Media Sciences Reports Annual Financial Results, Cost Reduction Plan, Litigation Settlement and Debt Financing Sep 25, 2008
25 million convertible debt financing with MicroCapital Fund, LP and MicroCapital Fund, Ltd. The company intends to use the proceeds to fund the capital expenditure and working capital requirements of its China based manufacturing operations ... 25 million convertible debt financing with MicroCapital Fund, LP and MicroCapital Fund, Ltd. ("MicroCapital"). (PR Newswire)
AAR Reports Record First Quarter Results Sep 17, 2008
09 Shares outstanding 38,745 38,773 Sales By Business Segment Three Months Ended (In thousands - unaudited) August 31, 2008 2007 Aviation Supply Chain $153,514 $142,708 Maintenance, Repair aul 86,310 62,647 Structures and Systems 116,769 76,498 Aircraft Sales and Leasing 3,311 24,107 $359,904 $305,960 Gross Profit By Business Segment Three Months Ended (In thousands - unaudited) August 31, 2008 2007 Aviation Supply Chain $35,397 $31,964 Maintenance, Repair aul 12,753 8,040 Structures and Systems... (PR Newswire)
AVP, Inc. Announces Completion of $3.5 Million Financing and Hiring of New COO/CFO Sep 10, 2008
8 million in aggregate principal amount of the Company's convertible debt, convertible into common stock at ... Interest earned on the convertible debt represents a liquidation preference and is payable only upon a liquidation event. (Yahoo! Wire -- Entertainment News)
Tata Communications Launches Global Content Delivery Network Service Powered By BitGravity Sep 8, 2008
We chose to work with BitGravity because it has the best architecture and technology to deliver high quality content and video," said Vinod Kumar, Chief Operating Officer, Tata Communications. "Together, Tata Communications and BitGravity's capabilities are a formidable force to deliver high quality content and video. " Tata Communications' next-generation CDN service, powered by BitGravity's technology, delivers the highest performance and reliability in the industry while providing immediate... (Canada Newswire)
Shanda Reports Second Quarter 2008 Unaudited Results Sep 3, 2008
8 Amortization of convertible debt issuance cost -4. 5 -- -- -- Investment income 189. (Yahoo! Wire -- Entertainment News)
GPS Industries Announces Second Quarter 2008 Financial and Operating Results Aug 20, 2008
Coincidental with his hire, GPSI closed a convertible debt financing of $5 ... 5M of convertible debt financing from Tulip Investment Group Ltd. -- On June 16, 2008 GPSI hired David Chessler as Chief Executive Officer. (PR Newswire)
Mesa Air Group Reports Third Quarter 2008 Revenues and Earnings Aug 19, 2008
9 million gain on convertible debt, $1. 3 million gain from a settlement made with Big Sky on the return of aircraft, a $1. (PR Newswire)
Fortis Reports Second Quarter Earnings of $29 Million Aug 8, 2008
The number of Common Shares of Fortis that would be issued if all outstanding share options, convertible debt and First Preference Shares, Series C and E were converted as at August 7, 2008 is as follows ... 2 -------------------------------------------------------------------------- Convertible Debt 1. (CCNMatthews Press Releases)
CDC Corporation Reports Q2 2008 Results that Exceed Analyst Expectations with Adjusted Net Income of $0.04 per share Compared to Consensus of $0.01 per share Aug 8, 2008
"Second Quarter Highlights: Total revenue for CDC Software for Q2 2008 was an all-time record for the CDC Software division, with revenue of (U.S.)$96.1 million, an increase of 9 percent from (U.S.)$88.4 million in Q2 2007. Organic growth at CDC Software was up approximately 3 percent compared to the same quarter last year. Recurring maintenance revenue was (U.S.)$26.8 million, up 29 percent compared to Q2 2007. License revenue was (U.S.)$14.8 million, an increase of 21 percent from Q1 2008, or... (Yahoo! Wire -- Entertainment News)
Alesco Financial Inc. Announces Second Quarter 2008 Financial Results Aug 6, 2008
Indebtedness The following table summarizes our total indebtedness (including recourse and non-recourse indebtedness) as of June 30, 2008 (dollars in thousands): Amortized Cumulative Change Carrying Description Cost in Fair Value Amount Non-recourse indebtedness: Trust preferred obligations (1) $382,600 $(160,257) $222,343 Securitized mortgage debt 888,920 - 888,920 CDO notes payable(2) 8,471,370 (4,080,294) 4,391,076 Warehouse credit facilities 130,687 - 130,687 Total non-recourse indebtedness... (PR Newswire)
National Financial Partners Announces Stock Grant Aug 6, 2008
