EX-99
2
ex99-1d.txt
EX-99.1 PRESS RELEASE
EXHIBIT 99.1
CONTACTS:
Kearstin Patterson
Vice President of Communications
National Coal Corp.
865/690-6900 (direct)
865/207-3875 (cell)
kpatterson@nationalcoal.com
NATIONAL COAL CORP. COMPLETES
KENTUCKY ACQUISITION
--------------------------------------------------------------------------------
COMPANY ENTERS INTO A $21 MILLION CREDIT AGREEMENT TO FACILITATE TRANSACTION
Knoxville, Tenn. - (November 30, 2004) - National Coal Corp. (OTC BB: NLCP), a
coal producer operating in the Appalachian Region, is pleased to announce its
wholly-owned subsidiary, National Coal Corporation, has completed its previously
announced acquisition of certain assets of Appalachian Fuels, LLC. National Coal
acquired mining equipment and coal mining rights, leases and permits on 40,000
acres located on the Straight Creek and Pine Mountain mines in the southeastern
portion of Kentucky for $12.5 million, plus the assumption of some current
liabilities. National Coal also agreed to replace $6.5 million of the seller's
reclamation and other bonds.
To facilitate the acquisition, the Company entered into a senior secured credit
facility with a New York based private investment firm that provided
availability of up to $21 million. The loan is secured by the assets of the
Company and its subsidiaries and matures in November 2006. The Company initially
borrowed $15 million under the facility to fund the Appalachian Fuels
acquisition.
National Coal expects to commence mining operations on all approved and
permitted Kentucky sites immediately.
ABOUT NATIONAL COAL CORP.
National Coal Corp., through its wholly-owned subsidiary, National Coal
Corporation, owns and leases the coal mineral rights on approximately 115,000
acres in Eastern Tennessee and Kentucky. For more information, visit
www.nationalcoal.com.
THIS RELEASE CONTAINS STATEMENTS THAT ARE "FORWARD-LOOKING" WITHIN THE MEANING
OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. THESE STATEMENTS ARE
BASED ON CURRENT ESTIMATES AND PROJECTIONS ABOUT NATIONAL COAL'S BUSINESS, WHICH
ARE DERIVED IN PART ON ASSUMPTIONS OF ITS MANAGEMENT, AND ARE NOT GUARANTEES OF
FUTURE PERFORMANCE, AS SUCH PERFORMANCE IS DIFFICULT TO PREDICT. EXAMPLES OF
FORWARD LOOKING-STATEMENTS INCLUDE THE IMMEDIATE COMMENCEMENT OF MINING
OPERATIONS ON THE ACQUIRED PROPERTY. ACTUAL OUTCOMES AND RESULTS MAY DIFFER
MATERIALLY FROM WHAT IS EXPRESSED OR FORECAST IN SUCH FORWARD-LOOKING STATEMENTS
DUE TO NUMEROUS FACTORS. SUCH FACTORS INCLUDE, BUT ARE NOT LIMITED TO, NATIONAL
COAL'S ABILITY TO RAPIDLY AND EFFICIENTLY INTEGRATE THE ACQUIRED OPERATIONS INTO
ITS EXISTING OPERATIONS, THE OCCURRENCE OF UNANTICIPATED DELAYS IN CLOSING THE
ACQUISITION, THE DEMAND FOR COAL, THE PRICE OF COAL, THE SUPPLY OF COAL AND
OTHER COMPETITIVE FACTORS, THE COSTS TO MINE AND TRANSPORT COAL, THE ABILITY TO
OBTAIN NEW MINING PERMITS, THE COSTS OF RECLAMATION OF PREVIOUSLY MINED
PROPERTIES, AND THE RISKS OF EXPANDING COAL PRODUCTION. THESE AND OTHER RISKS
ARE MORE FULLY DESCRIBED IN THE COMPANY'S FILINGS WITH THE SECURITIES AND
EXCHANGE COMMISSION INCLUDING THE COMPANY'S MOST RECENTLY FILED ANNUAL REPORT ON
FORM 10-KSB AND QUARTERLY REPORTS ON FORM 10-QSB, WHICH SHOULD BE READ IN
CONJUNCTION HEREWITH FOR A FURTHER DISCUSSION OF IMPORTANT FACTORS THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING
STATEMENTS.
