VHGI Holdings Inc. (OTCQB:VHGI) announced that its letter of intent to buy an Indiana coal mine has been extended.

As quoted in the press release:

VHGI and Rick Risinger, the sole shareholder of the mining company, are in the process of finalizing the definitive transaction documents and obtaining the various bank, third-party and regulatory consents necessary to consummate the transaction. The parties intend to close this transaction as soon as possible following receipt of such consents.

VHGI’s President and CEO, Doug Martin said:

By having this much acreage under direct control of this operation, and with all the permits in place, we could not have crafted a better scenario for us to enter this sector of the energy market.

Click here for the VHGI Holdings Inc. (OTCQB:VHGI) press release.

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