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Court Clears America West Resources to Tap Bankruptcy Financing

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Coal mine operator America West Resources Inc. received bankruptcy court approval to access $150,000 of its bankruptcy financing, funds that will allow the company to continue operating as it attempts to sell its assets, Dow Jones DBR Small Cap reported today. America West has secured a total of $845,000 in bankruptcy financing from Denly Utah Coal LLC, which has a 39 percent stake in the company.