Factors that could cause actual results to differ materially from those contemplated by a forward-looking statement include: (1) NFP's success in acquiring high quality independent financial services distribution firms, (2) the performance of NFP's firms following acquisition, (3) competition in the business of providing financial services to high net worth individuals and companies, (4) NFP's ability, through its operating structure, to respond quickly and effectively to regulatory, operational... (PR Newswire)
Ambassadors International, Inc. Reports Results for the Second Quarter 2008 Jul 30, 2008
1 million in interest expense related to our convertible debt and $0 ... 2 million in interest expense related to our convertible debt and $1. (PR Newswire)
XOMA Announces Departure of CFO Jul 28, 2008
Under David's leadership, XOMA strengthened its balance sheet by eliminating all convertible debt and put in place an innovative financing structure that provided cash on a non-dilutive basis. David also played a key role in growing XOMA's revenues to $84 million last year. (Primezone Releases)
STMicroelectronics Reports 2008 Second Quarter and First Half Revenues and Earnings Jul 23, 2008
04 nominal value, 1,200,000,000 shares authorized, 910,307,305 shares issued, 896,245,351 shares outstanding) 1,156 1,156 1,156 Capital surplus 2,145 2,131 2,097 Accumulated result 4,736 5,190 5,274 Accumulated other comprehensive income 1,593 1,635 1,320 Treasury stock -273 -274 -274 Shareholders' equity 9,357 9,838 9,573 Total liabilities and shareholders' equity 15,053 15,334 14,272 STMicroelectronics N.V. CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended Six Months Ended June 28, June... (PR Newswire)
Nabors 2Q 2008 EPS $0.67 Despite ($0.06) from Tax Adjustment, Share Count and E&P Hedging Loss Jul 23, 2008
"Our expectations for 2009 are increasing although we will be subject to a recent non-cash, non-operational, accounting rule change regarding convertible debt which will effect our net income and earnings per share starting with the beginning of 2009. This rule will require us to record non-cash interest expense on our 0.94% coupon convertible debt due 2011 in an amount equal to the extent that the actual coupon represents a discount to our estimated borrowing rate for conventional debt at the... (PR Newswire)
Timberline Provides Update On SMD Acquisition and Other Corporate Activity Jul 16, 2008
Timberline also previously announced that it expected to finance the initial cash payment and working capital requirements for SMD with a combination of equity and convertible debt securities. In recognition of the current market environment, the Company provides the following update. (Primezone Releases)
Cameron Prices $750 Million of Senior Notes Jun 24, 2008
Cameron intends to use the net proceeds from the offering for general corporate purposes, which may include acquisitions, repurchases or conversions of its common stock and convertible debt securities, additional working capital needs, capital expenditures and repayment and refinancing of other indebtedness. J.P. Morgan Securities Inc., Morgan Stanley and UBS Investment Bank are acting as joint book-running managers for the senior notes offering. (PR Newswire)
Central European Media Enterprises Wins the Treasury Today Adam Smith Award for Best Practice and Innovation for CME's 2008 Convertible Financing Jun 21, 2008
Michael Garin, CME's Chief Executive Officer, commented: "Our recent convertible debt offering in March 2008 was an incredible performance in abysmal market conditions and again demonstrated the ability of our Treasury and Legal teams to deliver an innovative transaction under intense pressure. I am extremely pleased that their efforts and professionalism have been recognized and acknowledged.". Richard Parkinson, Managing Director of Treasury Today said: "The judging criteria for these awards... (Yahoo! Wire -- Entertainment News)
GPS Industries Appoints David Chessler as CEO Jun 20, 2008
Raises Additional Financing in Convertible Debt Financing. VANCOUVER, British Columbia, June 19 /PRNewswire-FirstCall/ -- GPS Industries, Inc. (GPSI) (OTC Bulletin Board: - ), the only provider of Wi-Fi powered, advertising enhanced GPS systems for golf facilities, resorts and residential communities, announces that it has appointed David Chessler as Chief Executive Officer effective June 16, 2008 and has significantly improved the liquidity of the Company as part of our re-financing plan. (Yahoo! Wire -- Entertainment News)
Thornburg reports $3.3 billion Q1 loss Jun 13, 2008
