Hallador Energy Company (HNRG) Announces Listing on NASDAQ Capital Market
19 Mai 2010 - 6:32PM
Hallador Energy Company (Hallador) (OTCBB:HPCO) has been approved
for listing on the NASDAQ and will begin trading on Friday, May 21,
2010 under the symbol HNRG. Hallador is a Denver based company with
320 employees most of whom work at its wholly owned subsidiary,
Sunrise Coal, LLC (Sunrise). Hallador also owns a 45 percent equity
interest in Savoy Energy, L.P., an oil and gas company with
operations in Michigan.
Sunrise operates the Carlisle Mine, an underground coal mine, in
Sullivan County, Indiana. The Carlisle Mine produces
approximately 3,000,000 tons of coal per year which, for the most
part, is sold to three electric utilities in Indiana. The
Carlisle Mine is a new underground mine and the first coal shipped
in January 2007. Our proved coal reserves at December 31, 2009 were
47,000,000 tons.
Victor P. Stabio, the company's CEO, said, "We are excited to be
listed on the NASDAQ Capital Market. With this listing we will
no longer trade on the bulletin board. The NASDAQ listing is a
major step in our goal to continue growing our company and
increasing the liquidity and value of our shares."
Hallador personnel will preside over the NASDAQ Opening Bell on
Thursday, May 27, 2010.
Hallador has a market cap of approximately $250,000,000 and
generated $45,000,000 of cash flow in 2009 and $14,000,000 of cash
flow in the first quarter of 2010. There are approximately
28,000,000 shares outstanding.
Hallador was recently named to Forbes' 2010 list of "The 100
Most Trustworthy Companies." Forbes utilized Audit Integrity,
an independent financial analytics company based in Los Angeles, to
identify the 100 businesses on American exchanges with the most
transparent and conservative accounting practices and most prudent
management. The firm sorts the "100 Most Trustworthy Companies"
into three groupings: Large, mid and small-cap companies, and
arranges them in order of accounting and governance risk (AGR)
score, with 100 being the highest score. Hallador was listed this
year under the "Most Trustworthy Small-Capitalization Companies"
with a score of 94.
For more information please visit both of our websites,
www.halladorenergy.com or www.sunrisecoal.com.
CONTACT: Hallador Energy Company
Rebecca Palumbo
303/839-5504 ext. 316
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