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Tom Frew

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...
 

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...
 

Drilling results announced for Bacanora's Sonora lithium project

24 May 2015 @ 00:53
La Ventana Drilling Results, Sonora Lithium Project Mexico Bacanora, the Canadian and London listed (TSX-V:BCN) and (LSE:BCN) lithium and borates company focussed on Mexico,is very pleased to announce assay results from a total of 2,946 metres of drilling in 22 holes recently completed on its wholly-owned La Ventana concession, as well as one hole drilled on the Fleur concession. Both...
 

Plutus PowerGen secures new contracts

24 May 2015 @ 00:51
Management Contract Awarded for Fifth 20MW Project Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the UK, has announced that it has been awarded two further management contracts, for the construction and operation of 20MW flexible stand-by electricity plants, by Precise Energy Limited and...
 

MX Oil to seek non-Mexican investments?

24 May 2015 @ 00:49
Potential Investment and Trading Update MX Oil plc, the AIM quoted oil and gas investment company, has announced that besides its focus on Mexico, it is considering a number of near term, cash generative investments in geographies outside of the Americas that could assist in funding the work programmes of its target Mexican assets. However, against this background, it can confirm that it...
 
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