New York capital procurement specialist secures investment on behalf of West Virginia-based energy resources company.
A prominent New York City capital procurement specialist, Jeffery Steven Stone has recently secured a $1,750,000 private investment on behalf of Phoenix Energy Resources, LLC, located in West Virginia. The Princeton-based firm, he explains, is focused on mining—specifically surface and underground coal mining—as well as oil and gas extraction, and quarrying.
Securing the $1,750,000 private investment on behalf of Phoenix Energy Resources, LLC, capital procurement specialist Stone is a Managing Partner at New York City’s Eurasian Capital, LLC.
Eurasian Capital, LLC invests and co-invests on a principal basis in an agency capacity to procure institutional capital for predominantly small-cap companies. “We are committed to providing our clients with an uncompromising level of service to assist them in achieving both their immediate and long-term objectives,” adds Stone of operations at the firm, headquartered at One World Trade Center in New York City.
The mining industry is critical to the economy and well-being of the state of West Virginia. Coal, in particular, occurs in 53 of West Virginia’s 55 counties, directly supporting an estimated 30,000 jobs in the state, including miners and mine contractors, coal preparation plant employees, and mine supply company workers.
“West Virginia leads the United States in coal production,” reveals Stone, “producing approximately 150 million tons annually.”
The capital procurement specialist also goes on to reveal that taxes attributed to West Virginia coal currently account for over 60 percent of business taxes paid in the state.
“The private investment secured on behalf of Phoenix Energy Resources,” he adds, wrapping up, “represents an excellent result, both for the business itself, and for me personally and the whole team at Eurasian Capital.”
Jeffery Steven Stone is a managing partner at New York City-based Eurasian Capital, LLC, responsible for trading the firm’s proprietary capital. Further to overseeing the organization’s selection analysis and daily investment affairs, principal activities entail utilizing a platform of hedging strategies. These include quantitative-driven swing trading, covered call writing, and pair trading activity. Stone also oversaw and secured finance for the development of the firm’s proprietary algorithmic trading software, entailing detailed mathematical modeling, operational research, probability theory, and numerical analysis.
To find out more about Jeffery Steven Stone or to get in touch, please visit https://www.linkedin.com/in/jeff-stone-5118b011a/.