Noront closes $6.7 million offering
Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture:NOT.v – News) is pleased to announce that it has completed the prospectus offering originally announced on January 14, 2010. Noront issued 2,436,364 common shares (“Shares”) at a price of $2.75 per Share to raise gross proceeds of $6.7 million (the “Offering”).
Gross proceeds from the Offering will be used for general corporate and working capital purposes and exploration and development activities related to Noront’s McFaulds Lake project.
The Shares have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States in the absence of registration or an applicable exemption from the registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to purchase securities in the United States. [Read the full article]
Harvest Natural Resources, Inc. (NYSE:HNR – News) today announced the closing of its registered direct offering raising gross proceeds of $32 million, before transaction related expenses. The offering, which closed on February 17, 2010, consisted of 8.25% senior convertible notes due 2013.
Under the terms of the notes, Harvest will pay interest semi-annually and the notes will mature on March 1, 2013, unless earlier redeemed, repurchased or converted as described below. The notes are convertible into shares of Harvest common stock at a conversion rate of 175.2234 shares of common stock per $1,000 principal amount of convertible notes, equivalent to a conversion price of approximately $5.71 per share of common stock, subject to adjustment. [Read the full article]
Colfax Corporation (NYSE:CFX – News), a global leader in fluid-handling solutions for critical applications, today announced financial results for the fourth quarter and full year ended December 31, 2009. [Read the full article]
KBW, Inc. (NYSE: KBW – News), a full-service investment bank that specializes in the financial services sector, today announced non-GAAP operating net income of $5.3 million, or $0.15 per diluted share, for the quarter ended December 31, 2009. This compares to a non-GAAP operating net loss of $20.2 million, or $0.65 per diluted share for the corresponding quarter in 2008 and operating net income of $13.4 million, or $0.37 per diluted share for the third quarter of 2009. Non-GAAP operating net income for the year ended December 31, 2009 was $29.1 million, or $0.81 per diluted share. This compares to a non-GAAP operating net loss of $55.3 million, or $1.79 per diluted share for 2008. See “Non-GAAP Financial Measures” below for a reconciliation of our non-GAAP operating results to our GAAP results. [Read the full article]