(NewsUSA) – An Indiana coal company needed to find its own supply of energy before it could provide Indianapolis Power and Light with the ability to run a city. Lily Group found that energy in the form of funding from financial instruments called TIGRcubs.
That funding will keep the lights on for NFL quarterback Andrew Luck and his team, the Colts, as well as over a million residents in the Indianapolis Metro area.
To fuel Indianapolis Power and Light, Lily Group used funding from their TIGRcub security structure to acquire the Landree Mine in Green County, Indiana. Landree Mine gives them access to 2,800 new acres of high-quality bituminous coal.
Rick Risinger, CEO, says now that Lily Group has acquired another coal reserve, they have plans already underway to expand Landree Mine. Since coal still plays a key role in generating electricity worldwide, Lily presented an attractive offer for TIGRcubs, or Top Line Income Generation Rights Certificates.
“If you’re new to TIGRcubs, it’s a 10-year-old start up of Entrex, an entrepreneurial exchange built to support the capital needs of growing companies,” explains Stephen H. Watkins, CEO of Entrex. “We offer another option when the public market can’t support thinly traded companies that have a limited number of interested investors.”
It doesn’t hurt that coal-fired power plants still produce at least 40 percent of the world’s electricity. Since the cost of mining hasn’t significantly changed, the market looks promising — especially when major utility companies are showing interest in Lily Group.
Due to Landree Mine’s unique positioning in a thicker seam, they anticipate low production costs and no heavy upfront cost. Plus, once you consider the increased output from Landree’s expansion plans, the mine will be profitable at competitive prices.
Expansion or no, Landree Mine has almost 3,000 acres of coal ready for extraction. This will likely be put toward the huge contract with Indianapolis Power and Light, a contract which is only expected to grow. But, with some help from Entrex and TIGRcub securities, Lily Group will grow along with it to meet the increasing energy demands with ease.
Learn more at www.entrex.net.