CORRECTING and REPLACING National Coal Corporation Closes $2.75 Million Private Placement.Business Editors CORRECTION...by National Coal Corporation KNOXVILLE, Tenn.--(BUSINESS WIRE)--Feb. 17, 2004 In BW5307 issued Feb. 17, 2004: The ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors in the first graph, first sentence of the release is incorrect. Corrected ticker should be: Pink Sheets: NLCP NLCP Navy Logistics Capability Plan NLCP New Life Pharmaceutical Corp. NLCP Network Layer Control Protocol sted Pink Sheets: NCLP NCLP National Contract Laboratory Program . The corrected release reads: NATIONAL COAL CORPORATION CLOSES $2.75 MILLION PRIVATE PLACEMENT National Coal Corporation (Pink Sheets:NLCP) announces today that it has completed the sale of 5,000,000 shares of the Company's common stock in a private placement, at a price per share of $0.55. The net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). to the Company were $2,750,000. There were no finder or placement fees associated with this transaction. Crestview Capital Master, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an entity controlled by Crestview Capital Funds, purchased 2,600,000 shares under the placement. This is Crestview's first investment with the Company. Proceeds of this offering will be used for corporate expansion and general corporate purposes. About National Coal Corporation Formed in early 2003, National Coal Corporation owns the coal mineral rights on a 65,000 acre tract located in Eastern Tennessee and is currently producing coal on this tract. Contact Robert Chmiel or Jon Nix, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. at 865-769-3749 or at investorrelations@nationalcoal.com for further information. www.nationalcoal.com. About Crestview Capital Funds Crestview Capital, an Illinois-based private equity fund, has in excess of $80 million under management and has completed over 70 investments since inception. www.crestviewcap.com. |
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