| IRVINE, Calif., Dec. 7, 2011 (GLOBE NEWSWIRE) -- Universal Bioenergy Inc. (Pink Sheets:UBRG), an independent diversified energy company, announced that it has planned a major expansion into the coal energy market sector with the signing of a definitive agreement for the acquisition of a 40% stake in the Whitesburg Friday Branch Mine in eastern Kentucky. The Whitesburg Mine will mine and market thermal coal for sale to electric utilities for use in coal fired power plant electric generation. The trans...continued UBRG bioenergy biofuel biofuels |
Wednesday, December 7, 2011
Universal Bioenergy Announces Expansion Into Coal Energy Market With Deal Valued at $264 Million
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