KNOXVILLE, TENNESSEE--(Marketwired - Nov. 4, 2013) - Xinergy Ltd., (TSX:XRG) ("Xinergy" or the "Company"), a U.S. Central Appalachian coal producer, announced today the resignation of directors Stephen Loukas and Jay Thornton, and a reduction in Board size to four members.
Loukas and Thornton, who have served on the Board since 2012, have resigned from the Board to pursue other professional interests. "Steven and Jay have contributed substantially to our Board during their tenure, helping guide the Company through a challenging market environment and its transition to a metallurgical coal focus" stated Todd Q. Swanson, Chairman of the Board of Xinergy. "We thank them for their commitment and efforts, and wish them well in their future endeavors."
The Board now has four members: Todd Swanson (Chairman), Justin Converse, Bob Metcalfe and Bernie Mason (CEO).
About Xinergy Ltd.
Headquartered in Knoxville, Tennessee, Xinergy Ltd., through its wholly owned subsidiary Xinergy Corp. and its subsidiaries, is engaged in coal mining in West Virginia and Virginia. Xinergy sells high quality thermal and metallurgical coal to electric utilities, steelmakers, energy trading firms and industrial companies. For more information, please visit www.xinergycorp.com.
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