Market Overview

Evergreen Energy Announces At-The-Market Equity Offering Program


Evergreen Energy Inc. (NYSE: EEE) has entered into a Sales Agency Agreement, dated August 24, 2011, with Lazard Capital Markets LLC, under which it may, at the Company's discretion, from time to time sell up to a maximum of $10 million of its shares of common stock through an "at-the-market" program.

Ilyas Khan, Evergreen Energy Chairman, commented, “The ATM Program provides Evergreen with necessary working capital and is tailored appropriately to our needs. The facility gives the Company both discretion and flexibility in addressing those financing needs, while addressing concerns about our balance sheet requirements. We are once again pleased to be working with Lazard, as our agent and advisor in the transaction. I would also advise that we continue to look forward to the anticipated proceeds from the sale of the assets of our subsidiary, Landrica Development Company, and potential proceeds from the sale of the boiler, which we are currently marketing for sale.”


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