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RAMACO RESOURCES RELEASES CLASS B COMMON STOCK INVESTOR BRIEFING AND INVESTOR PRESENTATION
LEXINGTON, Ky., June 8, 2023 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, "Ramaco" or the "Company"), a leading operator and developer of
About this update from Ramaco Resources, Inc.
[{"type":"text","content":"LEXINGTON, Ky., June 8, 2023 /PRNewswire/ -- Ramaco Resources, Inc. (NASDAQ: METC, \"Ramaco\" or the \"Company\"), a leading operator and developer of high-quality, low-cost metallurgical coal, today released a recorded Class B common stock Investor Briefing (the \"Briefing\") and an accompanying slide deck (the \"Deck\").\nThe prepared remarks in the Briefing and the accompanying Deck are intended to provide investors with detailed information regarding the Company's previously announced special meeting (the \"Special Meeting\") scheduled to occur on June 12, 2023 at 11:00 a.m. E.T. to seek approval of the stockholder proposal (the \"Charter Amendment Proposal\") to amend and restate the Company's amended and restated certificate of incorporation, to, among other things (1) reclassify the Company's existing common stock as shares of Class A common stock, par value $0.01 per share (\"Class A common stock\"), (2) create a separate class of common stock, the Class B common stock, par value $0.01 per share (\"Class B common stock\"), and (3) provide the Company's Board of Directors the option, in its sole discretion, to exchange all outstanding shares of the Class B common stock into shares of Class A common stock based on an exchange ratio determined by a 20-day trailing volume-weighted average price for each class of stock.\nIf you have any questions regarding the proposed Class B common stock, please submit those questions to [email protected]. On or around June 12, 2023, the Company expects to make publicly available its written responses to the more common questions submitted by investors. \nAbout Ramaco Resources, Inc.\nRamaco Resources, Inc. is an operator and developer of high-quality, low-cost metallurgical coal in southern West Virginia, southwestern Virginia and southwestern Pennsylvania. Its executive offices are in Lexington, Kentucky, with operational offices in Charleston, West Virginia and Sheridan, Wyoming. The Company currently has three active mining complexes in Central Appalachia and one mine not yet in production near Sheridan, Wyoming. Contiguous to the Wyoming mine, the Company operates a research and pilot facility related to the production of advanced carbon products and materials from coal. In connection with these activities, it holds a body of roughly 50 intellectual property patents, pending applicat...