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MAZUMA CAPITAL FUNDS $5 MILLION TO ONE OF COUNTRY’S LARGEST COAL COMPANIES // 06 July 2014

Draper, Utah – Mazuma Capital, a leading national direct lender, announces today it has approved a $5 million transaction for a large Appalachian coal company. The NYSE-listed company has billions of tons of rich deposits and active mining complexes in numerous states.

The climate for financing commodity-base companies is solemn–prospects are even more uncertain for coal producing companies. Underground mining equipment makes some financing companies all the more reluctant. Price volatility of commodities over the past few years has made lending institutions indecisive on leasing commitments. Additionally, apprehension over legislative or regulatory changes represent a residual concern.

However, progressive underwriters know the standing of this energy staple to the United States. Clean coal technologies such as coal gasification and carbon sequestration represent an energy bonanza for America where experts estimate we may have a 300 year reserve of fuel.

“Our underwriters were able to take an objective view of the industry and the lessee without deviating from their core requirements. Where some hesitated because the collateralized equipment is deployed underground, our team saw a vibrant company with massive resources, excellent cash flow, and a track record of environmental sensitivity,” said Executive Vice President of Sales for Mazuma Capital, Matt Burrows.

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