"While the proposed recapitalization came at a high cost to existing shareholders, our board of directors considered multiple alternatives to this transaction, which the board of directors concluded to be unavailable, insufficient to pay all margin calls and provide sufficient reserves to cover additional margin calls, insufficient to satisfy the conditions of the override agreement, or even more dilutive to shareholders than the completion of the financing transaction, including financing... (New Mexico Business Weekly, NM)
EnerSys Reports Fourth Quarter and Fiscal Year 2008 Results Jun 12, 2008
"These planned refinancing transactions will strengthen our capital structure by adding senior unsecured convertible debt and a new senior secured debt facility that matures in 6 years", said Mr. Craig. "This new debt will lower our cash interest expense and continue to provide us with operational flexibility and adequate liquidity to grow our business". (PR Newswire)
School Specialty Reports Record Fiscal 2008 Results Jun 12, 2008
001 par value per share, 150,000,000 authorized and 23,631,135 and 23,310,461 shares issued, respectively 24 23 Capital paid-in excess of par value 380,073 367,068 Treasury stock, at cost - 4,922,610 and 2,126,121 shares, respectively (171,387) (76,508) Accumulated other comprehensive income 25,158 17,763 Retained earnings 244,820 204,199 ---------- ---------- Total shareholders' equity 478,688 512,545 ---------- ---------- Total liabilities and shareholders' equity $1,117,327 $1,110,879... (Primezone Releases)
Stewart Enterprises Reports a 15 Percent Earnings Per Share Increase for the Second Fiscal Quarter of 2008 Jun 10, 2008
In May 2008, Financial Accounting Standards Board Staff Position No. APB 14-1, "Accounting for Convertible Debt Instruments That May be Settled in Cash upon Conversion (Including Partial Cash Settlement)" ("FSP No. APB 14-1") was issued. This opinion is effective as of the beginning of an entity's first fiscal year beginning after December 15, 2008, which corresponds to the Company's fiscal year beginning November 1, 2009, and must be applied retrospectively to all periods presented. (Primezone Releases)
New Delhi Dealmaking Jun 4, 2008
They offer limited downside protection because optionally convertible "preference shares" (akin to preferred stock) and most optionally convertible debt structures (including U.S. dollar-denominated offerings) require prior regulatory approval. Accordingly, private equity investors typically make minority investments through equity investments with put-call rights to existing shareholders (usually management, called "promoters" in India) and buybacks by the company over time. (Law.com)
Canterbury Park Acquires Shares in Paragon Pharmacies Limited May 27, 2008
As a result of the acquisition, Canterbury now is deemed to own 36,860,250 Shares, representing 48% of the issued and outstanding Shares, calculated as if the warrants held by Canterbury were fully exercised and the convertible debt was fully converted. Canterbury and Paragon entered into a number of agreements as a result of the Notes, including: a Board Representation Agreement, whereby Canterbury has the right to nominate up to five out of ten members of Paragon's board, depending on how much... (CCNMatthews Press Releases)
Lotus Pharmaceuticals, Inc. Announces First Quarter 2008 Results May 22, 2008
02 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 42,035,958 41,280,000 Diluted 47,783,076 44,280,000 LOTUS PHARMACEUTICALS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, December 31, 2008 2007 (Unaudited) ASSETS CURRENT ASSETS: Cash $ 3,589,377 $ 4,557,957 Accounts receivable, net of allowance for doubtful accounts and sale returns 21,344,090 20,430,827 Inventories, net of reserve for obsolete inventory 6,782,982 3,410,739 Prepaid expenses 461,381 1,009,382 Deferred debt costs... (PR Newswire)
Integra LifeSciences Reports 2007 Financial Results and Appointment of Chief Financial Officer May 18, 2008
Three Months Twelve Months Ended Ended December 31, December 31, --------------------------------- 2007 2006 2007 2006 --------------------------------- Acquisition-related charges 6,831 903 9,701 12,093 Charges associated with convertible debt exchange offer -- -- -- 1,879 Charges associated with termination of interest rate swap -- -- -- 1,425 Employee termination and related costs (131) 693 (160) 1,114 Facility consolidation, manufacturing and distribution transfer and system integration... (Primezone Releases)
