L & L Energy Announces Management Share Purchases
CEO Dickson Lee Acquires 254K Shares
SEATTLE, Sept. 13 /PRNewswire-FirstCall/ -- L & L Energy Inc., (Nasdaq: LLEN) ("L&L" or the "Company"), a U.S.-based company operating coal businesses in China, announced today that the Company's executive management and directors acquired approximately 383,750 shares of L & L common stock between July 1, 2010 and September 8, 2010. The majority of the stock acquisitions were made by the Company's chairman and chief executive officer, Dickson Lee, who exercised warrants to purchase 254,000 shares of L & L common stock during the period. Mr. Lee increased his total holdings of L & L common stock to nearly 7.4 million shares, or 25.2% of the Company's total shares outstanding.
About L & L Energy
L & L Energy (Nasdaq: LLEN), founded in 1995 and headquartered in Seattle, is engaged in coal mining, washing, coking and distribution in Yunnan and Guizhou Provinces. The Company has offices in Kunming, Shenzhen, Guangzhou, Hong Kong and Taipei. The Company produces thermal and metallurgical coals. During the year ended April 30, 2010, the Company has achieved impressive revenue growth of 167% and net income growth of 230% from the previous year. In June, 2010, L & L's stock was added to the Russell 3000® Index. For more information, see www.llenergyinc.com.
CONTACT: |
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Dave Gentry |
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RedChip Companies, Inc. |
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(800)733-2447, Ext.104 |
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SOURCE L & L Energy, Inc.
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