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Last updated on April 23, 2014 at 1:22 EDT

Latest VHGI Holdings Inc. Stories

2013-04-22 16:22:34

Company Commences Regular Monthly Shipments SULLIVAN, Ind., April 22, 2013 /PRNewswire/ -- VHGI Holdings, Inc. (OTCQB: VHGI), announced today that it has successfully delivered 4,836 tons of coal from the Landree Mine to a previously announced local utility. The shipment represents the second delivery of coal to this local utility under a multi-year agreement. For 2013, VHGI has shipped approximately 10,500 tons under the contract. The next shipment is scheduled for early May 2013....

2013-04-18 12:23:20

SULLIVAN, Ind., April 18, 2013 /PRNewswire/ -- VHGI Holdings, Inc. (OTCQB: VHGI), a company with assets and interests focusing on opportunities within the Coal Mining industry, announced today that it has retained KCSA Strategic Communications, a leading New York-based communications firm, to develop and implement a strategic investor relations program to raise its visibility in the investor community. Over its nearly four-decade history, KCSA has established a strong reputation for its work...

2013-04-01 16:21:29

SULLIVAN Ind., April 1, 2013 /PRNewswire/ -- VHGI Holdings, Inc. (OTCQB: VHGI) is pleased to announce the successful delivery of 4,868 tons of coal from the Landree Mine to Indianapolis Power & Light on Friday March 29, 2013. This shipment, along with a 10 car test train the week before, brings the total shipped in March to approximately 5,700 tons. "We are extremely pleased with the progress that our team has made over the past month and beginning to see the benefits of the phase one...

2013-03-06 16:22:45

SULLIVAN, Ind., March 06, 2013 /PRNewswire/ -- VHGI Holdings, Inc. (OTCQB: VHGI) is pleased to announce the following update for the Lily Group Inc. Landree Mine Phase 1 Project. Work at the Landree Mine located in Greene County, Indiana, is primarily focused on the continuous underground development toward the first panel. Improvements and upgrades are being made to the underground equipment that will increase the mechanical availability and improve production rates. Surface upgrades and...

2013-02-28 12:23:45

SULLIVAN, Ind., Feb. 28, 2013 /PRNewswire/ -- VHGI Holdings Inc. (OTCQB: VHGI) is pleased to announce the successful establishment of a line of credit to its wholly owned subsidiary Lily Group Inc. The $6,000,000 line of credit was obtained from a pair of individual lenders, and was guaranteed in part by Rick Risinger, Chief Executive Officer of VHGI Holdings, and Lily Group Holdings Company, a private corporation controlled by Risinger. Dallas-based investment banking firm Barrier Advisors...

2012-12-21 12:21:09

SULLIVAN, Ind., Dec. 21, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC VHGI.PK) announced today that it has released a letter from CEO Rick Risinger for the purpose of updating its shareholders of the progress and current status of operations within the company. Dear Shareholders: I would like to begin by thanking you for your patience and support during this chapter of the company's history. While many challenges remain I am confident that we are close to turning this company around and...

2012-03-28 06:21:49

FT. WORTH, Texas, March 28, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) announced that its wholly-owned subsidiary VHGI Coal, has successfully tested its clean coal-load out system for delivery to Indiana Power & Light (IPL) and other customers. The first shipment to IPL was made on Sunday March 25, 2012. One of the unique aspects of VHGI Coal's Landree Mine property is the existence of an on-site rail delivery system, which allows them the opportunity to deliver coal to its...

2012-03-01 08:00:00

FT. WORTH, Texas, March 1, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) announced today that its wholly owned subsidiary VHGI Coal has added to its management team by appointing seasoned mining professional Ron Hutchcraft as Executive Vice President of the recently acquired Lily Group Landree Mine in Jasonville, Indiana "This is an important step in the execution of our business plan," said Doug Martin CEO of VHGI. "After having closed this transaction, we immediately...

2012-02-22 08:00:00

FT. WORTH, Texas, Feb. 22, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) announced today that its wholly-owned subsidiary, VHGI Coal, Inc. has completed the acquisition of all of the stock of Lily Group, Inc., and in connection therewith, Lily Group has secured a $13,000,000 debt financing in order to refinance certain existing debt of the Company, pay vendors, pay costs of the transaction and for short-term working capital purposes. "This is an important step in the...

2012-01-12 09:18:00

FT. WORTH, Texas, Jan. 12, 2012 /PRNewswire/ -- VHGI Holdings, Inc. (OTC.QB: VHGI) announced today that Indianapolis Power & Light (IPL), a subsidiary of AES Corp. (NYSE: AES), has entered into a definitive agreement to purchase coal over 3 years from the Lily Group. As recently announced, VHGI has entered into a Definitive Stock Purchase Agreement with the Lily Group as announced January 9th, 2012. The agreement calls for IPL to purchase 1.0 million tons of coal from the Landree mine...