China Wind Systems, Inc. Reports First Quarter 2008 Results May 16, 2008
02 WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic 37,484,504 36,577,704 Diluted 37,484,504 36,577,704 CHINA WIND SYSTEMS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, December 31, 2008 2007 (Unaudited) ASSETS CURRENT ASSETS: Cash and cash equivalents $2,580,723 $5,025,434 Accounts receivable, net of allowance for doubtful accounts 3,539,495 2,158,412 Inventories, net of reserve for obsolete inventory 3,171,362 1,929,796 Advances to suppliers 649,745 938,331 Prepaid expenses and... (PR Newswire)
Vaxgen Files 10-Q for First Quarter With SEC, Provides Future Burn Rate Guidance May 15, 2008
Interest payments associated with the outstanding convertible debt at approximately 15% of monthly expenditures. "With the completion of the most recent reduction in force, we have concluded those significant cost-reduction measures that are under the Company's sole control," said James P. Panek, VaxGen President and CEO. "While we continue to explore every avenue to reduce costs, a further significant reduction will be a function of the resolution of our efforts to sell the manufacturing plant... (PR Newswire)
Advantage Announces 1st Quarter Results 2008 May 15, 2008
The depletion, depreciation and accretion ("DDovision has increased 20% for the three months ended March 31, 2008 compared to 2007 due to considerable increases in daily production volumes, mainly from the Sound acquisition. On a per boe basis, DDonly increased 4% as increases in our fixed assets from prior acquisitions and development activities have resulted in proved reserve additions similar to prior experience. We evaluate the recoverability of our petroleum and natural gas assets each... (PR Newswire)
GPC Biotech Reports Financial Results for First ... May 15, 2008
Diluted net loss per ordinary share is computed using the weighted average number of ordinary and dilutive ordinary equivalent shares from stock options and convertible debt where the dilutive effect of options and warrants was calculated using the treasury stock method. For all periods presented, diluted net loss per share is the same as basic net loss per share, as the inclusion of weighted average shares of ordinary stock issuable upon the exercise of stock options and convertible debt would... (Fox News)
HydroGen Corporation Reports Results for the Fiscal 2008 First Quarter May 15, 2008
12,770 12,770 Additional paid-in capital 43,540,416 43,180,779 Deficit accumulated during the development stage (36,747,160) (31,530,613) ----------- ----------- TOTAL SHAREHOLDERS' EQUITY 6,806,026 11,662,936 ----------- ----------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 9,233,702 $14,935,064 =========== =========== HYDROGEN CORPORATION AND SUBSIDIARY (A Development Stage Company) CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) NOVEMBER 11, 2001 FOR THE QUARTERS ENDED (INCEPTION) March... (Primezone Releases)
FIRST CALGARY PETROLEUMS LTD - 1st Quarter Results May 12, 2008
03 Total assets 650,053 649,354 641,938 The net loss in first quarter 2008 relates mainly to interest on the convertible debt issued in December 2007. CHANGE IN ACCOUNTING POLICIES Financial Instruments - Recognition and Measurement Two new Canadian accounting standards have been issued which required additional disclosure in the Company's financial statements commencing January 1, 2008, pertaining to the Company's use of financial instruments as well as its capital and how it is managed. (Fox News)
Zevalin Revenues Lead Cell Therapeutics, Inc.'s First Quarter 2008 Financial Results May 8, 2008
"In the second quarter we expect to see the positive financial impact of our strategy to focus resources on our late-stage development products and growing Zevalin sales. With our commercial team now in place to support Zevalin, we expect revenues to continue to increase over the next few quarters," said James A. Bianco, M.D., President and CEO of CTI. "In addition, over the last two quarters, we have been successful in cleaning up our balance sheet, retiring or exchanging approximately 74... (PR Newswire)
Noble International Announces First Quarter Financial Results May 8, 2008
Selling, general and administrative ("SGpenses increased $13.4 million to $20.9 million in the first quarter of 2008 from $7.5 million in the first quarter of 2007. SGs in the Arcelor Business accounted for $8.5 million of this increase, of which $2.1 million were professional service fees related to establishing the standalone accounting and finance function in Europe. The remaining increase is primarily attributable to a $1.9 million increase in salaries and health benefits as the Company... (PR Newswire)
