Beacon Redevelopment Industrial Corporation Completes Purchase and Development Agreements of its Coal Mining Rights and Receives Valuation Estimates

November 18, 2008

Beacon Redevelopment Industrial Corporation (Pink Sheets: BCND) today announced that it's wholly owned subsidiary Beacon Energy Corporation has finalized and completed the purchase of 100% of the coal rights for two parcels of land totaling 1020 acres in Westmoreland County, Pennsylvania. The coal forms part of the Upper and Thick Freeport Coal Seams in Western Pennsylvania.Beacon Energy Corporation will contract with a qualified mining company that will utilize modern equipment and technologies, thus allowing Beacon Energy to secure the maximum amount of coal output using longwall methods of extraction. Beacon's consultants estimate that these rights will provide the company access up to 2.5 million tons of coal production during the extraction period. Read more...