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MicroCoal® Technologies Inc. (CSE:MTI,FWB:OFS.F,OTC:CFQSF) announced that another director of MicroCoal has exercised previously granted options to purchase 100,000 common shares of MicroCoal. The purchase resulted in aggregate gross proceeds of $11,000 for MicroCoal.
As quoted in the press release:
The Company is focused on commercializing its unique, clean-coal upgrading technology known as MicroCoal®; a low-cost, patented microwave technology that reduces moisture in coal resulting in an upgraded energy content of coal.
MicroCoal CEO, Lawrence Siegel, said:
We appreciate the continued confidence that MicroCoal’s directors’ have in the Company’s progress and appreciate their support on a variety of levels as we continue to advance toward our goals.
Click here to read the MicroCoal Technologies Inc. (CSE:MTI) press release
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