Ambassadors International, Inc. Reports Increased Revenue and Improvement in Pretax Results for the First Quarter 2008 May 6, 2008
1 million in interest expense related to our convertible debt and $1. 0 million in interest expense related to our ship financing, partially offset by insurance recoveries of $0. (PR Newswire)
Midway Reports 2008 Q1 Results May 6, 2008
09 of non-cash convertible debt interest expense ... Non-cash convertible debt interest expense ... A non-GAAP measurement that excludes the convertible debt non-cash interest expense allows for a more direct comparison to prior periods, and also distinguishes this interest expense from the remainder of the interest expense, which requires (or required) a cash outlay by Midway. (Yahoo! Wire -- Entertainment News)
Wi-FiLifeStream(TM) Driving Global Interest in Wi-Fi TV as Company Seeks New Partners May 3, 2008
In the interim, it is also attempting to restructure and/or retire publicly disclosed convertible debt. There are no assurances that Wi-Fi TV Inc. will be able to achieve these goals. (Yahoo! Wire -- Entertainment News)
Abode Mortgage Holdings Corp. Reports 2nd Quarter 2008 Results Apr 18, 2008
Financial Information Abode Mortgage Holdings Corp. Consolidated Balance Sheets As at February 29, 2008 and August 31, 2007 February 29, August 31, 2008 2007 (un-audited) (audited) $ $ Assets Cash and cash equivalents 1,140,034 1,646,080 Advances for mortgage loans 969,948 1,066,475 Mortgage loans 41,925,452 79,393,174 Accrued interest receivable 175,468 241,305 Prepaid expenses and deposits 740,372 1,274,228 Equipment 105,010 120,378... (CCNMatthews Press Releases)
Brompton Proposes Fund Reorganizations Apr 18, 2008
In order to address the potentially shrinking income trust sector, VIP's investment universe will be broadened to include high dividend paying common shares, convertible debt instruments, preferred shares and other debt instruments ... It is also being proposed that the investment universe of both Brompton Equal Weight Oil & Gas Income Fund ("OGF") and Brompton Advantaged Equal Weight Oil & Gas Income Fund ("AOG") be expanded beyond income trusts to include other income producing oil and gas... (CCNMatthews Press Releases)
Indian Treasurers' Currency Bets Are Going Sour Apr 1, 2008
Even the smaller Indian companies have at a breathtaking pace in the past few years by acquiring businesses overseas, boosting exports and selling foreign-currency convertible debt to finance their growth. With increased openness comes the responsibility for managing the new financial risks associated with greater global integration. (Bloomberg -- Columnists)
Bell Industries Agrees to Sell SkyTel Division for $8.0 Million Mar 31, 2008
Following the SkyTel sale, Bell will have a total of approximately $6 million in deferred consideration, which will be received over the next two years, and anticipated net debt of approximately $13 million to $15 million, including $11 million in long-term secured convertible debt. The sale of the remainder of the SkyTel division is another important step in Bell's process of solidifying its balance sheet and improving cash flows,'' said Kevin J. Thimjon, president and chief financial officer... (Primezone Releases)
Ivanhoe Mines Announces 2007 Financial Results and Review of Operations Mar 29, 2008
6 million preferred shares and convertible debt into common shares of SouthGobi. Ivanhoe Mines currently owns approximately 80. (CCNMatthews Press Releases)
Purple Beverage Company Appoints Michael W. Wallace as Chief Financial Officer and Executive Vice President Mar 26, 2008
Previously, as Chief Financial Officer and Senior Vice President of Kellstrom Industries, a Nasdaq-listed company operating in the aerospace services sector, Wallace augmented the growth of revenues from $8 million to over $400 million, and successfully completed three public equity and convertible debt offerings totaling $225 million. Prior to this, Wallace also served as a Manager at KPMG LLP in the firm's assurance practice. (PR Newswire)
ZVUE Corporation Presents Business Update and Full Year 2007 Financial Results Mar 26, 2008
3 million of non-cash expenses relating to amortization of intangibles, interest on the convertible debt and higher stock compensation charges as well as costs associated with the completion of the acquisition and integration of eBaums World, Inc. We plan to file our Annual Report on Form 10K on or before the March 31st deadline. Cash, cash equivalents and restricted cash were $6. (Yahoo! Wire -- Entertainment News)
