Lipari Energy, Inc.

March 31, 2011 21:22 ET

Lipari Files Audited Financial Statements

TORONTO, ONTARIO--(Marketwire - March 31, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR THROUGH U.S. NEWSWIRE SERVICES

Lipari Energy, Inc. ("Lipari") has filed its audited financial statements, Management Discussion and Analysis and Annual Information Form for the fiscal year ended December 31, 2010 on SEDAR (www.sedar.com). 

About Lipari:

Lipari is a thermal coal producer with current operations and additional development properties in the Central Appalachian region of the United States. Lipari has been a producer of coal since 2008 and has diversified surface and highwall mining operations. Lipari sells predominantly to utilities through a mix of forward contracts and short-term sales. Lipari's growth strategy includes continued growth of its organic reserves over the next five years through its enhanced drilling program, as well as from its focused and disciplined approach to strategic acquisitions.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; the price of crude oil and natural gas; and the results of current exploration. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Lipari disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact Information

  • Lipari Energy, Inc.
    John Liperote
    Chairman and CEO
    606-599-8227