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Soreide Law Group, PLLC, is a securities litigation firm that is committed to helping victims recover financial losses due to fraudulent or negligent conduct on behalf of stock brokers or financial advisors. We are able to represent investors nationwide in the handling of their securities... More
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Securities Lawyer Blog
    Feb 6, 2013 2:46 PM

    America West Resources, Inc. (AWSR trading at .02 cents per share as of 2/4/13), a domestic coal producer with mining operations in Central Utah, received approximately $5.2 million in gross proceeds from, John Thomas Financial, Inc., private placement offering. Through John Thomas the Company issued approximately 25.8 million restricted common shares and warrants to purchase 12.9 million common shares. The warrants have a five-year term and an exercise price of $0.30.

    The Company cited a growing demand for coal as one of the positive developments that have been occurring at America West Resources, coupled with its strong management team. Headquartered in Salt Lake City, Utah, America West Resources, Inc. is a domestic coal producer focused on the mining of compliant (low-sulfur) coal and its sale primarily to U.S. utility companies for use in generating electricity.

    Soreide Law Group has been contacted by several investors who allege that this investment was unsuitable for them in retirement and they did not meet the required accreditation status as required by Regulation D of the Securities Act.

    If you sustained significant losses in American West Resources through John Thomas Financial call (888) 760-6552 for a free consultation. or visit

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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