The Kiley Group, Inc. Signs 5 Year Exclusive Contract With Stroup Mining
Today : Monday 9 January 2012
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The Kiley Group, Inc. Signs 5 Year Exclusive Contract With Stroup Mining
PR Newswire
DALLAS, Jan. 9, 2012
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.
Safe Harbor Statement:
This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Contact:The Kiley Group—THEKILEYGROUPINC.COM606 262 4464
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