Americas Energy Company Completes Acquisition of Evans Coal Corporation
KNOXVILLE, TN--(Marketwire - February 8, 2010) - Americas Energy Company - AECo (OTCBB: AENY)
announced the closing of the acquisition of Evans Coal Corporation. Evans
Coal Corporation is a 36-year-old mining company based in Flat Lick,
Kentucky. Evans Coal Corporation's assets contain high quality coal
reserves in Southeastern, Kentucky. According to a 2009 report by Michael
Gambrel, a Kentucky Professional Engineer, the Evans Coal Corporation
controls coal reserves in excess of 348 million tons, translating into
recoverable reserves of 211 Million tons of recoverable coal or 13+ Billion
Dollars at current market prices.
February 8, 2010 | Filed Under
Mergers and Acquisitions
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