Electroglas Announces Third Quarter Fiscal 2008 Results Mar 21, 2008
ELECTROGLAS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) March 1, May 31, 2008 2007 -------- -------- (unaudited) ASSETS Current assets: Cash and cash equivalents $ 18,676 $ 30,788 Accounts receivable, net 9,150 9,855 Inventories 7,232 11,883 Restricted cash -- 500 Prepaid expenses and other current assets 5,885 2,355 -------- -------- Total current assets 40,943 55,381 Property, plant and equipment, net 3,428 4,779 Goodwill 1,942 1,942 Other assets 3,479 3,732 ------- -------... (Primezone Releases)
First Calgary Petroleums announces 2007 Year End Results and Conference Call Mar 20, 2008
It also relates to interest on the convertible debt issue in December 2007. Total assets have increased over the third quarter due to the convertible bond financing that raised net proceeds of $252 million (after issue costs). (Canada Newswire)
Silverstar Holdings Issues $7.5 Million in Convertible Debt Mar 20, 2008
5 Million in Convertible Debt: Financial News - Yahoo ... 5 Million in Convertible DebtThursday March 20, 8:35 am ET Proceeds From Above-Market Transaction Earmarked to Expand Product Pipeline, Complete Empire Interactive Earn-Out Payment, and Increase Working Capital ... March 20, 2008 (PRIME NEWSWIRE) -- Silverstar Holdings, Ltd. (NasdaqCM: - ), a leading international publisher and developer of interactive entertainment software, has completed a convertible debt financing of $7. (Primezone Releases)
California Medicaid Establishes Coverage for Trofile(TM) Mar 17, 2008
These risks and uncertainties include, but are not limited to: the risk that physicians may not use a molecular diagnostic for patient selection for maraviroc or other HIV drugs; risks related to the implementation of the collaboration with Pfizer; risks related to our ability to recognize revenue from activities under the collaboration with Pfizer; risks and uncertainties relating to the performance of our products; the growth in revenues; the size, timing and success or failure of any clinical... (PR Newswire)
Budget 2008: Anti-avoidance measures Mar 15, 2008
Avoiding corporation tax by adopting differing accounting treatments within the same group for convertible debt. Acquiring partnerships rights in advance for an amount equal to the discounted value of the rights, thereby disguising the generated interest. (Accounting Web, UK)
Double Eagle Increases Investment in EffTec International, Inc. Mar 15, 2008
CHARLOTTE, N.C., March 14, 2008 (PRIME NEWSWIRE) -- Double Eagle Holdings, Inc. (OTC BB: - ), announces today that it has invested an additional $50,000 in EffTec International, Inc. (EFFTEC) through a convertible debt offering to provide EffTec with marketing capital to promote sales of its product. ADVERTISEMENT. (Primezone Releases)
QuStream Corporation Enters Into $7.0 Million in Loan Agreements and Completes a $2.0 Million Convertible Debt Refinancing Mar 8, 2008
0 Million Convertible Debt Refinancing: Financial News - Yahoo ... 0 Million Convertible Debt RefinancingFriday March 7, 4:32 pm ET. (CCNMatthews Press Releases)
Extraordinary General Meeting of A/S Trigon Agri Mar 7, 2008
No other change in the Com-pany s capital, nor any issuance of convertible debt instruments, options or war-rants, nor any dissolution, including dissolution by merger or demerger, shall entitle the holders of warrants to require adjustment to the number of warrants out-standing. 4. (BusinessWire)
Cision: Notification of Cision's Annual General Meeting Mar 5, 2008
The Board proposes that the annual general meeting resolves to take up a convertible debt of nominally SEK 20,000,000 through issuing a maximum of 700,000 convertible profit sharing debentures ( convertibles ), nominally correspondent to 113. 3 percent of the volume weighted average exchange price of the Cision share during the period 24 April 30 April 2008, whereby the share capital may be increased by not more than SEK 1,050,000. (BusinessWire)
Liquor Stores Income Fund Reports Record Results Feb 29, 2008
75% Convertible Unsecured Subordinated Debentures ("6.75% Debentures) trade on the Toronto Stock Exchange under the symbol LIQ.DB. Through its ownership of Liquor Stores Limited Partnership ("Liquor Stores LP"), the Fund operates 198 retail liquor stores in Alberta and British Columbia and management believes it is the largest liquor store operator in Alberta by number of stores and revenue.On June 8, 2007, the Fund issued 6,817,533 Units to acquire a 75.96% indirect interest in Liquor Barn... (CCNMatthews Press Releases)
