restrictions as may apply under foreign securities laws. In accordance with the terms of the Companys shareholder rights plan, the board has suspended the application thereof with respect to the Investment. Under the terms of the JV Agreement, MicroCoal and Cadila have agreed to form a corporation domiciled in India ("JVCO" in which MicroCoal and Cadila will each hold a 50% interest. JVCO is expected to carry on its activities throughout India, and its key functions are planned to include: establishing and operating a testing/demonstration facility for the purpose of demonstrating the cost effectiveness of MicroCoals technology to companies in the coal mining or coal-based electricity generation industries in India; marketing and promoting MicroCoals technology throughout India; and developing one or more commercial-scale facilities in India based upon or incorporating MicroCoals technology. Pursuant the JV Agreement, the parties have agreed to enter into an intellectual property license agreement (the License Agreement) whereby MicroCoal will contribute its technology to JVCO by granting JVCO a fully paid up license to, among other things, research and develop and commercialize MicroCoals intellectual property in India. The License Agreement will permit JVCO to establish a testing/demonstration facility in India, utilize the MicroCoal trademark to market the technology in India and develop or sell commercial facilities. Closing of the Investment and the JV Agreement is subject to customary closing conditions, including receipt of any required regulatory approvals. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, "Dr. James Young" Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, closing of the Investment, the completion and formation of the joint venture, the execution and delivery of the technology license agreement, our plans to operate a facility in India and promoting our technology in India, entering into one or more MOUs, the generation of revenue from our technology, our perceptions of the industry and markets in which we operate and anticipated trends in such markets, the completion of MicroCoals Generation 2.0 series of reactors in Virginia in the second quarter of 2015, and the entry into of additional agreements for MicroCoal facilities, if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the Investment and joint venture and related documentation as expected, including the receipt of any required regulatory approvals, that Cadila will perform as expected under the Agreement, the facility in India will perform as intended, that negotiations will proceed with coal mining or coal-based electricity generation companies in India, and that MicroCoals Generation 2.0 series of reactors will be completed in the second quarter of 2015. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the joint venture may not be completed. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...162015.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MicroCoal® Technologies Announces Appointment of New CFO and Award of Options
Filing Services Canada XHTML - Mon Dec 08, 3:41PM CST
MicroCoal(R) Technologies Announces Appointment of New CFO and Award of Options
Filing Services Canada - Mon Dec 08, 3:41PM CST
MicroCoal(R) Technologies Announces Appointment of New CFO and Award of Options Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that Ping Shen has resigned from her position as MicroCoals Chief Financial Officer. The Company is pleased to announce that Tom Stefan, CPA, CMA has been appointed as the Companys acting Chief Financial Officer. Mr. Stefan is a seasoned executive with 29 years experience inboth U.S. and Canadian based corporate finance and financial management. He was most recently CFO and VP finance and corporate services at Taiga Building Products, where he was responsible for executing a strategic realignment and re-financing program. His career includes working in Forest Products, Mining, Public Accounting and Real Estate. He has held positions at NorskeCanada (TSX), Bema Gold Corporation (TSX), Teck Corporation (NYSE, TSX), and KPMG. Lawrence Siegel, MicroCoals CEO stated: Tom brings decades of experience dealing with high-level and complex financial management and accounting. As MicroCoal continues to develop its technology and business across the globe, Toms international experience and expertise will be a tremendous asset. Option Award Ms. Shen will provide certain services as a consultant to the Company to help facilitate the transition. In connection with her engagement as a consultant, the Company has awarded Ms. Shen stock options to purchase an aggregate of 313,333 common shares of the Company at an exercise price of $0.15 per share, pursuant to the Companys stock option plan. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects and that the demonstration plant in King William County, Virginia will be completed. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia or the demonstration plant in King William County, Virginia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...082014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Announces Amendments to Terms of Warrants
Filing Services Canada XHTML - Fri Dec 05, 7:36PM CST
