SmallCapReview.com, A leading site for news and information on small caps, penny stocks and microcaps is adding American Power (AMPW) to its list of stocks "On the Radar".
American Power Corp. (AMPW) is a dynamic energy company based in Denver, Colorado. The Company was established with the focus of acquiring near-term, large-scale advanced coal projects in close proximity to national transportation links. American Power envisions developing its large coal resources to support electricity generation.
American Power is a member of the Montana Mining Association, and holds approximately 29,000 acres in Judith Basin County, Montana. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over half of the project's acreage. Several independent reports were commissioned based on the exploration work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of bituminous coal potential on the Pace acreage.
AMPW Investor Highlights
American Power's planned drilling program of the Pace Coal Project consists of 61 drilling locations and would involve a total of 52,740 feet of drilling.
The program's aim is to place a significant portion of the coal holdings of the Pace Coal Project in the proven and probable reserve classification, with an ultimate goal of establishing sufficient resources to support a greater than 20 year operational mine life.
In April 2010, American Power Corp. acquired roughly 29,000 acres, which make up the Pace Coal Project. In 1979 Mobil Oil Co. (now ExxonMobil) drilled 30 holes over 14,000 of the project's acreage, and delivered 45 samples which were later sent to an independent laboratory for analysis. It was subsequently determined that both the quality and the quantity of coal on the Pace acreage was high and significant, respectively. Several independent reports were commissioned based on the development work undertaken by Mobil Oil, determining there could be in excess of 410 million tons of high volatility bituminous coal potential on the Pace acreage.
Substantial infrastructure is already in place adjacent to and within the acreage, including a federal highway, a BNSF railway line, pipeline, and power lines, all of which would facilitate the economic extraction and transportation of coal to market.
American Power Corp. has access to a large and experienced workforce in Great Falls, Montana, and the coal project may provide hundreds, if not thousands, of new, high-paying jobs for the local economy.
Announced the closing of a non-brokered private placement financing resulting in gross proceeds of $500,000. The net proceeds of the financing will be used for the exploration and development of the Pace Coal Project located in Judith Basin County, Montana, as well as for general corporate purposes.
Over the last 12 months, we have raised $2 million and still can call up a further $8.6 million under the financing agreement signed in September last year," commented Al Valencia, CEO of American Power. "We continue to work hard towards the prospecting permit application to initiate drilling operations during the first half of this year and this funding is will be used towards achieving that goal," added Mr. Valencia.
To learn more about AMPW visit http://www.smallcapreview.com/ampw.htm.
Features available at SmallCapReview.com include in-depth profiles of select Small-Cap/Penny Stocks as well as the most comprehensive and up to date news available on the small-cap market.
No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. Nothing within our site should be construed as an offer or solicitation to buy or sell products or securities. The companies we profile may lack an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. SmallCapReview.com has been compensated twelve thousand five hundred dollars by a third party Winning Media for its services with regards to American Power.
Copyright SmallCapReview. SmallCapReview.com is a leading site for news on small-caps, penny stocks and microcaps. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select stocks in play, to register visit http://www.smallcapreview.com.
.
