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Xinergy Ltd.

11:39 AM EST - Xinergy Ltd. : announced that its wholly-owned subsidiary, Xinergy of Virginia, Inc. has acquired True Energy, LLC, an active high-volatility metallurgical surface mining operation in south-western Virginia. The aggregate purchase price for True Energy was $18 million cash. Xinergy Ltd. shares T.XRG are trading up $0.03 at $4.75.