ABINGDON, Va., June 10 /PRNewswire-FirstCall/ -- Alpha Natural
Resources, Inc. (NYSE:
ANR -
News), a leading Appalachian coal
producer, today announced that its subsidiaries have extended the expiration
date for their exchange offer from 5:00 p.m., New York City Time, on Friday,
June 10, 2005, to 5:00 p.m., New York City Time, on Wednesday, July 6, 2005,
unless further extended. All other terms, provisions and conditions of the
exchange offer will remain in full force and effect. The subsidiaries of Alpha
Natural Resources, Inc. commenced the exchange offer on May 12, 2005, offering
to exchange up to $175 million aggregate principal amount of their 10% Senior
Notes due 2012 and related guarantees registered under the Securities Act of
1933, as amended, for any and all of their outstanding 10% Senior Notes due 2012
and related guarantees. As of 3:00 p.m. New York City Time on June 10, 2005,
$161,890,000 aggregate principal amount of the outstanding notes had been
tendered for exchange, representing approximately 93% of the outstanding notes.
A Form S-4 registration statement filed by the subsidiaries of Alpha Natural
Resources, Inc. with the SEC regarding the exchange offer was declared effective
by the SEC on May 11, 2005. In an effort to simplify the financial statements
required to be presented by the exchange offer registrants in future public
filings with the SEC, additional subsidiaries of Alpha Natural Resources, Inc.
were added as guarantors of the notes. The subsidiaries of Alpha Natural
Resources, Inc. intend to file a post-effective amendment to their registration
statement to add financial information regarding the guarantor entities. The
expiration date for the exchange offer is being extended to provide time for the
post-effective amendment to be filed with and declared effective by the SEC.
This press release does not constitute an offer of any securities. A copy of
the prospectus and other materials related to the exchange offer may be obtained
from Wells Fargo Bank, N.A., the exchange agent, at (800) 344-5128.
About Alpha Natural Resources
Alpha Natural Resources is a leading producer of high-quality Appalachian
coal. Approximately 94 percent of Alpha's reserve base is high Btu coal and 89
percent is low sulfur, qualities that are in high demand among electric
utilities which use steam coal. Alpha is also one of the nation's largest
producers and exporters of metallurgical coal, a key ingredient in steel
manufacturing. Alpha currently operates 64 mines and 11 coal preparation and
blending plants in four states.
