July 7th NuCoal Shareholder Update [CORRECTION]
October 3, 2011
As reported in the Shareholder update of July 7, 2011, Pope & Company Limited, of Toronto, assisted NuCoal Energy in identifying strategic options for shareholder consideration.
Following the shareholder meeting of May 20, 2011, the board and management of NuCoal Energy was changed with the implementation of the "Burn's Plan", as described.
For the sake of good order, it should be noted, that following the shareholder meeting, the Company's new management handles strategic planning on an in-house basis and the mandate of Pope & Company to act as a strategic advisor to NuCoal Energy Corp., ended on May 30th, 2011.
Dated: Monday, October 3, 2011
John Rogers - President
- 2010-10-19 October 19, 2010 Notice to Shareholders available under Investors (News Releases).
- 2010-10-07 According to a report by China's Xinhua News Agency, China is expected to have the world's largest coal-conversion industry by 2020.
- 2010-10-06 Prof. Frank Clemente, "the world is turning to coal," by 2030, coal consumption will have increased by 53% and coal-fired power generation by 85%. Coal will account for 48% of global incremental electricity generation over the next 20 yrs.
