PATERSON, N.J., Oct. 2, 2009 (GLOBE NEWSWIRE) -- Quest Minerals & Mining Corp. (Pink Sheets:QMIN) (Frankfurt:QMN9), a Kentucky based operator of energy and mineral related properties, today announced that on September 30, 2009, the U.S. Bankruptcy Court Judge Joseph M. Scott, Jr., representing the Eastern District of Kentucky, entered the formal order of confirmation and, therefore, finalized the Plan of Reorganization for Quest's subsidiary, Gwenco, Inc., setting the stage for Gwenco's emergence from Chapter 11.
The Plan of Reorganization was filed as an exhibit to a current report on Form 8-K, which is available via the SEC's EDGAR system at www.sec.gov. Gwenco's bankruptcy case number is 07-10081.
Eugene Chiaramonte, Jr., President of Quest noted, "I would like to, once again, thank our customers, vendors, creditors, and stockholders for supporting the company through this challenging period."
About Quest Minerals & Mining
Quest Minerals & Mining Corp., or Quest, acquires and operates energy and mineral related properties in the southeastern part of the United States. Quest focuses its efforts on properties that produce quality compliance blend coal. For more information on Quest Minerals & Mining Corp., please visit our website at www.questmining.net.
Forward-Looking Statements
This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Quest believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, lack of revenue producing operations, lack of working capital, debt obligations, judgments and lien claims against Quest and certain of its assets, difficulties in refinancing short term debt, difficulties identifying and acquiring complementary businesses, fluctuations in coal, oil & gas, and other energy prices, general economic conditions in markets in which Quest does business, extensive environmental and workplace regulation by federal and state agencies, other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission.