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QUEST MINERALS+MNG (WKN: A0M92C) Produktionsstart?
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PATERSON, N.J., Sept. 3, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced the appointment of James Duncan to its Board of Directors.
Since 2003, Mr. Duncan has been VAT Manager at Sempra Energy Europe, a leading multi-commodity trading company in Europe that transacts extensively in power (including emissions), gas, coal, and oil markets. He has also been a VAT Manager at a number of energy firms, including Williams Energy Marketing & Trading Europe Limited, Enron Europe, Ltd., and Louis Dreyfus Energy, Ltd.
From 2001 to 2004, Mr. Duncan worked with PricewaterhouseCoopers in the United Kingdom to recover VAT credits on behalf of Enron lendors from around the European Union. In that effort, Mr. Duncan recovered significant amounts of VAT for PricewaterhouseCoopers, which was ultimately distributed to Enron creditors.
Mr. Duncan has also previously worked at Ernst & Young and Wagstaffs Chartered Accountants. Mr. Duncan received his Bachelor of Arts in Accountancy from Stirling University in 1988.
Eugene Chiaramonte, Jr., President of Quest, commented, "We are extremely pleased to welcome James to the Quest Board of Directors. He brings a wealth of experience in both finance and accounting with him, which are areas upon which we can improve. He also has extensive knowledge and experience in the energy markets, and he will be an immediate, valuable, and contributing member of our Board."
It is anticipated that, upon establishment of an Audit Committee, Mr. Duncan will be appointed Chairman of the Audit Committee.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!
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weiss einer darüber mehr?
gruss yohm.
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QMIN.PK 0.0140 0.0000
Eugene Chiaramonte, Jr., President of Quest, commented, "I am pleased with the production reports of the last four days of mining at our Gwenco mining property. Even though we still have a few obstacles to overcome, we are now producing 800 to 1,000 raw tons per shift, and in the next couple of weeks we expect to reach our goal of 1,300 to 1,500 raw tons per shift as the height of the coal seam increases according to our core hole report indications. We also expect to have our third shuttle car underground this week, which will also increase production efficiency."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
gruss yohm
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Gwenco on Track to Emerge From Chapter 11 in the Fourth Quarter of 2009
PATERSON, N.J., Sep 16, 2009 (GlobeNewswire via COMTEX) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced that the U.S. Bankruptcy Court for the Eastern District of Kentucky confirmed the Plan of Reorganization for Quest's subsidiary, Gwenco, Inc., setting the stage for Gwenco's emergence from Chapter 11 in the fourth quarter of 2009.
At yesterday's hearing, the U.S. Bankruptcy Court Judge Joseph M. Scott, Jr. ruled that all the necessary requirements have been met for Gwenco to implement its Third Amended Plan of Reorganization. Secured and non-priority unsecured classes of creditors voted to approve the plan, with over 80% of the unsecured claims in dollar amount voting for the plan, and over 90% of responding lessors supporting it.
"This is a great day for Quest and Gwenco. In reaching our confirmation, we have accomplished a major goal of restructuring our company and creating a stronger Quest," said Eugene Chiaramonte, Jr., President of Quest. "As we emerge, the recapitalization of Gwenco will be complete. We have restructured the legacy debt, improved our liquidity, and stabilized the operations. Our emergence also coincides with several other positive steps we have recently undertaken, which include the expansion of our board of directors, our increase in customer orders, our installation of newer and more reliable coal-producing equipment, and the retention of additional experienced operational personnel. As a result of these efforts, we are now consistently producing increased amounts of coal in a more efficient manner, and we anticipate that our efficiency and production will continue to improve as we reach increased coal seams. I want to thank our customers, vendors, creditors, and stockholders for supporting the company through this challenging period."
The Plan of Reorganization will be filed as an exhibit to a current report on Form 8-K, which will be available via the SEC's EDGAR system at www.sec.gov. The Plan of Reorganization will also be available via the court's website at www.kyeb.uscourts.gov. Please note that a PACER password is required to access the documents via the court's website. Gwenco's bankruptcy case number is 07-10081.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
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SOURCE:
Quest Minerals & Mining Corp. |
(Name of Registrant as Specified In Its Charter) |
1) | Title of each class of securities to which transaction applies: |
2) | Aggregate number of securities to which transaction applies: |
3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing is calculated and state how it was determined.): |
4) | Proposed maximum aggregate value of transaction: |
5) | Total Fee Paid: |
1) Amount Previously Paid: _______________________________________ |
2) Form, Schedule or Registration Statement No.: _______________________________________ |
3) Filing Party: _______________________________________ |
4) Dated Filed _______________________________________ |
By Order of the Board of Directors, /s/ Eugene Chiaramonte, Jr. EUGENE CHIARAMONTE, JR. President |
Page | ||
Information Concerning the Action by Written Consent | 4 | |
The Proposals | 6 | |
Proposal 1 – Amendment to the Articles of Incorporation to Reduce the Par | ||
Value on our Common Stock from $0.001 to $0.0001 | 6 | |
Security Ownership of Certain Beneficial Owners and Management | 8 | |
Exhibit A – Amendment to Articles of Incorporation | A-1 |
· | each person who is known to be the beneficial owner of more than five percent (5%) of our issued and outstanding shares of common stock; |
· | each of our directors and executive officers; and |
· | all of our directors and executive officers as a group. |
