News: THC Thelon Capital enters LOI to buy private coal company

Gute News bei Thelon Capital Ltd. – Akquisition eines Kohleproduzenten steht kurz bevor:

Thelon Capital enters LOI to buy private coal company

Thelon Capital Ltd (C:THC)
Shares Issued 28,946,333
Last Close 2/23/2011 $0.46

Thursday February 24 2011 – News Release

Mr. Jason Walsh reports

THELON ENTERS LOI TO ACQUIRE PRIVATE PRODUCING COAL COMPANY

Thelon Capital Ltd. has entered into an option to purchase a 100-per-cent interest in a private Tennessee mining company (Privateco).

The company is a 30 year old privately held Mining Company currently producing 50,000 tons of Coal a month from 3 permitted mines, with a fourth permit in place and planned to start producing shortly. They currently are supplying local industrial and utility markets, with plans to take advantage of the growing USA export market. This acquisition gives Thelon Capital immediate production and is an important step in Thelon achieving its goal of becoming a million ton annual producer of high quality compliant Coals.

Acquisition Highlights:

• 30 years experience in Appalachian Coal production and sales
• Highly respected in Coal mining and reclamation
• Produces and sells currently to local Utility and industry
• Producing 50,000 tons/m from 3 permitted Strip and Auger mines with 4
  additional mines planned
• Has over 22,000,000 tons of recoverable Coal, including 4.5 million Tons
  of Blue Gem Seam Metallurgical Coal under permit or lease
• Employees over 100 people locally
• Has an estimated $24 million USD in Operating mining equipment, Wash
  Plant and support infrastructure
• No debt and cash flow positive for last 3 fiscal years
• Current management stays in place

The option allows for Thelon to purchase 100 percent of the outstanding shares of the Company for $35,000,000 USD and pay $7 million dollars for $7million in surety bonds. Thelon must pay $1million 14 days from signing and $41 million in 120 days. Thelon may get a 60 day extension by adding $500,000 to the deposit.

Timothy Webb P.E, a qualified person under national instrument 43-101, has approved the technical information contained in this release.

The LOI is subject to certain conditions including due diligence by Thelon, acceptance of the transaction by the TSX Venture Exchange and other conditions customary for transactions similar in nature to the transaction.

…

Unsere Einschätzung:

Das könnte für Thelon der Startschuss für eine Neubewertung sein!

…

Beachten Sie unbedingt unseren Disclaimer sowie unseren Hinweis zum „Interessenkonflikt bei Thelon Capital Ltd.„.

Michael Adams

Michael Adams ist seit mehr als 30 Jahren erfolgreich am Aktienmarkt tätig – sein Schwerpunkt liegt dabei auf Investments in Unternehmen mit geringer Marktkapitalisierung (Small- und Microcaps) aus den Bereichen Rohstoffe, Technologie und Healthcare. Er ist Chefredakteur und Herausgeber von Stock-Telegraph.com, Schirmherr von Aktienjagd.com sowie Betreiber des Börseninformationsportals CEO-Roaster.com. Mehrmals im Jahr ist er auf der Suche nach neuen Anlagetrends vor Ort in Kanada und den USA unterwegs und spricht dabei direkt mit den „Machern“ und Vorständen zukunftsträchtiger Unternehmen. Dieses exklusive Hintergrundwissen teilt er über seine Börsenpublikationen mit einem spekulativ orientierten und performance-hungrigen Anlegerpublikum.