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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:41 EDTSCOKSinoCoking Coal to change name to Clean Synthetic Technologies
SinoCoking Coal and Coke Chemical said that, subject to shareholder approval and satisfaction of applicable laws, it intends to change its name to Clean Synthetic Technologies. The name reflects the company's new emphasis on the large-scale production of clean-burning synthetic gas and other clean energy products. Concurrent with the name change, the company expects to change its stock trading symbol on Nasdaq.
News For SCOK From The Last 14 Days
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September 18, 2014
12:36 EDTSCOKSinoCoking Coal enters agreement for $14.3M registered direct offering
SinoCoking Coal and Coke Chemical Industries announced that it entered into a securities purchase agreement with two institutional investors in connection with an offering pursuant to which the company agreed to sell to investors 2,818,845 shares to be issued on the initial closing of the Offering at a price of $5.10 per common share. The Initial Offering includes Series A warrants to purchase an aggregate of 1,409,423 shares of common stock and Series B warrants, which are not exercisable for the first six months, may become exercisable only to the extent the company does not have an effective registration statement available for shares underlying such warrants, and, in any event, expire after certain registration conditions are satisfied, to purchase an aggregate of 1,644,737 shares of common stock. The company expects the Initial Offering of approximately $14.3M in gross proceeds will close on or before September 23. FT Global Capital, Inc. served as the exclusive placement agent for the offering.
10:34 EDTSCOKHigh option volume stocks
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10:04 EDTSCOKSinoCoking Coal to sell 2.8M shares to two institutional investors
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September 17, 2014
13:03 EDTSCOKSinoCoking Coal to host special shareholder meeting
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September 16, 2014
10:33 EDTSCOKHigh option volume stocks
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08:35 EDTSCOKSinoCoking Coal announced government to supply gas pipeline distribution network
SinoCoking Coal and Coke Chemical Industries said that the local government of Pingdingshan has agreed to provide the company with an extensive gas pipeline distribution network and gas storage system as well as a land allotment of over 7.5 square miles of high-quality coal, all of which will support the development and continuing operations of SCOK's recently announced $300M underground mine coal-to-syngas conversion project. Additionally, the government of Pingdingshan may issue "significant" financial grants to SinoCoking after assessing the project's initial performance. The gas pipeline network and storage system will connect each of SinoCoking's four mines in Henan Province with most of its major population and industrial centers. The 7.5 square miles of high-quality coal will be used by SinoCoking to refine its underground coal-to-syngas technology before commencing sales of syngas in February of next year. The gas will be sold to local power, chemical and transportation companies as well as households requiring electricity in Henan Province, said the company.
September 9, 2014
08:37 EDTSCOKSinoCoking Coal announces new underground coal gasification project
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