National Coal Corp. (NCOC)

[makesumgravy]

Present Share count posted but the dilution is not yet over, another 1.6m is still left in the offering according to the April 6 release.

(S-3A)
THE OFFERING


Securities Offered 1,638,125 shares of common stock
underlying warrants with an exercise
price of $8.50 per shareCommon stock outstanding after this 35,822,949 shares, assuming the
offering(1) exercise of all of the warrants.Use of proceeds Assuming the exercise of all
warrants at $8.50 per share, we will
receive gross proceeds of
$13,924,062.50. We intend to use the
proceeds from the exercise of
warrants, if any, for general
corporate purposes.
NASDAQ Symbol for Common Stock NCOC------------






(1) The number of shares of common stock outstanding after this offering is based on the number of shares outstanding as of April 2, 2009 and excludes up to (1) 1,662,125 shares of common stock issuable upon the exercise of outstanding options, of which 782,875 options are immediately exercisable at a weighted average exercise price of $6.46 per share and (2) 1,146,620 and 250,000 shares of common stock issuable upon the exercise of other outstanding warrants at an exercise price of $3.00 and $4.00 per share, respectively.


-4-