L & L Energy (NASDAQ:LLEN)

SEATTLE, May 21, 2012 /PRNewswire/ -- L & L Energy, Inc. (NASDAQ: LLEN) ("L&L or the Company"), a U.S. company with a five-year track record of profitable businesses, announced today that over the next 12 months the Company plans to begin a discretionary stock buyback program, purchasing up to $10 million of outstanding LLEN shares from the open market.

 On May 18, 2012, LLEN shares closed at $1.38 representing an approximate 52% reduction in the Company's market value since April 5, 2012. During the same period, the Company's strategy and growth remains on track and the Company is not aware of any business reasons for the price decline.

In view of the perceived price and strength mismatch, the Company views it opportune to enhance the return to shareholders. Under the buyback all purchased stock will be retired, reducing the Company's outstanding shares and raising the attributable profit per unit to the shareholders.

The Company and insiders are currently prohibited from buying LLEN shares, as the Company's fiscal year has just ended on April 30, 2012. L&L's Audit Committee unanimously approved the Company's buyback and management is working with advisors to ensure all securities requirements are met prior to a repurchase and purchase by insiders, including the Company's founder, who has indicated a desire to acquire LLEN shares.

FOURTH QUARTER FY2012 Year end financial statements are currently being compiled and targeted for release in mid-July. Twelve months of earnings and operational profits from the recently sold Ping Yi Mine, attributable to FY2012, will be included in the year end results. The Company will incur no loss from the sales transaction. Source: PR Newswire (http://s.tt/1cp3O)

SEATTLE, Aug. 29, 2011 /PRNewswire/ -- L & L Energy, Inc. (Nasdaq: LLEN) ("L&L" or the "Company"), a U.S. based company since 1995 with coal mining and distribution businesses in China, today announced that the Company's Chairman and CEO, Dickson Lee, has converted $420,000 of his prior loan to the Company into LLEN common stock at $8.50 per share.  The closing price of LLEN common stock on Friday, August 26th was $3.42. The loan was made in early 2011 to support the funding of Bowie mine. 

Mr. Clayton Fong, Executive Vice President of L&L commented, "Mr. Lee's conversion of his personal loan into LLEN shares at $8.50 has received endorsement from the Company's Board Directors. The large conversion premium displays Mr. Lee's confidence in the company.  I share his belief that LLEN's current market capitalization does not reflect the value of our operations, and it substantially discounts the tremendous growth opportunities in Guizhou Province's coal consolidation."