SEATTLE, Nov. 9, 2012 /PRNewswire/ -- L&L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or "Company"), a Seattle-based company with a track record of profitable coal operations in China, announced that its Chairman and CEO, Dickson Lee, has loaned the Company $1 million to fund expansion of operations in China.
Mr. Lee's $1 million loan to the Company will be used to enhance L&L's logistical capabilities, which will increase the Company's capacity to fulfill larger contracts, such as the 360,000 ton contract recently signed with Datang Power, one of China's largest utilities.
Mr. Lee commented, "My confidence in L&L's success has never been higher. I am happy to loan the Company my personal funds, now and in the future if needed, to fuel its growth in way that minimizes dilution to our shareholders."
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