MicroCoal(R) Technologies Announces Amendments to Terms of Warrants
Filing Services Canada - Fri Dec 05, 7:36PM CST
MicroCoal(R) Technologies Announces Amendments to Terms of Warrants Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that the Company will amend the terms of certain of its outstanding warrants (the Warrants) as follows: the expiry date for 7,887,500 warrants issued December 28, 2012 with an exercise price of $0.26 will be extended from December 28, 2014 to December 28, 2015. None of the Warrants have been exercised in the past six months, and the above amendments to the Warrants are conditional upon the CSE not objecting to such amendments. The above amendments to the Warrants will be effective December 8, 2014, pursuant to the policies of the CSE. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects and that the demonstration plant in King William County, Virginia will be completed. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia or the demonstration plant in King William County, Virginia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. MicroCoal" Technologies Inc. (604) 676 9792 office@microcoal.com To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...052014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Announces Closing of Further Tranche of Previously Announced Private Placement; Opening of New Vancouver Corporate Office
Filing Services Canada XHTML - Wed Nov 26, 12:22PM CST
MicroCoal(R) Technologies Announces Closing of Further Tranche of Previously Announced Private Placement; Opening of New Vancouver Corporate Office
Filing Services Canada - Wed Nov 26, 12:22PM CST
MicroCoal(R) Technologies Announces Closing of Further Tranche of Previously Announced Private Placement; Opening of New Vancouver Corporate Office This press release is not to be distributed to U.S. newswire services or to be disseminated in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) is pleased to announce that it has closed a further tranche of its previously announced non-brokered private placement (the Private Placement) in an amount equivalent to US$202,348. In conjunction with the closing of this tranche, the Company will issue an aggregate of 1,011,741 units (each, a Unit) of the Company at a subscription price equivalent to US$0.20 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant (the Warrants). Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of US$0.30 for up to 24 months following the date of issuance, subject to the terms thereof. In connection with this tranche, the Company paid a cash commission equal to 10% on a portion of the gross proceeds raised from the sale of the Units to an arm's length party in the aggregate amount of $11,300 and granted 50,000 finder's warrants to purchase Units. The Company intends to use the net proceeds from the Private Placement to advance construction on the Company's first commercial facility in Indonesia for upgrading low rank coals and for general corporate purposes and working capital. All Units, common shares and Warrants issued under the Private Placement will be subject to a four-month hold period from the closing date, in accordance with the rules and policies of the CSE and applicable Canadian securities laws and such other restrictions as may apply under foreign securities laws. The Company intends to continue to raise funds under the Private Placement on the same terms and conditions announced in its March 3, 2014 news release, subject to regulatory approval and the policies of the CSE. The Units, common shares and Warrants have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Units, common shares or Warrants, in any jurisdiction in which such offer, solicitation or sale would be unlawful. Opening of New Vancouver Corporate Office The Company is is pleased to announce that it has opened a new Vancouver, British Columbia corporate office. The Companys new office is located at Suite 2000, 1066 West Hasting Street, Vancouver, British Columbia V6E 3X2. The Companys general corporate phone number will continue to be (778) 995-5833, and investors and other independent parties can continue to contact the Company by email at office@mticoal.com. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets, the entry into of additional agreements for MicroCoal facilities, and the approval and closing of the Private Placement, if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects, that MicroCoal will receive all necessary approvals for the Private Placement and that it will be able to close the Private Placement. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...262014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Announces Settlement With Former Consultants
Filing Services Canada XHTML - Wed Nov 19, 12:48PM CST
MicroCoal® Technologies Provides Corporate Reorganization Update
Filing Services Canada XHTML - Tue Nov 18, 2:01PM CST
MicroCoal(R) Technologies Provides Corporate Reorganization Update
Filing Services Canada - Tue Nov 18, 2:01PM CST
