Americas Energy Company, Inc.(fka AENYQ)

[OilStockReport]

Latest news eliminates debt. A sign of things to come?

KNOXVILLE, Tenn.--(BUSINESS WIRE)-- “We are pleased to announce the elimination of the $25 Million Promissory Note relating to the acquisition of Evans Coal Corp. We successfully negotiated a reduction in the purchase amount and the associated finance terms related to our acquisition of Evans Coal Corp.” said Chris Headrick, President and CEO of Americas Energy Company (OTCBB:AENY). Mr. Headrick added, “Under our new agreement, Mrs. Evans has agreed to a reduction in the amount payable to $2 per clean ton and with no minimum payments. By generating more free cash flow and eliminating the debt associated with the purchase, Americas Energy Company will be in a much stronger financial position. This in turn will allow us to begin development of the first three of our five deep mine permits, repurpose and expand our existing surface mine permits and further develop the leased acreage acquired in the purchase.”

About Americas Energy Company

We are a consolidator of high quality coal properties, operating out of our main offices in Knoxville, TN. We currently operate projects in Kentucky and are developing projects in Tennessee. AECo develops energy projects throughout the Americas. AENY encourages those interested in our company to rely only on information expressly approved and released by the Company including our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov.