Message #12 From:
Stock News Bot Date: April 1, 2008 07:24:12 AM
James River Coal Company Announces Consummation of Common Stock Offering and Exercise of Over-Allotment Option
RICHMOND, Va., March 25 /PRNewswire-FirstCall/ -- James River Coal Company
(Nasdaq: JRCC) announced today the completion of the previously announced
public offering of its common stock. The Company also announced that UBS
Investment Bank exercised, in part, the over-allotment option granted by the
Company in connection with the offering and, as a result, purchased an
additional 413,432 shares of the Company's common stock. Including the over-
allotment shares, the offering totaled 3,413,432 shares of the Company's
common stock, resulting in net proceeds to the Company of approximately $50.2
million (after payment of the underwriting discount, but excluding estimated
offering expenses).
This press release does not constitute an offer to sell or a solicitation
of an offer to buy any securities. A written prospectus may be obtained from
sales representatives of UBS Securities LLC at 299 Park Avenue, New York, NY
10171, Attn: Prospectus Department; (212)-821-3884.
After this offering there are approximately 25,324,897 shares of the
Company's common stock outstanding.
James River Coal Company mines, processes and sells bituminous steam and
industrial-grade coal primarily to electric utility companies and industrial
customers. The Company's mining operations are managed through six operating
subsidiaries located throughout eastern Kentucky and in southern Indiana.
CONTACT: James River Coal Company Elizabeth M. Cook Director of Investor Relations (804) 780-3000
