DENVER, Aug. 20, 2015 /PRNewswire/ -- (Nasdaq:
HNRG) Hallador Energy Company (Hallador) has been advised by
Yorktown Partners LLC ("Yorktown") that Yorktown Energy Partners
VII, L.P. distributed 700,000 shares (about 2% of the total
outstanding shares) of Hallador common stock to its limited and
general partners after the close of the stock market on
August 19, 2015. After
yesterday's distribution, Yorktown will collectively hold 7.85
million shares of Hallador common stock representing a 27%
ownership. Yorktown informed us that they have not made any
determination as to the disposition of their remaining shares.
We were also advised that the shares distributed can be
immediately sold.
While we do not know Yorktown's ultimate strategy to realize the
value of their investment, we expect that over time distributions
such as this will improve our liquidity and float.
Hallador is headquartered in Denver,
Colorado and through its wholly owned subsidiary, Sunrise
Coal, LLC, produces coal in the Illinois Basin for the electric power
generation industry. To learn more about Hallador or
Sunrise, visit our websites at www.halladorenergy.com or
www.sunrisecoal.com.
Logo - http://photos.prnewswire.com/prnh/20140701/123887
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/yorktown-energy-partners-vii-lp-distributes-700000-shares-of-hallador-energy-company-common-stock-300131139.html
SOURCE Hallador Energy Company