Attached files
| file | filename |
|---|---|
| EX-99 - PRESS RELEASE - L & L ENERGY, INC. | llenpingyi.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
May 4, 2012
Date of report (Date of earliest event reported)
L & L Energy, Inc.
(Exact name of Registrant as Specified in Charter)
|
Nevada |
000-32505 |
91-2103949 |
|
(State or other jurisdiction of |
(Commission File Number) |
(IRS Employer Identification No.) |
|
incorporation) |
|
|
130 Andover Park East, Suite 200, Seattle WA 98188
(Address of principal executive offices) (Zip Code)
(206) 264-8065
Registrant’s telephone number, including area code
(Former Name or Former Address, If Changed Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
Effective at the end of April 30, 2012, L&L has reached an agreement to sell the underperforming Ping Yi mine, which is one of five L&L underground mines. Under the terms of the agreement, L&L sells Ping Yi back to its original owners, while securing an off-take agreement at a discounted price to take advantage of the mine’s future production. The sale terms include, among others, a US $31 million sale price, treated in part as a prepayment by L&L on future coal purchased by L&L, and in part as a prepayment by L&L for the future use of the mine’s coal washing facility. L&L purchased the mine in 2009 for approximately US $4 million.
Forward Looking Statements
Information set forth in this Form 8-K report that is not purely historical are “forward looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward looking statements include, without limitation, statements regarding the Company’s business strategy, market/revenue/profitability prediction, risks/uncertainties, and future performance. All such forward looking statements are based upon information available to the Company as of the date hereof, and the Company assumes no obligation to update any such statement. Actual results could differ materially from the Company’s current expectations. Factors that could contribute to such differences include, without limitation, risks related to volatility in coal demand, China’s political/economic environment, the Company’s ability to acquire coal-mine related assets and corresponding financing, and other factors discussed in the Company’s reports filed by the Company from time to time with the Securities and Exchange Commission.
ITEM 8.01. Other Events.
On May 4, 2012, L&L issued a press release regarding the agreement described in Item 8.01 above. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits
|
Exhibit Number |
Description |
|
99.1
|
Press Release titled “L&L Explores Surface Mining in Inner Mongolia --Company reaches agreement to sell the Ping Yi mine,” released on May 4, 2012
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
|
L & L ENERGY, INC. |
|
|
|
|
(Registrant) |
|
|
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Dickson V. Lee |
|
|
|
|
Dickson V. Lee, |
|
|
|
|
Chief Executive Officer |
|
Date: May 4, 2012