MicroCoal(R) Technologies Provides Corporate Reorganization Update Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CNSX: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that the Company has withdrawn from voluntary bankruptcy reorganization its wholly owned United States subsidiary (MicroCoal Inc.). In a prior news release, the Company announced its intention to restructure the subsidiary through bankruptcy protection. Chief Executive Officer Lawrence Siegel noted: The suspension of these bankruptcy proceedings means that the Company can turn its focus to the construction of its commercial-scale demonstration plant in King William County, Virginia. Remarked James Young, Chairman of the Board of Directors: Although the Company was prepared to wind-up MicroCoal Inc. through bankruptcy proceedings, I am pleased that the Company was able to achieve its corporate re-organization objectives in such a way that this bankruptcy could be avoided. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com (mailto:office@mticoal.com) FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects and that the demonstration plant in King William County, Virginia will be completed. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia or the demonstration plant in King William County, Virginia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...182014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® enters into Joint Venture Agreement for China
Filing Services Canada XHTML - Wed Oct 22, 11:30AM CDT
MicroCoal® Technologies to Receive Loan
Filing Services Canada XHTML - Mon Oct 20, 1:52PM CDT
MicroCoal(R) Technologies to Receive Loan
Filing Services Canada - Mon Oct 20, 1:52PM CDT
MicroCoal(R) Technologies to Receive Loan Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CNSX: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that its Chairman has agreed to grant a loan (the Loan) to the Company in the principal amount of US$1,000,000. The Loan accrues interest at a rate of 4% per annum, payable quarterly, and has a term of one year. The Company can repay the Loan at any time prior to its maturity for principal plus accrued interest to the day of repayment without prepayment penalty. The Loan is convertible into common shares of the Company at a conversion price of US$0.15 per share at the option of the Chairman. Dr. Jim Young, MicroCoals Chairman, commented: I believe the MicroCoal process can potentially change the fundamentals of the entire coal industry. As Chairman, I am committed to implementing and commercializing the Companys technology. This loan and my prior loans and share purchases indicate my resolve in seeing that MicroCoal succeeds in reaching its full potential. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...202014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Receives Loan
Filing Services Canada XHTML - Mon Sep 29, 2:35PM CDT
MicroCoal® Repays Loan
Filing Services Canada XHTML - Mon Jan 26, 1:11PM CST
MicroCoal(R) Repays Loan
Filing Services Canada - Mon Jan 26, 1:11PM CST
MicroCoal(R) Repays Loan Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) announced today that it has repaid in full its outstanding loans from its Chairman in the aggregate principal amount of US$1,125,000 plus accrued interest. About MicroCoal" Technologies Inc. MicroCoal is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. On behalf of the Board of Directors, "Dr. James Young" Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the generation of revenue from our technology, our perceptions of the industry and markets in which we operate and anticipated trends in such markets. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which MicroCoal operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are cautioned that all forward-looking statements involve risks and. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, MicroCoal does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...262015.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
MicroCoal® Closes Joint Venture Agreement for China
Filing Services Canada XHTML - Thu Jan 22, 3:53PM CST
MicroCoal(R) Closes Joint Venture Agreement for China
Filing Services Canada - Thu Jan 22, 3:53PM CST
MicroCoal(R) Closes Joint Venture Agreement for China Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the "Company"
announced today that it has closed its previously announced joint venture agreement (Agreement) with an affiliate (the "JV Partner" of Jiu Feng Investments Inc. (JFI). Lawrence Siegel, MicroCoals CEO commented: We are delighted to formally begin working with our JV Partner to establish an office in China through which to market our technology. The joint venture has already begun operating a significant research and development facility in China which we expect will not only provide valuable data to enhance our Generation 2.0 series of reactors under construction in Virginia, but also as a demonstration facility for potential customers in China and elsewhere in the region. Pursuant to the terms of the Agreement, MicroCoal and the JV Partner have formed a corporation domiciled in Hong Kong (JVCO) in which MicroCoal holds a 51% equity interest and majority position on its Board of Directors. JVCO is expected to carry on its activities throughout China, Hong Kong, Taiwan, Macau and South Korea. In accordance with the terms of the Agreement, as consideration for the substantial asset and financial contributions from JFI in connection with, and in contemplation of, the joint venture, MicroCoal has issued 6 million common shares to the JV Partner, and has agreed to issue a further 4 million common shares to the JV Partner no later than 120 days following closing, assuming the JV Partner performs as required under the Agreement. