NewLead Holdings (NEWL) shares to resume trading at 9:00am ET
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NewLead (NEWL) Announces $11M Coal Property/Rights Acquisition
January 17, 2013 8:31 AM ESTNewLead Holdings Ltd. (Nasdaq: NEWL) announced that the Company has entered into an agreement to acquire title and excavation rights in properties containing 18.6 million tons of estimated coal reserves for $11.0 million. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1 million tons of coal for $55.0 million.
Michael Zolotas, President and Chief Executive Officer of NewLead, stated, "We have expanded our recently launched commodities business with the agreement to acquire an estimated 18.6 million tons of coal reserves. We are in the process of acquiring additional coal properties with... More
