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Total Outstanding: 53 million shares Further acquisitions planned by MCoal include the operating Flatwoods Mine located in
Fully Diluted: 71 million shares Kentucky, currently producing 23,000 ton per month of a high quality stoker coal selling at an
Financial Year End: June 30 th
average price of US$89 per ton, the fully permitted and bonded Rex No. 1 Mine located in
Tennessee with 32.2 million tons 1 of measured and indicated and 27.6 million tons 1 of inferred
Directors and Officers resources of a coal suitable for the silicon metal market and, the Dade Project located in
Georgia with historic estimates of 172M tons 1 of coal in place. By consolidating these
Chairman: Stephen J. Wilkinson acquisitions MCoal’s near term goals are to:
President/CEO: Neil MacDonald
CFO: Valerie Helsing, CMA, BC Increase Production of specialty coal products from an
VP, Operations: Rowena Everett expected 175,000 tons in 2010 to 800,000 tons in 2011
Director: Kenneth Yurichuk and 1,000,000 tons in 2012;
Director: John King Burns
Director: Scott Ackerman Increase revenue from an expected $17 million in 2010
Director: Jeff Durno to $100 million in 2011 and $143 million in 2012; and
Director: Sargent H. Berner
Lawyers: Anfield Sujir Kennedy & Prove up 100 million tons of NI 43-101 compliant
Durno specialty coal resources by the end of 2011.
Transfer Agent: Computershare Trust
Company of Canada Continue evaluating and acting upon a pipeline of
Auditors: Devisser Gray LLP additional high quality coal acquisition opportunities
that complement the current portfolio of projects
CONTACT INFORMATION
Gavin McMillan
Corporate Development / Communications
Footnote 1 : Unless indicated otherwise, no work has been done to classify the coal resources mentioned in this
fact sheet as a current resource estimate as defined in section 1.2 and section 1.3 of NI 43-101 and is treated as an
estimate only and therefore cannot be relied upon.
1
$160 – his tori cal resource of 172 million tons of metallurgi cal and thermal coal in coal four seams .
$140 – negotia ting 18 month option to a cqui re mineral ri ghts for $US5 million pa yable as to $US 2.1
$120 million in cash and the balance in sha res a t the current sha re pri ce when the option is
$100 exercised.
$80
– expl ora tion and delinea tion of 43-101 mineral resource by end of 2011.
$60
$- Description Cash
2010 2011 2012 2013
Acquisition of Ikerd mining assets $16,000,000
(6 months) Acquisition of Tiacme LLC (Rex No. 1 Mi ne) $2,500,000
Rex No. 1 Mine development and s tart-up $10,000,000
Revenue EBITDA Dade Project option $75,000
Explora ti on of Dade Project $1,000,000
Net Income Rosa Wash Plant $3,000,000
Sub total $32,575,000
Working Ca pital $7,425,000
Total Funding Requirements $40,000,000