GMP Capital Trust reports record 2007 results; Fourth quarter earnings per unit of $0.38 Feb 28, 2008
5 million minimum; special warrants, irrespective of whether the issuer has received the total proceeds; common shares and units; convertible debt; and exercise of over-allotment option of original transaction launched during the period reported on. For these purposes, "equity" excludes the following: preferred shares, preferred hybrids, income trusts, rights offerings, and other derivatives. (Canada Newswire)
Timberline Signs Definitive Purchase Agreement to Acquire Small Mine Development, LLC Feb 27, 2008
Timberline expects to finance the initial cash payment and working capital requirements for SMD with a combination of equity and convertible debt securities. As announced previously, Timberline has retained Jefferies & Company, Inc., a global, full service investment banking and institutional securities firm, to advise the Company on its acquisition of SMD. The acquisition will require approval by Timberline shareholders. (Primezone Releases)
Fed auctions $30 billion more in funds Feb 27, 2008
Maxwell blamed the loss on how its convertible debt was valued, dragging down its results by $2. 7 million, or 14 cents a share. (San Diego Union-Tribune -- Business)
Shanda Reports Fourth Quarter and Full Year 2007 Unaudited Results Feb 26, 2008
2 Convertible debt within one year 2,147 ... 0 Amortization of convertible debt issuance cost (4 ... 0 Amortization of convertible debt issuance cost (17. (Yahoo! Wire -- Entertainment News)
School Specialty Reports Fiscal 2008 Third Quarter Results Feb 21, 2008
001 par value per share, 150,000,000 authorized and 23,629,635; 23,310,461 and 23,266,961 shares issued, respectively 24 23 23 Capital paid-in excess of par value 378,794 367,068 364,408 Treasury stock, at cost -- 3,814,902; 2,126,121 and 2,126,121 shares, respectively (136,761) (76,508) (76,508) Accumulated other comprehensive income 26,341 17,763 14,098 Retained earnings 260,312 204,199 233,399 ---------- ---------- ---------- Total shareholders' equity 528,710 512,545 535,420 ----------... (Primezone Releases)
RealNetworks Announces Fourth Quarter and Full-Year 2007 Results Feb 8, 2008
6 million in unrestricted cash, cash equivalents and short-term investments and $100 million of convertible debt ... RealNetworks, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Unaudited) December 31, December 31, 2007 2006 (in thousands) ASSETS Current assets: Cash and cash equivalents $476,697 $525,232 Short-term investments 79,932 153,688 Trade accounts receivable, net 84,674 65,751 Deferred costs, current portion 6,408 1,643 Deferred tax assets, net, current portion - 891... (Yahoo! Wire -- Entertainment News)
Vista Gold Corp. Discusses Recent Corporate Developments Feb 7, 2008
In reviewing this and other developments, Fred Earnest, President and COO, commented, "This recent influx of cash will help us maintain a strong balance sheet while we arrange financing to advance the Paredones Amarillos Project. We anticipate the arrangement of interim financing through various bridge loan or convertible debt alternatives in the near future to fund the recent purchase of processing equipment for the Paredones Amarillos Project (see press releases of January 2 and January 8,... (PR Newswire)
Boston Properties, Inc. Announces Fourth Quarter 2007 Results Jan 30, 2008
On August 31, 2007, the Financial Accounting Standards Board (the "FASB") issued proposed FASB Staff Position No. APB 14-a "Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash Settlement)" (the "proposed FSP") that would require the liability and equity components of convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement) to be separately accounted for in a manner that reflects the... (PR Newswire)
STMicroelectronics Reports 2007 Fourth Quarter and Full Year Revenues and Earnings Jan 23, 2008
Key Information-Risk Factors" included in our Annual Report on Form 20-F for the year ended December 31, 2006, as filed with the SEC on March 14, 2007. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any information or forward-looking statements set forth in... (PR Newswire)
Municipal Solutions Group, Inc. Announces $1,000,000 Convertible Debt Financing Jan 19, 2008
You no longer need to remember symbols. Simply type in a company name or stock symbol for instant results. (CCNMatthews Press Releases)
