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Bitcoin Finance News Roundup - 25th May 2015

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27 May 2015 @ 10:46

Price news Bitcoin has been unusually steady the past two weeks, consistently trading within the $230-240 price range. Seven-day average price: $236.44 End of week market cap: $3.4 billion (Prices quoted according to Coindesk Bitcoin Price Index) In the bitcoin financial news over the last two weeks: Nasdaq’s Bitcoin Embrace In the news again, Nasdaq’s OMX is going to trial bitcoin’s blockchain as a platform for the issuance, transfer and management of private company securities. The idea is to disintermediate the clearance and settlement process, bringing investors better value and more transparency. Bob Greifield, the Nasdaq group’s chief executive even stated to the Financial Times that he wants Nasdaq to become “a leader in the field [of using the blockchain …

 

Looking 4 SunShine

27 May 2015 @ 06:15
Market Snapshot:  Drifting Lower The Stock- Picking  Performance so far……………….. Performance  Review on :  Wednesday 27th May on OMG!,Newsletters on ADVFN PLUS: Preview &Reviews PTCM- 7.5p –  Double growth; ETQ-  327p-  A niche premium ?   This Week… … GDP will be reported on Thursday and is expected to improve to 0.4% from the pre-election...
 

Highland completes 75% acquisition of Diversion Technologies

26 May 2015 @ 22:07
Completes Acquisition of a 75% interest in Diversion Technologies’ Patents Portfolio Highlands Natural Resources, the London listed oil and gas company, has announced that the agreement in respect to its all share acquisition of a 75% interest in Diversion Technologies’ current patent applications, in the US, UK, Canada and globally, has been signed. These patent applications cover a new well...
 

Triumph Bancorp to propose merger of subsidiary banks

26 May 2015 @ 21:56
Will it be a triumph? Triumph Bancorp (Nasdaq:TBK), the holding company for Triumph Community Bank, N.A. and Triumph Savings Bank, SSB, announced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year. The combined bank will continue doing business under their current names, Triumph Community Bank and Triumph Savings Bank, in their respective...
 

Metabolix to offer? 1-for-6 Reverse Stock Split?

26 May 2015 @ 21:53
Yes, they are. Metabolix, Inc. (Nasdaq:MBLX), an advanced biomaterials company focused on sustainable solutions for the plastics industry, announced today that it will effect a 1-for-6 reverse stock split previously approved by the Company’s stockholders at a special meeting held on October 30, 2014. The 1-for-6 reverse stock split will be effective as of the close of business on May 26...
 

Warren Resources to refinance with Franklin Square?

26 May 2015 @ 21:51
$250 million First Lien term loan, with $202.5 million of new funds – Exchange of $69.6 million of unsecured high yield notes for $47.2 million of first lien debt Warren Resources, Inc. (Nasdaq:WRES) today announced the closing of a $250 million strategic refinancing with funds sponsored by Franklin Square Capital Partners and sub-advised by GSO Capital Partners LP, the credit division...
 

Little Fish to Swallow Big Fish: Charter & Time Warner

26 May 2015 @ 17:50
The big conversation in the U.S. this morning is the announcement that Charter Communications, Inc. (NASDAQ:CHTR) has entered into an agreement to merge with its bigger rival Time Warner Cable, Inc. (NYSE:TWC) and a smaller rival, Bright House Networks. Bright House is not a publicly-traded company. Some seem to be stunned that Charter and TWC would even dream about entering into a deal just a...
 

Gazit-Globe acquires Norway's Sektor for EUR1.47bn

25 May 2015 @ 21:30
Chaim Katzman, Chairman of Gazit-Globe and Citycon: “This Transaction Strengthens the Position of Gazit-Globe as a Leader in the Global Shopping Center Industry” Gazit-Globe (NYSE:GZT) (TSX:GZT) (TASE:GZT), one of the world’s leading multi-national real estate companies focused on the management, acquisition, development and redevelopment of supermarket-anchored shopping...
 

Armadale Capital: Final results and gold production in Mpokoto details

25 May 2015 @ 21:21
Final Results Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has announced its final results for the year ended 31 December 2014. Highlights – Targeting low capex, low opex commercial gold production in H1 2016 at the Mpokoto Gold Project in the Katanga province of the south of the Democratic Republic of the Congo – In advanced...
 