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, our plans to operate a test facility in China and promote our technology in Asia, the generation of revenue from our technology, our perceptions of the industry and markets in which we operate and anticipated trends in such markets, the issuance of up to 10 million common shares to the JV Partner, the completion of MicroCoals Generation 2.0 series of reactors in Virginia in 2015, and the entry into of additional agreements for MicroCoal facilities, if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that the JV Partner will perform as expected under the Agreement, the China research and development facility will perform as intended, that negotiations will proceed with utility companies in China, and that MicroCoals Generation 2.0 series of reactors will be completed in 2015. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the joint venture may not be completed. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...222015.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. MicroCoal® Closes Previously Announced Investment Agreement for $12 million
Filing Services Canada XHTML - Wed Jan 21, 7:34AM CST
MicroCoal® signs Investment Agreement for $12 million; Enters into Joint Venture Agreement for India
Filing Services Canada XHTML - Fri Jan 16, 7:32AM CST
MicroCoal(R) signs Investment Agreement for $12 million; Enters into Joint Venture Agreement for India
Filing Services Canada - Fri Jan 16, 7:32AM CST
MicroCoal(R) signs Investment Agreement for $12 million; Enters into Joint Venture Agreement for India Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) ("MicroCoal" or the "Company"
is pleased to announce that it has signed a definitive investment agreement (the "Investment Agreement" with an affiliate ("SOHL" of Cadila Pharmaceuticals Limited ("Cadila" , and has entered into a joint venture agreement (the "JV Agreement" with Cadila for the Republic of India. Pursuant to the Investment Agreement, SOHL has agreed to invest an aggregate of approximately $11.857 million in MicroCoal (the "Investment" by subscribing for 79,046,666 common shares ("Shares" of the Company at a price of $0.15 per Share. The Investment Agreement also provides that SOHL will be given certain anti-dilution and participation rights to subscribe for certain future Share issuances by the Company for so long as it holds at least 5% of the outstanding Shares providing SOHL the option to maintain is pro rata percentage ownership in the Company. SOHL will also have the right to appoint a director to the board of the Company, which right will continue for so long as SOHL maintains ownership of 5% or more of the Shares. Lawrence Siegel, MicroCoals CEO commented: "We are very pleased to welcome Cadila as a major shareholder and joint venture partner of the Company and look forward to working with them as we continue to further develop and commercialize our technology. This significant investment strongly affirms the Companys strategic direction, and this investment will support the Companys goal to complete MicroCoals Generation 2.0 series of reactors in Virginia in the second quarter of 2015." Dr. James Young, MicroCoals Chairman further stated: "We appreciate the significant efforts that have gone into reaching these agreements with Cadila. The decision by Cadila to invest in our Company and form a joint venture further validates the science underlying our technology. Their involvement supports the major steps taken by management during 2014 and positions the Company strongly to start 2015 as we look to move forward with demonstrating the commercial viability of our technology." Dr. Young continued: We also look forward to welcoming Dr. Rajiv Modi to the board at the next annual meeting of shareholders. Dr. Modi has a wealth of experience as a public company director and conducting business in India, and we believe his knowledge and insight will be an invaluable addition to the board. MicroCoal intends to use the proceeds from the Investment primarily towards completion of its Generation 2.0 series of reactors in Virginia, to establish the joint venture in India, and for general corporate purposes and working capital. All Shares issued under the Investment will be subject to a four-month hold period from the closing date, in accordance with the rules and policies of the CSE and applicable Canadian securities laws and such other restrictions as may apply under foreign securities laws. In accordance with the terms of the Companys shareholder rights plan, the board has suspended the application thereof with respect to the Investment. Under the terms of the JV Agreement, MicroCoal and Cadila have agreed to form a corporation domiciled in India ("JVCO" in which MicroCoal and Cadila will each hold a 50% interest. JVCO is expected to carry on its activities throughout