Located in Ft. Worth, Texas, VHGI Holdings is a diverse company focused on opportunities within the healthcare technology industry and other endeavors. VHGI Coal, a subsidiary of VHGI Holdings, is a rising star in the coal mining industry. Today, the young company took a major step towards prominence with the announcement they have completed the acquisition of Lily Group Inc. and cored $13,000,000 debt financing.
Leading the way at VGHI Holdings is Doug Martin whom serves as the company’s CEO. In reference to this press release, Martin stated, “This is an important step in the development of our business plan. Our initial goal was to complete this transaction in our Q1 of 2012, which we have accomplished. Our next goal is to close additional debt financings for Lily Group in order to pay-off certain indebtedness, exploit current mining operations and possibly acquire other coal mining opportunities.”
Lily Group President Rick Risinger added, “This is exactly why we chose Mr. Martin and VHGI Coal to be our partners. They have the financial expertise and wherewithal to bring what we needed to develop our mine. We look forward to exploiting our opportunities at the Landree Mine, as well as other coal mining opportunities.”
Currently, VHGI Holdings in trading in the $0.70 range. To learn more about this story or the company as a whole, visit their corporate website at www.vhgiholdings.com
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