Compliance Energy Corporation (TSXV: CEC) – Positive pre-feasibility results - Cash and marketable securities alone account for $0.23 per share

Compliance Energy Corporation (TSXV: CEC) – Positive pre-feasibility results – Cash and marketable securities alone account for $0.23 per share

Investment Highlights

Pre-feasibility study (PFS) completed for the Raven underground coal mine on Vancouver Island. On a 100% basis, the pre-tax NPV at an 8% discount rate is $201.9 million. The pre-tax Internal Rate of Return is 20.7%.
Under the current conceptual plan, construction of infrastructure would begin in 2012, with the first shipment of coal commencing in 2013.
1.88 Mt of raw coal is to be processed on-site per year resulting in total average production of 0.83 Mt of saleable semi softmetallurgical and thermal middlings coal per year.