India, and its key functions are planned to include: establishing and operating a testing/demonstration facility for the purpose of demonstrating the cost effectiveness of MicroCoals technology to companies in the coal mining or coal-based electricity generation industries in India; marketing and promoting MicroCoals technology throughout India; and developing one or more commercial-scale facilities in India based upon or incorporating MicroCoals technology. Pursuant the JV Agreement, the parties have agreed to enter into an intellectual property license agreement (the License Agreement) whereby MicroCoal will contribute its technology to JVCO by granting JVCO a fully paid up license to, among other things, research and develop and commercialize MicroCoals intellectual property in India. The License Agreement will permit JVCO to establish a testing/demonstration facility in India, utilize the MicroCoal trademark to market the technology in India and develop or sell commercial facilities. Closing of the Investment and the JV Agreement is subject to customary closing conditions, including receipt of any required regulatory approvals. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, "Dr. James Young" Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, closing of the Investment, the completion and formation of the joint venture, the execution and delivery of the technology license agreement, our plans to operate a facility in India and promoting our technology in India, entering into one or more MOUs, the generation of revenue from our technology, our perceptions of the industry and markets in which we operate and anticipated trends in such markets, the completion of MicroCoals Generation 2.0 series of reactors in Virginia in the second quarter of 2015, and the entry into of additional agreements for MicroCoal facilities, if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the Investment and joint venture and related documentation as expected, including the receipt of any required regulatory approvals, that Cadila will perform as expected under the Agreement, the facility in India will perform as intended, that negotiations will proceed with coal mining or coal-based electricity generation companies in India, and that MicroCoals Generation 2.0 series of reactors will be completed in the second quarter of 2015. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the joint venture may not be completed. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...162015.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc. MicroCoal® Technologies Announces Appointment of New CFO and Award of Options
Filing Services Canada XHTML - Mon Dec 08, 3:41PM CST
MicroCoal(R) Technologies Announces Appointment of New CFO and Award of Options
Filing Services Canada - Mon Dec 08, 3:41PM CST
MicroCoal(R) Technologies Announces Appointment of New CFO and Award of Options Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that Ping Shen has resigned from her position as MicroCoals Chief Financial Officer. The Company is pleased to announce that Tom Stefan, CPA, CMA has been appointed as the Companys acting Chief Financial Officer. Mr. Stefan is a seasoned executive with 29 years experience inboth U.S. and Canadian based corporate finance and financial management. He was most recently CFO and VP finance and corporate services at Taiga Building Products, where he was responsible for executing a strategic realignment and re-financing program. His career includes working in Forest Products, Mining, Public Accounting and Real Estate. He has held positions at NorskeCanada (TSX), Bema Gold Corporation (TSX), Teck Corporation (NYSE, TSX), and KPMG. Lawrence Siegel, MicroCoals CEO stated: Tom brings decades of experience dealing with high-level and complex financial management and accounting. As MicroCoal continues to develop its technology and business across the globe, Toms international experience and expertise will be a tremendous asset. Option Award Ms. Shen will provide certain services as a consultant to the Company to help facilitate the transition. In connection with her engagement as a consultant, the Company has awarded Ms. Shen stock options to purchase an aggregate of 313,333 common shares of the Company at an exercise price of $0.15 per share, pursuant to the Companys stock option plan. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects and that the demonstration plant in King William County, Virginia will be completed. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia or the demonstration plant in King William County, Virginia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...082014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Announces Amendments to Terms of Warrants
Filing Services Canada XHTML - Fri Dec 05, 7:36PM CST
MicroCoal(R) Technologies Announces Amendments to Terms of Warrants
Filing Services Canada - Fri Dec 05, 7:36PM CST
