Month: June 2016

Fitch Downgrades BSCMC 2005-PWR7

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has downgraded two and affirmed 11 classes of Bear Stearns Commercial Mortgage Securities Trust (BSCMS) commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this release. KEY RATING DRIVERS The downgrades are the result of increased expected losses and significant concentration with only 10 loans remaining, …

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WTT Board Appoints Timothy Whelan as New Chief Executive Officer

PARSIPPANY, N.J.–(BUSINESS WIRE)–Wireless Telecom Group, Inc. (NYSE MKT:WTT) today announced that its board of directors has appointed current board member Timothy Whelan as WTT’s new Chief Executive Officer. As CEO, Mr. Whelan succeeds Paul Genova, who will assume the role of President and Chief Operating Officer. On behalf of Wireless Telecom’s Board, Chairman Alan Bazaar …

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BIOX and World Energy Announce Closing of Previously Announced Acquisition of 90 Million USG Biodiesel Facility in Houston

BIOX ALSO ANNOUNCES COMPLETION OF FINANCING AND BOARD CHANGES TSX symbol: BX TORONTO and BOSTON, June 30, 2016 /CNW/ – BIOX Corporation (“BIOX”) (TSX: BX) and World Energy, today announced the closing of the previously announced acquisition of a 90 million U.S. gallon (USG) (341 million litre) biodiesel production facility in Houston, Texas. Through a …

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Mint Announces Rights Offering Closing

TORONTO, ON–(Marketwired – June 30, 2016) – NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. The Mint Corporation (TSX VENTURE: MIT) (the “Company” or “Mint“) is pleased to announce the closing of its rights offering originally announced on May 26, 2016. Upon closing of the rights offering, the Company …

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Orla Mining Announces Increase to Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 30, 2016) – THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE OR DISSEMINATION TO THE UNITED STATES Orla Mining Ltd. (“Orla Mining” or the “Company”) (TSX VENTURE:OLA) announces an increase of 2,000,000 units (the “Units”) at a price …

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Dundee Corporation Announces Completion of Partial Redemption of First Preference Shares, Series 5

TORONTO, ONTARIO–(Marketwired – June 30, 2016) – Dundee Corporation (TSX:DC.A)(TSX:DC.PR.E) today completed the redemption of 458,969 first preference shares, series 5 (the “Series 5 Preferred Shares“), being all such shares tendered for redemption in accordance with the previously announced mandatory redemption provisions of the Series 5 Preferred Shares. The Series 5 Preferred Shares were redeemed …

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North American Palladium Announces Amendment to Loan Agreement with Brookfield

TORONTO, ONTARIO–(Marketwired – June 30, 2016) – All figures are in Canadian dollars except where noted. North American Palladium Ltd. (“NAP” or the “Company”) (TSX:PDL)(OTC PINK:PALDF) today announced that it has entered into an amendment of its existing secured term loan (“Term Loan”) with Brookfield Capital Partners Ltd. (“Brookfield”) dated December 18, 2015, to increase …

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Eguana Announces Closing of $6.0 Million Offering

CALGARY, ALBERTA–(Marketwired – June 30, 2016) – NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES Eguana Technologies Inc. (TSX VENTURE:EGT) (“Eguana” or the “Corporation“) is pleased to announce that it has closed an offering of 27,272,728 common shares in the capital of the corporation (the “Common Shares“) for aggregate gross proceeds of $6,000,000 (the …

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CAPREIT Enhances Ottawa Presence With Purchase of 850 Townhomes

TORONTO, ONTARIO–(Marketwired – June 30, 2016) – Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a five-property portfolio of modern luxury townhome properties well-located in Ottawa, Ontario totaling 850 rental units. CAPREIT paid approximately $180.3 million for the portfolio, financed by the assumption of a …

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Updated Share Capital and Voting Rights for BlackPearl

CALGARY, ALBERTA–(Marketwired – June 30, 2016) – BlackPearl Resources Inc. (“BlackPearl” or the “Company”) (TSX:PXX)(OMX:PXXS) reports the following, in accordance with the Swedish Financial Instruments Trading Act: As a result of the exercise of employee stock options, as at June 30, 2016, the number of issued and outstanding shares of the Company is 335,646,559 common …

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Coxe Commodity Strategy Fund Announces Resignation of Investment Manager, Proposed Fund Merger and Unitholder Meeting

TORONTO, ONTARIO–(Marketwired – June 30, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BMO Nesbitt Burns Inc., the administrator (the “Administrator“) of Coxe Commodity Strategy Fund (TSX:COX.UN) announces that BMO Asset Management Corp. will resign as investment manager of the fund effective October 7, 2016. The …

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Coxe Global Agribusiness Income Fund Announces Resignation of Investment Manager, Proposed Fund Merger and Unitholder Meeting

TORONTO, ONTARIO–(Marketwired – June 30, 2016) – NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES BMO Nesbitt Burns Inc., the administrator (the “Administrator“) of Coxe Global Agribusiness Income Fund (TSX:CAG.UN) announces that BMO Asset Management Corp. will resign as investment manager of the fund effective October 7, 2016. …

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CIT Files Initial Form 10 Registration Statement in Conjunction with Dual Track Process for Separation of Commercial Aircraft Leasing Business

NEW YORK–(BUSINESS WIRE)–CIT Group Inc. (NYSE:CIT), cit.com, a leading provider of commercial lending and leasing services, today announced that it has filed an initial Form 10 Registration Statement with the U.S. Securities and Exchange Commission (“SEC”) in conjunction with the separation of its commercial aircraft leasing business. As previously stated, CIT continues to pursue a …

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C&J Energy Services Announces Agreement In Principle With Lenders And Extension Of Forbearance

HAMILTON, Bermuda, June 30, 2016 /PRNewswire/ — C&J Energy Services Ltd. (NYSE: CJES) (“C&J” or the “Company”) today announced an agreement in principle with its secured lenders on the key aspects of a proposed restructuring transaction, subject to the negotiation of specific terms and definitive documentation.  The agreement in principle contemplates a complete deleveraging transaction pursuant …

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Silver Spring Announces Starfish™ Developer Day Winners

Innovators from Across Bay Area Selected by City of San Jose Officer and Other Local Influencers For Development of Applications Leveraging Silver Spring’s Proven IoT Platform SAN JOSE, Calif.–(BUSINESS WIRE)–Silver Spring Networks, Inc. (NYSE:SSNI) today announced the winners of its Starfish™ Developer Day in San Jose. Starfish is Silver Spring’s public cloud Internet of Things …

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Nuveen California AMT-Free Municipal Income Fund Issues VRDP Shares

CHICAGO–(BUSINESS WIRE)–Nuveen, an operating division of TIAA Global Asset Management, today announced that Nuveen California AMT-Free Municipal Income Fund (NYSE: NKX) has issued Variable Rate Demand Preferred Shares (VRDP) through a private placement with qualified institutional buyers, as defined in Rule 144A under the Securities Act of 1933. The proceeds from the issuance will be …

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