Cline Mining Announces Bond Interest Default

Cline Mining Corporation ("Cline" or the "Company") (TSX:CMK) announced today that it was unable to make the semi-annual payment of interest in the amount of US$2,500,000 that was due on December 17, 2012 on its outstanding US$50,000,000 principal amount of 10% senior secured bonds.  The Company has been in discussions with Marret Asset Management Inc., which represents the bondholders, and is considering the options available to the Company.

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CORAL SPRINGS, FL--(December 4, 2012) - FinancialNewsMedia.com "stocks to watch" for today:  VSUS Technologies, Inc. (OTCQB: VSUT), Pub Crawl Holdings, Inc. (OTCQB:PBCW), National Graphite Corp, (OTCQB: NGRC), Galena Biopharma, Inc. (NASDAQ:GALE)

News Alert issued for (OTCQB:VSUT): VSUS Technologies Inc. Announces Retirement of Debt and Board Resignations

Headline News:  VSUS Technologies Inc. (OTCQB: VSUT) announced today before the markets open for trading it has retired significant company debt.  The Company is also announcing the resignation of two officers.

Read more: Market Talk: Active Stocks on Trader's Radar Screen: VSUT, PBCW, NGRC, GALE

Xinergy Ltd. receives new US $20 million financing commitment

Xinergy Ltd., (TSX:XRG) ("Xinergy" or the "Company"), a Central Appalachian coal producer, announced today that it has secured a US $20 million financing commitment from affiliates of Bayside Capital Inc. ("Bayside") on behalf of various funds under its management ("Lenders"), replacing a commitment previously obtained by the Company on July 27, 2012. The financing commitment contemplates a US $20 million first lien senior secured term loan facility that the Company can draw in two tranches of $10 million each, bearing interest at a rate of 9.875% per annum and having a four year term.

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L&L to Finalize Acquisition of Two (2) New Mines, Expanding Coal Production

L & L Energy, Inc. (NASDAQ: "LLEN") ("L&L" or "Company"), a Seattle-based company with a track record of profitable coal operations in China, announces that it expects to finalize the acquisition of two new mines, the LuoZhou Mine ("LuoZhou") and LaShu Mine ("LaShu"), in the next 30 days.

Both LuoZhou and LaShu are newly constructed mines located in HeZhang County, Guizhou Province China, near L&L's Weishe Mine. The two mines produce low sulfur, high BTU, anthracite coal with approximately 34.2 million tons of combined coal reserves. LuoZhou has 27 million tons of reserves and in accordance with the newly adopted mining standards set by government, has completed its trial production.

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Cline Mining Announces Modification to Mining Schedule

Cline Mining Corporation ("Cline Mining" or the "Company") (TSX: CMK) announces today that as part of its ongoing mine plan review process, intended to maximize short-term production values and ensure the viability and NPV growth of the New Elk coal mine ("New Elk") (see Cline press release dated July 3, 2012), the Company will be temporarily suspending production at New Elk to manage costs. Cost efficiency, the preservation of the Company's financial condition and achieving sustainable sales contracts remain a priority for the Company.

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