# # #

EX - 99 2 ex99 - 1d . txt EX - 99 . 1 PRESS RELEASE EXHIBIT 99 . 1 CONTACTS : Kearstin Patterson Vice President of Communications National Coal Corp . 865 / 690 - 6900 ( direct ) 865 / 207 - 3875 ( cell ) kpatterson@nationalcoal.com NATIONAL COAL CORP . COMPLETES KENTUCKY ACQUISITION -------------------------------------------------------------------------------- COMPANY ENTERS INTO A $ 21 MILLION CREDIT AGREEMENT TO FACILITATE TRANSACTION Knoxville , Tenn . - ( November 30 , 2004 ) - National Coal Corp . ( OTC BB : NLCP ) , a coal producer operating in the Appalachian Region , is pleased to announce its wholly - owned subsidiary , National Coal Corporation , has completed its previously announced acquisition of certain assets of Appalachian Fuels , LLC . National Coal acquired mining equipment and coal mining rights , leases and permits on 40,000 acres located on the Straight Creek and Pine Mountain mines in the southeastern portion of Kentucky for $ 12.5 million , plus the assumption of some current liabilities . National Coal also agreed to replace $ 6.5 million of the seller 's reclamation and other bonds . To facilitate the acquisition , the Company entered into a senior secured credit facility with a New York based private investment firm that provided availability of up to $ 21 million . The loan is secured by the assets of the Company and its subsidiaries and matures in November 2006 . The Company initially borrowed $ 15 million under the facility to fund the Appalachian Fuels acquisition . National Coal expects to commence mining operations on all approved and permitted Kentucky sites immediately . ABOUT NATIONAL COAL CORP . National Coal Corp . , through its wholly - owned subsidiary , National Coal Corporation , owns and leases the coal mineral rights on approximately 115,000 acres in Eastern Tennessee and Kentucky . For more information , visit www.nationalcoal.com . THIS RELEASE CONTAINS STATEMENTS THAT ARE " FORWARD - LOOKING " WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 . THESE STATEMENTS ARE BASED ON CURRENT ESTIMATES AND PROJECTIONS ABOUT NATIONAL COAL 'S BUSINESS , WHICH ARE DERIVED IN PART ON ASSUMPTIONS OF ITS MANAGEMENT , AND ARE NOT GUARANTEES OF FUTURE PERFORMANCE , AS SUCH PERFORMANCE IS DIFFICULT TO PREDICT . EXAMPLES OF FORWARD LOOKING - STATEMENTS INCLUDE THE IMMEDIATE COMMENCEMENT OF MINING OPERATIONS ON THE ACQUIRED PROPERTY . ACTUAL OUTCOMES AND RESULTS MAY DIFFER MATERIALLY FROM WHAT IS EXPRESSED OR FORECAST IN SUCH FORWARD - LOOKING STATEMENTS DUE TO NUMEROUS FACTORS . SUCH FACTORS INCLUDE , BUT ARE NOT LIMITED TO , NATIONAL COAL 'S ABILITY TO RAPIDLY AND EFFICIENTLY INTEGRATE THE ACQUIRED OPERATIONS INTO ITS EXISTING OPERATIONS , THE OCCURRENCE OF UNANTICIPATED DELAYS IN CLOSING THE ACQUISITION , THE DEMAND FOR COAL , THE PRICE OF COAL , THE SUPPLY OF COAL AND OTHER COMPETITIVE FACTORS , THE COSTS TO MINE AND TRANSPORT COAL , THE ABILITY TO OBTAIN NEW MINING PERMITS , THE COSTS OF RECLAMATION OF PREVIOUSLY MINED PROPERTIES , AND THE RISKS OF EXPANDING COAL PRODUCTION . THESE AND OTHER RISKS ARE MORE FULLY DESCRIBED IN THE COMPANY 'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION INCLUDING THE COMPANY 'S MOST RECENTLY FILED ANNUAL REPORT ON FORM 10 - KSB AND QUARTERLY REPORTS ON FORM 10 - QSB , WHICH SHOULD BE READ IN CONJUNCTION HEREWITH FOR A FURTHER DISCUSSION OF IMPORTANT FACTORS THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD - LOOKING STATEMENTS . # # #