Thursday, December 8, 2011

Evergreen Energy Provides Update on Southern Coal Holdings Joint Venture

Evergreen Energy Inc. (OTCBB: EVEI) provided an update on its joint venture with WPG Resources (ASX: WPG), Southern Coal Holdings (SCH), owned equally by Evergreen and WPG. During the past two weeks, WPG has been conducting additional due diligence regarding the K-Fuel® technology and the SCH structure and has identified certain issues in its press release issued December 8, 2011. Evergreen disagrees with WPG's characterization of these issues as they pertain to Evergreen's rights to t...continued
 

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