MicroCoal(R) Technologies Announces Amendments to Terms of Warrants Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that the Company will amend the terms of certain of its outstanding warrants (the Warrants) as follows: the expiry date for 7,887,500 warrants issued December 28, 2012 with an exercise price of $0.26 will be extended from December 28, 2014 to December 28, 2015. None of the Warrants have been exercised in the past six months, and the above amendments to the Warrants are conditional upon the CSE not objecting to such amendments. The above amendments to the Warrants will be effective December 8, 2014, pursuant to the policies of the CSE. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects and that the demonstration plant in King William County, Virginia will be completed. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia or the demonstration plant in King William County, Virginia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. MicroCoal" Technologies Inc. (604) 676 9792 office@microcoal.com To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...052014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Announces Closing of Further Tranche of Previously Announced Private Placement; Opening of New Vancouver Corporate Office
Filing Services Canada XHTML - Wed Nov 26, 12:22PM CST
MicroCoal(R) Technologies Announces Closing of Further Tranche of Previously Announced Private Placement; Opening of New Vancouver Corporate Office
Filing Services Canada - Wed Nov 26, 12:22PM CST
MicroCoal(R) Technologies Announces Closing of Further Tranche of Previously Announced Private Placement; Opening of New Vancouver Corporate Office This press release is not to be distributed to U.S. newswire services or to be disseminated in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws. Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CSE: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) is pleased to announce that it has closed a further tranche of its previously announced non-brokered private placement (the Private Placement) in an amount equivalent to US$202,348. In conjunction with the closing of this tranche, the Company will issue an aggregate of 1,011,741 units (each, a Unit) of the Company at a subscription price equivalent to US$0.20 per Unit. Each Unit is comprised of one common share of the Company and one common share purchase warrant (the Warrants). Each Warrant will entitle the holder thereof to acquire one common share at an exercise price of US$0.30 for up to 24 months following the date of issuance, subject to the terms thereof. In connection with this tranche, the Company paid a cash commission equal to 10% on a portion of the gross proceeds raised from the sale of the Units to an arm's length party in the aggregate amount of $11,300 and granted 50,000 finder's warrants to purchase Units. The Company intends to use the net proceeds from the Private Placement to advance construction on the Company's first commercial facility in Indonesia for upgrading low rank coals and for general corporate purposes and working capital. All Units, common shares and Warrants issued under the Private Placement will be subject to a four-month hold period from the closing date, in accordance with the rules and policies of the CSE and applicable Canadian securities laws and such other restrictions as may apply under foreign securities laws. The Company intends to continue to raise funds under the Private Placement on the same terms and conditions announced in its March 3, 2014 news release, subject to regulatory approval and the policies of the CSE. The Units, common shares and Warrants have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirement of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Units, common shares or Warrants, in any jurisdiction in which such offer, solicitation or sale would be unlawful. Opening of New Vancouver Corporate Office The Company is is pleased to announce that it has opened a new Vancouver, British Columbia corporate office. The Companys new office is located at Suite 2000, 1066 West Hasting Street, Vancouver, British Columbia V6E 3X2. The Companys general corporate phone number will continue to be (778) 995-5833, and investors and other independent parties can continue to contact the Company by email at office@mticoal.com. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets, the entry into of additional agreements for MicroCoal facilities, and the approval and closing of the Private Placement, if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects, that MicroCoal will receive all necessary approvals for the Private Placement and that it will be able to close the Private Placement. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...262014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Announces Settlement With Former Consultants
Filing Services Canada XHTML - Wed Nov 19, 12:48PM CST
MicroCoal® Technologies Provides Corporate Reorganization Update
Filing Services Canada XHTML - Tue Nov 18, 2:01PM CST
MicroCoal(R) Technologies Provides Corporate Reorganization Update
Filing Services Canada - Tue Nov 18, 2:01PM CST
