Keep reading Mustang Sally!North American Gem now controls approximately 20,000 acres of coal leases in West Virginia that are in various stages of permitting. Several different coal seams run on ACC's properties including the well known Kittanning seam currently being mined at Cleveland-Cliff's White Tail mine 6 miles from ACC's project.
The Company will pay, to the founders of Appalachia Coal Corp., $200,000 in cash payments and 8,000,000, consisting of one (1) common share and one (1) common share purchase warrant exercisable at an exercise price of $0.20 per share for a period of two (2) years from closing. North American Gen has also paid a $15,000 finder's fee to Canaccord Capital Corporation.
Charles Desjardins will visit the West Virgina property early next week and will implement additional plans with the project's management team, to aggressively move the project forward.
The filing only refers to the TSX entering it into their system. So to speek.
Deals done dumb a$$!