Name And Address (1) | Number Of Common Shares Beneficially Owned | Percentage Owned (2) | Percentage of Total Voting Power (3) |
Eugene Chiaramonte, Jr. | 61,521,739 (4) | 5.05% | 91.70% |
All directors and officers as a group (1 person) | 61,521,739 (4) | 5.05% | 91.70% |
(1) | Unless otherwise noted, the address is 18B East 5th Street, Paterson, NJ 07524. |
(2) | Based on 15,526 common shares, 46,578,000 shares of series A preferred stock, 48,234 shares of series B preferred stock and 260,000 shares of series C preferred stock issued and outstanding. |
(3) | Holders of our common stock are entitled to one vote per share, for a total of 734,132,397 votes. Holders of our Series A preferred stock are not entitled to vote. Holders of our series A and B preferred stock are entitled to the number of votes equal to the number of whole shares of common stock into which the shares of class A and series B preferred stock held by such holder are convertible for a total of 46,758,000 and 12,500 votes respectively. Holders of our Series C preferred stock are entitled to the number of votes on such matters equal to the product of (a) the number of shares of the series C preferred stock held by such holder, (b) the number of issued and outstanding shares of the Company’s common stock, on a fully-diluted basis, as of the record date for the vote, or, if no such record date is established, as of the date such vote is taken or any written consent of stockholders is solicited, and (c) 0.000008, for a total of 13,309,376,456 votes. |
(4) | Includes (A) options to purchase 5,000,000 shares of our common stock and (B) shares issuable upon conversion of 260,000 shares of series C preferred Stock. Each share of series C preferred stock is convertible into that number of shares of common stock determined by dividing each share of series C preferred stock by 100% of the 5 day average closing price of our common stock for the day immediately preceding conversion. |
By Order of the Board of Directors /s/ Eugene Chiaramonte, Jr. Eugene Chiaramonte, Jr. President |
“The total number of shares which the Company shall have authority to issue is 2,525,000,000, consisting of 2,500,000,000 shares of common stock, par value $0.0001 per share (the “Common Stock”) and 25,000,000 shares of preferred stock, par value $0.001 per share (the “Preferred Stock”).” |
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!
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PATERSON, N.J., Sept. 24, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced that the company will submit an application to permit approximately 2 acres of their excess coal mining property for refuse storage.
"By having this extra space for rock disposal, the company can have the freedom to ship cleaner coal without hauling the excess refuse. This saves on shipping costs and boosts the recovery percentage. Hence, producing more efficient profits with less cost," said Eugene Chiaramonte, Jr., President of Quest.
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!
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Quest Minerals & Mining Announces Finalized Order of Confirmation On Subsidiary Gwenco's Plan of Reorganization
PATERSON, N.J., Oct. 2, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced that on September 30, 2009, the U.S. Bankruptcy Court Judge Joseph M. Scott, Jr., representing the Eastern District of Kentucky, entered the formal order of confirmation and, therefore, finalized the Plan of Reorganization for Quest's subsidiary, Gwenco, Inc., setting the stage for Gwenco's emergence from Chapter 11.
The Plan of Reorganization was filed as an exhibit to a current report on Form 8-K, which is available via the SEC's EDGAR system at www.sec.gov. Gwenco's bankruptcy case number is 07-10081.
Eugene Chiaramonte, Jr., President of Quest noted, "I would like to, once again, thank our customers, vendors, creditors, and stockholders for supporting the company through this challenging period."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Quest Minerals & Mining Corp. Eugene Chiaramonte 973-684-0035
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!
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8-K 1 v161974_8k.htm
Quest Minerals & Mining Corp. |
(Exact name of registrant as specified in its charter) |
Utah | 000-32131 | 87-0429950 |
(State or other jurisdiction | (Commission | (IRS Employer |
of incorporation) | File Number) | Identification No.) |
18B East 5th Street, Paterson, NJ | 07524 | |
(Address of principal executive offices) | (Zip Code) |
(Former name or former address, if changed since last report.) |
Item 5.02 | Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. |
Item 8.01 | Other Events. |
Item 9.01 | Financial Statements and Exhibits. |
(a) | Exhibits. |
10.1 | Third Amended Plan of Reorganization of Gwenco, Inc. |
QUEST MINERALS & MINING CORP. | ||
(Registrant) | ||
Date: October 2, 2009 | By: | /s/ Eugene Chiaramonte, Jr. |
Eugene Chiaramonte, Jr., President |
Source: SEC - Change in Directors or Principal Officers, Other Events, Financial S
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!
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![](http://www2.pic-upload.de/04.10.09/gl6wu4u8jy4s.png)
`:´ "Gentleman-Spekulant" `:´
http://www.ariva.de/news/attachments/...le_id=8847&resize=760x500
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PATERSON, N.J., Oct. 5, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky-based operator of energy and mineral related properties, today announced that it has once again put an additional set of employees to work on a second maintenance shift at their current mine location.
Eugene Chiaramonte, Jr., President of Quest, noted, "This new technically trained crew will focus on all minor and/or major repair issues between the day shifts. If there are no repairs needed, then this team has the expertise to mine coal as well, which allows for more fluid production with more output results. If all goes well, we anticipate initiating a third shift scenario, entailing two day shifts with the maintenance support at night."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.
CONTACT: Quest Minerals & Mining Corp.
Eugene Chiaramonte, Jr.
973-684-0035
Alles wie immer IMHO! Das ist nur "meine" Meinung und dient nicht als Kauf- oder Verkaufsempfehlung. Jeder handelt auf eigenes Risiko. AYOR!