Xinergy Ltd. Announces Board Changes
04.11.2013 | Marketwired
KNOXVILLE, TENNESSEE -- (Marketwired - Nov. 4, 2013) - Xinergy Ltd., (TSX:XRG) ("Xinergy" or the "Company"), a U.S. Central Appalachian coal producer, announced today the resignation of directors Stephen Loukas and Jay Thornton, and a reduction in Board size to four members.Loukas and Thornton, who have served on the Board since 2012, have resigned from the Board to pursue other professional interests. "Steven and Jay have contributed substantially to our Board during their tenure, helping guide the Company through a challenging market environment and its transition to a metallurgical coal focus" stated Todd Q. Swanson, Chairman of the Board of Xinergy. "We thank them for their commitment and efforts, and wish them well in their future endeavors."
The Board now has four members: Todd Swanson (Chairman), Justin Converse, Bob Metcalfe and Bernie Mason (CEO).
About Xinergy Ltd.
Headquartered in Knoxville, Tennessee, Xinergy Ltd., through its wholly owned subsidiary Xinergy Corp. and its subsidiaries, is engaged in coal mining in West Virginia and Virginia. Xinergy sells high quality thermal and metallurgical coal to electric utilities, steelmakers, energy trading firms and industrial companies. For more information, please visit www.xinergycorp.com.
Forward-Looking Information
Forward-looking information should not be read as a guarantee of future performance and will not necessarily be accurate indications of the times at, or by which, that performance will be achieved. There are several risks that could cause actual performance to differ materially from those expressed in or suggested by the forward-looking information which are more fully described in Xinergy Ltd.'s filings with the Canadian Securities Administrators, including its Annual Information Form for the year ended December 31, 2012, available on SEDAR at www.sedar.com. You should not put undue reliance on any forward-looking information. We assume no obligation to update forward-looking information, except to the extent required by applicable securities laws.
CONTACT INFORMATION
Xinergy Ltd.
Michael R. Castle, Chief Financial Officer
865-474-7000
www.xinergycorp.com
