Thursday, May 28, 2015 3:41:49 PM
DALLAS, Jan. 9, 2012 /PRNewswire/ -- The Kiley Group, Inc. (Pinksheets: KGRI.PK - News) is proud to announce today that a 60 month contract has been signed with Stroup Mining, giving The Kiley Group 100% of the mining and mineral rights. Stroup Mining is located in Pikeville, KY positioned on 58 acres. Previous geological reports have shown upward of 75 million dollars in coal reserves in today's prices which are locked into 40 inch seams throughout the property. The exact amount of natural gas reserves have yet to be determined. For the past 44 years Stroup Mining has been owned and operated by the same family group.
William Smart, president of the Kiley Group stated," We are thrilled to enter into this thriving market. With technological advances in the natural resource industry, the demand for coal has been rising dramatically. Growth in this arena has been phenomenal over the last few years and we believe we are positioning The Kiley Group to be extremely successful. We will be updating shareholders regularly on the rapid progress being made."
In addition to the rights, The Kiley Group has full access and use of the buildings and equipment for the mines located on the property. The company is currently negotiating the final purchase price of those assets as well.
-------------
I know it's old news to some here but to me it's new since I did no research on KGRI before I bought a year ago. I bought based off the chart. So now KGRI is 3.5 years into this mining contract with 1.5 years left.
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM