L & L Energy, Inc. (LLEN) Concludes Inspection Trip to Chinese Coal Mine
L & L Energy announced the conclusion of a management visit to a recently acquired coal mine located in Guizhou Province, China. The visit was led by top officials of the company and also included due diligence inspections on other prospective acquisition opportunities. In January 2012, L & L Energy announced the acquisition of a 51% interest in the Weishe coal mine for total consideration of $16.2 million. The company issued three million shares of common stock to Union Energy Co. in the deal. The Weishe coal mine has 19 million tons of coal reserves located in a 1.8 square…