Beacon Redevelopment Industrial Corporation Provides Update on Coal Mining Projects
2008年11月13日 - 3:33PM
PRニュース・ワイアー (英語)
NORTH HUNTINGDON, Pa., Nov. 13 /PRNewswire-FirstCall/ -- Beacon
Redevelopment Industrial Corporation (OTC:BCND) today announced
that it's wholly owned subsidiary Beacon Energy Corporation entered
into negotiations to purchase additional coal rights and the
finalization of previous negotiations. As previously announced,
Beacon Energy Corporation announced it had negotiated to acquire a
950 acre mining property in Western Pennsylvania. After further
investigation and negotiations, the company has entered into a
binding letter of intent to purchase only 750 of the 950 acres
offered. "Some of the rights would not have benefited our company,
so all parties have mutually agreed to our revised offer," said
Adam Marek, President & CEO. Mr. Marek also stated "That Beacon
Energy Corporation has begun additional negotiations for coal
mining rights on a separate parcel of land consisting of
approximately 270 acres. In total, the company will then
control/own 100% of mining rights for over 1,000 acres of coal,
spanning across three different municipalities in Western
Pennsylvania. The company declined to make an offer for the
post-mining land rights. As I only want to focus on operations that
will create positive revenues for our company's energy operations
.We believe the companies that Beacon Energy may consider for a
joint venture who will perform the actual mining of the coal will
be able to implement the longwall method of extracting the coal
from these properties for several years to come. The coal as
mentioned is part of the Upper and Thick Freeport Coal Seams in
Western Pennsylvania." About Beacon Redevelopment Industrial
Corporation: Beacon specializes in acquiring undervalued properties
that offer the potential for above average return on investment
along with multiple assets and development ability at distressed
prices, the properties must offer recyclable/salvageable materials,
energy resources or mineral rights along with the potential for
redevelopment and or desirable development potential; the company
also seeks along with the above for mentioned, properties that have
the possibility for governmental grants, tax rebates or deferments
as part of their criteria for acquisition. Please visit the
company's website at http://www.beaconredevelopment.com/ for all
the latest information and updates. This press release contains
certain forward-looking statements. All forward-looking statements
in this press release are based on information available to the
company as of the date hereof, and the company undertakes no
obligation to update forward-looking statements to reflect events
or circumstances occurring after the date of this press release.
DATASOURCE: Beacon Redevelopment Industrial Corporation CONTACT:
Adam Marek, +1-724-871-7458, for Beacon Redevelopment Industrial
Corporation Web Site: http://www.beaconredevelopment.com/
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