Bullboard - Stock Discussion Forum L&L Energy, Inc. LLEN

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"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

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L&L Energy, Inc. > Lee's Loan probably to do with finalizing Union de

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Post by farstar on Nov 05, 2012 5:31pm

Lee's Loan probably to do with finalizing Union de

Excerpt from Oct 22 2012 news release regarding finalizing lastes acquisition with Union......

"Union owns a portfolio of 7 mines in HeZhang County. As disclosed earlier, Union wishes to diversify its mining portfolio and to
expand its customer base with L&L. L&L’s acquisition of approximately 90% controlling interest in LuoZhou and LaShu will be
structured as an equity interest swap for L&L’s coking coal mine and its Zone Lin coking facility. Details of the swap are being
reviewed by advisers and the transaction is expected to be completed within 30 days. Subject to final valuation, L&L may issue
cash and/or a small amount of LLEN shares to Union as additional consideration under the swap".

Farstar

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Comment by cybertron8 on Nov 05, 2012 5:39pm

far...i agree w ya.... today sp falling w good news. ....cant wait for next earnings report as well....on a side note here, this site says "a w and a t and a f "is profanity LOL

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