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National Coal Announces Reverse Stock Split |
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Tuesday, 20 July 2010 15:31 |
Shareholders of National Coal Corp. approved amendments to the company’s articles of incorporation giving the board of directors approval to execute a reverse 1-for-4 stock split. In related news, the company announced the beginning of construction on its new Mine No. 12, which when fully operational is anticipated to add about 40,000 tons per month to the company’s production. First production is planned for the fourth quarter of 2010.
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