Thelon Enters LOI to Acquire Private Producing Coal Company

Thelon Capital Ltd. (TSXV:THC) reports that it has entered into an option to purchase a 100% interest in a Private Tennessee Mining Company.

The press release is quoted as saying:

The company is a 30 year old privately held Mining Company currently producing 50,000 tons of Coal a month from 3 permitted mines, with a fourth permit in place and planned to start producing shortly. They currently are supplying local industrial and utility markets, with plans to take advantage of the growing USA export market

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