MicroCoal(R) Technologies Provides Corporate Reorganization Update Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CNSX: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that the Company has withdrawn from voluntary bankruptcy reorganization its wholly owned United States subsidiary (MicroCoal Inc.). In a prior news release, the Company announced its intention to restructure the subsidiary through bankruptcy protection. Chief Executive Officer Lawrence Siegel noted: The suspension of these bankruptcy proceedings means that the Company can turn its focus to the construction of its commercial-scale demonstration plant in King William County, Virginia. Remarked James Young, Chairman of the Board of Directors: Although the Company was prepared to wind-up MicroCoal Inc. through bankruptcy proceedings, I am pleased that the Company was able to achieve its corporate re-organization objectives in such a way that this bankruptcy could be avoided. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com (mailto:office@mticoal.com) FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects and that the demonstration plant in King William County, Virginia will be completed. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia or the demonstration plant in King William County, Virginia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...182014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® enters into Joint Venture Agreement for China
Filing Services Canada XHTML - Wed Oct 22, 11:30AM CDT
MicroCoal® Technologies to Receive Loan
Filing Services Canada XHTML - Mon Oct 20, 1:52PM CDT
MicroCoal(R) Technologies to Receive Loan
Filing Services Canada - Mon Oct 20, 1:52PM CDT
MicroCoal(R) Technologies to Receive Loan Vancouver, British Columbia (FSCwire) - MicroCoal(R) Technologies Inc. (CNSX: MTI) (Frankfurt: OFS.F) (OTC: CFQSF) (MicroCoal or the Company) announced today that its Chairman has agreed to grant a loan (the Loan) to the Company in the principal amount of US$1,000,000. The Loan accrues interest at a rate of 4% per annum, payable quarterly, and has a term of one year. The Company can repay the Loan at any time prior to its maturity for principal plus accrued interest to the day of repayment without prepayment penalty. The Loan is convertible into common shares of the Company at a conversion price of US$0.15 per share at the option of the Chairman. Dr. Jim Young, MicroCoals Chairman, commented: I believe the MicroCoal process can potentially change the fundamentals of the entire coal industry. As Chairman, I am committed to implementing and commercializing the Companys technology. This loan and my prior loans and share purchases indicate my resolve in seeing that MicroCoal succeeds in reaching its full potential. About MicroCoal" Technologies Inc. The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal(R); a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal. This process provides significant financial benefits to coal-fired electrical generating utilities such as: large cost savings from switching to low-rank coal, substantial increases in boiler efficiencies and heat output, improved ash efficiencies and reductions in scrubber costs. Important environmental benefits such as reductions in greenhouse gases and mercury can also be derived from implementation of this technology. The Company is currently constructing the first commercial facility in Indonesia and discussions for other projects are underway. On behalf of the Board of Directors, Dr. James Young Chairman of the Board of Directors For further information, please contact: MicroCoal" Technologies Inc. Telephone: (778) 995 5833 office@mticoal.com FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements that reflect the current views and/or expectations of MicroCoal with respect to its performance, business and future events, including statements regarding cash flow, growth and future prospects of our business, the completion of the first full scale MicroCoal facility, our perceptions of the industry and markets in which we operate and anticipated trends in such markets ,and the entry into of additional agreements for MicroCoal facilities if any. The reader is cautioned that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other factors which are difficult to predict and that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Assumptions underlying the Company's expectations regarding forward looking statements contained in this news release include, among others: that MicroCoal will complete the first full scale facility in Indonesia as expected, that negotiations will proceed for other projects. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, that the first full scale facility in Indonesia may not be completed or operate as expected and that MicroCoal may not be able to negotiate agreements for additional projects on terms acceptable to MicroCoal. These risks, as well as others, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. Except as required by law, the Corporation does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events. Neither CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of the release. To view this press release as a PDF file, click onto the following link: http://www.fscwire.com/sites/default/files/ne...202014.pdf Source: MicroCoal Technologies Inc. (CSE:MTI, OTC Pink:CFQSF, FWB:OFS.F) http://www.microcoaltechnologies.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2014 Filing Services Canada Inc.
MicroCoal® Technologies Receives Loan
Filing Services Canada XHTML - Mon Sep 29, 2:35PM CDT
