Tag Archives: Jim Justice

National Coal shareholders approve sale to Jim Justice

100110coal3.jpg.jpgIt’s official — National Coal Corp. shareholders on Thursday approved the sale of the Knoxville-based company to West Virgina businessman and coal baron Jim Justice.

Justice, who attended the University of Tennessee and graduated from Marshall University, will pay $1 per share, a 54 percent premium over National Coal’s closing price on Sept. 27, the day the sale was announced.

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National Coal being sold to investor


UPDATE: Links added for more news about West Virginia businessman Jim Justice.

National Coal Corp. has decided selling out is its best option.


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The Knoxville-based coal company on Tuesday said it is being sold to Ranger Energy Investments LLC for $1 per share of common stock.

The proposed sale price represents a 54 percent premium on National Coal’s closing price of 65 cents per share on Monday.

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