Ferrex discuss near-term production and cashflow

25 May 2015 @ 21:16
Nayega Manganese Togo Update Ferrex plc, the AIM quoted manganese development and iron ore exploration company focused in Africa, is pleased to announce that its Definitive Feasibility Study for an accelerated start-up at its Nayega Manganese Project in northern Togo is complete and a maiden Ore Reserve has been defined. The project is held through its 85% owned subsidiary SGM SARL. This is a...
 

MINING, OIL AND GAS

Highland completes 75% acquisition of Diversion Technologies

26 May 2015 @ 22:07
Completes Acquisition of a 75% interest in Diversion Technologies’ Patents Portfolio Highlands Natural Resources, the London listed oil and gas company, has announced that the agreement in respect to its all share acquisition of a 75% interest in Diversion Technologies’ current patent applications, in the US, UK, Canada and globally, has been signed. These patent applications cover a new well...
 

Armadale Capital: Final results and gold production in Mpokoto details

25 May 2015 @ 21:21
Final Results Armadale, the AIM quoted investment company focused on natural resource projects in Africa, has announced its final results for the year ended 31 December 2014. Highlights – Targeting low capex, low opex commercial gold production in H1 2016 at the Mpokoto Gold Project in the Katanga province of the south of the Democratic Republic of the Congo – In advanced...
 

Ferrex discuss near-term production and cashflow

25 May 2015 @ 21:16
Nayega Manganese Togo Update Ferrex plc, the AIM quoted manganese development and iron ore exploration company focused in Africa, is pleased to announce that its Definitive Feasibility Study for an accelerated start-up at its Nayega Manganese Project in northern Togo is complete and a maiden Ore Reserve has been defined. The project is held through its 85% owned subsidiary SGM SARL. This is a...
 

Chris Oil Busy City Life and Bowleven

25 May 2015 @ 13:57
I have been keeping my head down and getting on with the job in hand after the national newspapers highlighted the events at a certain company. I hope to continue writing as a hobby with now limited time on my hands. However i still believe as a city investor & financial writer its my role to keep readers posted on whats happening this month in a general ADVFN article update. In early June...
 

GLOBAL NEWS

Highland completes 75% acquisition of Diversion Technologies

26 May 2015 @ 22:07

Completes Acquisition of a 75% interest in Diversion Technologies’ Patents Portfolio Highlands Natural Resources, the London listed oil and gas company, has announced that the agreement in respect to its all share acquisition of a 75% interest in Diversion Technologies’ current patent applications, in the US, UK, Canada and globally, has been signed. These patent applications cover a new well stimulation (fracking) diverter technology known as “DT Ultravert” which the Board believes represents a highly disruptive force in the market, and has the potential to create a transformational shift in the US$50 billion per year fracking industry. The Acquisition will complete on Admission of the new shares. DT Ultravert diverter technology enhances well output by directing hydraulic fracking fluids to …

 

Triumph Bancorp to propose merger of subsidiary banks

26 May 2015 @ 21:56
Will it be a triumph? Triumph Bancorp (Nasdaq:TBK), the holding company for Triumph Community Bank, N.A. and Triumph Savings Bank, SSB, announced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year. The combined bank will continue doing business under their current names, Triumph Community Bank and Triumph Savings Bank, in their respective...
 

Warren Resources to refinance with Franklin Square?

26 May 2015 @ 21:51
$250 million First Lien term loan, with $202.5 million of new funds – Exchange of $69.6 million of unsecured high yield notes for $47.2 million of first lien debt Warren Resources, Inc. (Nasdaq:WRES) today announced the closing of a $250 million strategic refinancing with funds sponsored by Franklin Square Capital Partners and sub-advised by GSO Capital Partners LP, the credit division...
 

Little Fish to Swallow Big Fish: Charter & Time Warner

26 May 2015 @ 17:50
The big conversation in the U.S. this morning is the announcement that Charter Communications, Inc. (NASDAQ:CHTR) has entered into an agreement to merge with its bigger rival Time Warner Cable, Inc. (NYSE:TWC) and a smaller rival, Bright House Networks. Bright House is not a publicly-traded company. Some seem to be stunned that Charter and TWC would even dream about entering into a deal just a...
 

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