Liberty Coal Energy settles $9.2 million private placement of equity

Company seeks to fund Owsley County, Ky., coal property, acquisitions

By Devika Patel

Knoxville, Tenn., Oct. 11 - Liberty Coal Energy Corp. said it has completed a $9.2 million private placement of equity with 10 institutional investors.

"This funding provides Liberty Coal the financial capability to complete its plan on the Owsley County, Ky., coal property and to make additional acquisitions to grow its business plan," chief executive officer Ed Morrow said in a press release.

Liberty is a coal explorer in Denver.

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