Nerox in Talks to Sell Alaska Coal Mine
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Nerox Energy Corp. said Monday it is negotiating to sell its Jonesville, Alaska, coal mine to Usibelli Coal Mines.
Irvine-based Nerox said the sale will leave the company debt-free while providing as much as $1 million in cash and a potential royalty income stream.
Nerox Energy said the sale also would allow it to implement a corporate strategy to diversify into software, media and entertainment.
Nerox Energy is a holding company with interests in oil, natural gas, coal and power plant development.
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