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Market Pulse - Growth Energy Company set to Acquire South American Mining Company & Extinguishes Remaining Convertible Debt
By: PR Newswire
Jan. 16, 2013 09:15 AM
CORAL SPRINGS, Florida, January 16, 2013 /PRNewswire/ --
FinancialNewsMedia.com "Active Energy Companies to Watch" for today: VSUS Technologies, Inc. (OTC:VSUT), Peabody Energy Corp. (NYSE:BTU), Cliffs Natural Resources Inc. (NYSE: CLF), Denbury Resources Inc. (NYSE:DNR) and Arch Coal, Inc. (NYSE: ACI)
Headline News: VSUS Technologies, Inc. (OTC:VSUT) announces it has signed a definitive agreement to Acquire Compañía Minera San José S.A. in Colombia and has now satisfied its last remaining convertible note with Asher Enterprises.
Stay informed on VSUS Technologies, Inc. developments by getting news alerts & updates delivered directly to your mobile phone by texting VSUT to 545454 from your cellular device or visit http://vsus.mobi for more details.
Compañía Minera San José S.A is a twelve year old company set up to explore and exploit coal in central Colombia. VSUS Technologies is acquiring "San Jose Mining" to use as an operating subsidiary for their coal operations in Colombia. The Company acquired Concession Contract # ILE-09551 from Erasmo Almanza in February, 2011. According to Article 22 from Law 685 of 2001, upon approval by the National Mining Agency, Mr. Almanza can cede title of the Concession Contract to the company's wholly owned subsidiary. The Company does not anticipate any issue with the transfer of title.
The Company also announces it has satisfied its last remaining convertible note with Asher Enterprises. The retirement of this debt not only significantly reduces company liabilities but also the expense associated with carrying that debt and the ability of that debt to be converted and dilute the shares outstanding.
Read the entire press release and company disclosures at: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=240
VSUT closed up 2.34% on Tuesday (01/15/13) at just slightly under $0.05 price per share. Be sure to check out VSUT's recent chart showing an increase over 500% in the price per share since later November, 2012. Recently VSUS Technologies, Inc. announced a name change to New Colombia Resources, Inc. The Company anticipates the name and symbol change with FINRA to take effect January 22, 2013. For more information on VSUT visit their website at http://www.vsustechnologies.com
Active Energy Leaders to keep a close eye on are:
Peabody Energy Corp. (NYSE: BTU) will announce the results for the year ended Dec. 31, 2012 on Tuesday, Jan. 29, 2013. A conference call with management is scheduled for 10 a.m. CST on Tuesday, Jan. 29. Peabody Energy is the world's largest private-sector coal company and a global leader in sustainable mining and clean coal solutions. The company serves metallurgical and thermal coal customers in more than 25 countries on six continents. BTU closed up slightly on Tuesday 01/15/13 on over 8.66Million shares traded closing at $24.73 per share.
Cliffs Natural Resources Inc. (NYSE: CLF) is a mining and natural resources company, engages in the production of iron ore pellets, fines and lump ore, and metallurgical coal. Cliffs Natural has a market cap of $5.32 billion and is part of the basic materials sector and metals & mining industry. TheStreet.com Ratings recently rated Cliffs Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and notable return on equity.CLF closed up 1.83% on Tuesday 01/15/13 on over 7.06Million shares traded.
Denbury Resources Inc. (NYSE:DNR) announced that it has entered into an agreement to acquire producing property interests in the Cedar Creek Anticline ("CCA") of Montana and North Dakota from a wholly-owned subsidiary of ConocoPhillips (NYSE: COP) for $1.05 billion cash. The assets to be purchased include additional interests in certain of Denbury's existing operated fields in CCA along with operating interests in other CCA fields.. DNR closed up 5.21% on Thursday 01/10/13 on over 16.4Million shares traded closing at $17.76 per share.
Arch Coal, Inc. (NYSE: ACI) will discuss its fourth quarter and full year 2012 financial results in a conference call that will be webcast live on Tuesday, Feb. 5 at 11 a.m. Eastern time. U.S.-based Arch Coal is a top five global coal producer and marketer. Arch is the most diversified American coal company, with mining complexes across every major U.S. coal supply basin. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents. ACI closed up 2.20% on Tuesday 01/15/13 on over 8.55Million shares traded closing at $6.96 per share.
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