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Article: United States : Evergreen Energy Provides Update on Proposed Sale of Buckeye Industrial Mining Co. and Financing Alternatives.
- Article from:
- TendersInfo
- Article date:
- September 26, 2009
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Today, Evergreen Energy Inc. (NYSE Arca: EEE), a green energy technology solutions company, provided an update on its process to sell Buckeye Industrial Mining Co. and its financing alternatives.
On September 18, 2009, our exclusivity arrangement for the sale of Buckeye Industrial Mining expired. Although we are continuing to negotiate with the current possible acquirer, we do not have a definitive agreement to sell Buckeye.
On August 4, 2009, we reached an agreement with an investment group to provide an aggregate $25 million of financing, including a $20.0 million commitment from one significant, long-term shareholder and $5.0 million in additional ...