L&L on Track for Taiwan TDR Issuance PR Newswire SEATTLE, Aug. 5, 2013 SEATTLE, Aug. 5, 2013 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or the "Company"), a U.S.-based company with profitable energy (coal) operations in China, announced today thatits Taiwan Depository Receipt issuance ("TDR") is moving forward on schedule.The TDR isto providecapital forL&L's growth, and inmanagement's view,will be accretive to shareholders. Last week,L&L helda joint kick-off meetingin Taiwan to discuss strategy and ensure a coordinatedTDR effortamongits underwriter, Taishin Securities ("Taishin"), its auditor, KPMG (Taiwan), and its legal advisor, ChiehYeh Law Firm, a prestigious Taiwan firm. Following the kick off meeting,Taishin has begun analyzing theCompany's energy market and customer portfolios, while KPMGis conductingits final independent review of the Company's audited financial statements ended April 30, 2013. KPMG hasissued its unqualified opinions and endorsed L&L's 2012 and 2011financial statements. The current timetablecalls forclearingaprospectus and completing theTDR placementby the end of calendar 2013. L&LChairman and CEO Dickson Lee commented, "I ampleased with the TDRprogress. As part of our due diligence Taishin brought to our attention that companies listed on the Taiwan Stock Exchange generally issue cash dividends each year. IfL&L adoptsTaishin's advice toissuean annual cash dividend,we are optimistic that the TDR could benefit allUS shareholders. We will considerTaishin's advice as we move this project forward." Forward Looking Statements The statements containing words that are not historical fact, including statements related to the Company's future performance, are within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of uncertainties. Actual results of the future events described in this document could differ materially. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Contacts: IR L&LEnergy Inc. (206)-264-8065 firstname.lastname@example.org SOURCE L & L Energy, Inc. Website: http://www.llenergyinc.com
L&L on Track for Taiwan TDR Issuance
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