New Law Blogs

Songzai International Holding Group Announces Entry Into Agreement To Acquire Liujiaqu Coal Mine In Inner Mongolia

Posted on May 25, 2010
City of Industry, CA May XX, 2010?Songzai International Holding Group, Inc. (OTCBB: SGZH, the ?Company?), a leader in coal production and exploration in the People?s Republic of China (the ?PRC?), today announced that the Company has entered into an Asset Purchase Agreement (the ?Asset Purchase Agreement?) to acquire the Erdos City Dongsheng District Liujiaqu Coal Mine (?Liujiaqu Coal Mine?)...

Pacific Blue Energy Corp. Acquires Modeling Software For Photovoltaic Projects

Posted on May 21, 2010
PHOENIX, May 17 /PRNewswire-FirstCall/ - Pacific Blue Energy Corp. (OTCBB:PBEC.ob - News), a publicly traded developer of renewable energy projects, today announced that it has implemented an economic and financial analysis tool specifically designed for wholesale solar Photovoltaic projects...

Cell Therapeutics, Inc. Announces Agreements To Exchange Up To $30 Million Aggregate Outstanding Principal Amount of 4% Convertible Senior Subordinated Notes...

Posted on May 20, 2010
Pursuant to the terms of the Exchange Agreements, the Company may exchange up to approximately 60 million shares of its common stock for up to approximately $30 million aggregate outstanding principal amount of Notes in one or a series of exchanges, which may be effected over several days...

Edgewater Acquires Meridian Consulting International

Posted on May 18, 2010
"The acquisition of Meridian continues the investment in our EPM-related service offerings and aligns with our product-centric service offering model. The addition of Meridian's HSF capabilities strategically positions Edgewater as the only domestic company with the capability to provide the full suite of Oracle's EPM service offerings...

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Biovest Announces U.s. Department of Defense Contract To Further Develop Bioreactor Technology For Vaccine Production

Posted on May 18, 2010
According to Biovest's Chief Scientific Officer, Dr. Mark Hirschel, "We are working very closely with the Department of Defense and its leading research facility in San Diego to adapt our automated bioreactor systems into a novel, rapid viral vaccine production methodology...

Silver Wheaton Acquires Right of First Refusal On Silver Streams From Ventana's La Bodega Project

Posted on May 18, 2010
"We are pleased to have acquired a right of first refusal on this very promising project," said Peter Barnes, Chief Executive Officer of Silver Wheaton. "Drill results to date suggest that La Bodega has the potential to host a world-class gold deposit, with substantial silver by product credits...

Arca Announces Special Protocol Assessment Agreement With Fda For Bucindolol Development In Genotype-defined Heart Failure Population

Posted on May 17, 2010
"This SPA agreement with the FDA, the latest in a series of important milestones for ARCA, provides us with a clearly defined development and regulatory pathway for bucindolol in the treatment of genotype-specific heart failure patients," said Michael R...

Volt Information Sciences Reports Amendments To Credit Agreements

Posted on May 14, 2010
New York, New York, May 11, 2010 ? Volt Information Sciences, Inc. (NYSE: VOL) today reported that it has entered into amendments to the agreements for its $150 million accounts receivable securitization program and $42 million bank credit facility.

Rostock Acquires Exploration License To Past Producing Gold Mine

Posted on May 13, 2010
SAN DIEGO, CALIFORNIA--(Marketwire - 05/12/10) - Rostock Ventures Corp. (the "Company") (OTC.BB:ROSV - News) is pleased to announce that it has acquired the rights to an exploration licence for certain property located in Hants County, Nova Scotia Canada in an area generally known as the Central Rawdon Mines...

Allied Nevada Gold Corp. Announces CDN$273,000,000 Bought Deal Financing

Posted on May 13, 2010
The Company intends to use the net proceeds of the offering to advance expansion projects at its Hycroft mine and to fund Hycroft and regional Nevada exploration programs and for general corporate purposes.

Gsi Group Reaches Agreement With Key Parties Providing For Approval of Plan of Reorganization

Posted on May 11, 2010
Bedford, MA, May 11, 2010-GSI Group Inc. (Pink Sheets: GSIGQ.PK) (the "Company" or "GSI") today announced that it has reached an agreement with representatives of the key stakeholders involved in GSI's Chapter 11 case that provides for certain modifications of the Company's (and certain of its subsidiaries') Third Modified Joint Plan of Reorganization, including, among others, a proposed rights...

Infospace Acquires Mercantila's E-commerce Business

Posted on May 11, 2010
"Mercantila will provide InfoSpace with a foundational technology platform and represents the first step in our differentiated e-commerce strategy," said William J. Lansing, chief executive officer of InfoSpace. "Through organic growth and development of Mercantila's current platform, along with other acquisitions, we intend to become a strong e-commerce player...

International Tower Hill Signs Key Exploration Agreement With Ahtna, Incorporated On Chisna Copper-gold Joint Venture Project In Alaska

Posted on May 11, 2010
Ahtna and Raven have signed a Mineral Exploration Agreement with Option to Lease effective March 30, 2010 over a 75,520 acre parcel surrounding existing Alaska State mining claims held by Raven. The key terms of the Ahtna agreement include the following: Upon Raven having expended an aggregate of US$1,000,000 (including 2,500 feet of core drilling) and having completed a feasibility study over...

Exco Resources, Inc. Announces Agreement With BG Group For Joint Development of Appalachian Assets

Posted on May 10, 2010
EXCO will sell BG Group membership interests in companies that hold 50% of EXCO's producing and non-producing assets in Appalachia. EXCO and BG Group will jointly own an operating company that will continue serving as operator of the properties subject to oversight from a Management Board with equal representation from EXCO and BG Group...

Gtec Reports First Quarter 2010 Financial Results Revenues of $46 Million Earnings Per Share of $0.12 Contract Awards of $50 Million; Awards Momentum...

Posted on May 10, 2010
MCLEAN, Va., May 10, 2010 – Global Defense Technology & Systems, Inc. (NASDAQ: GTEC), a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, today announced its first quarter 2010 financial results.

Guidance Software Acquires Assets of Forensic Hardware Leader Tableau LLC

Posted on May 10, 2010
The purchase price for this transaction was $12.3 million in cash. The assets of Tableau include cash of $1.6 million. Guidance Software expects this transaction to increase previous revenue guidance by $3 million and be $0.03 accretive to its non-GAAP earnings per share in 2010...

Pmc-sierra Announces Agreement To Acquire The Channel Storage Business From Adaptec

Posted on May 10, 2010
PMC-Sierra expects the acquisition will strengthen the Company's existing enterprise storage business by accelerating access to channel customers. PMC-Sierra is committed to delivering and developing high-performance, reliable RAID solutions for our OEM and channel storage customers from SAS-1 to SAS-3...

Drugstore.com, Inc. Announces Pharmacy Agreement With Bioscrip, Inc. -bioscrip To Provide Expanded Services For Drugstore.com™ Pharmacy Customers

Posted on May 05, 2010
"We strongly believe we should offer our customers the convenience of a pharmacy, and in BioScrip we believe that we've found the right company to provide, as well as expand, services to our customers," said Dawn Lepore, chief executive officer and chairman of the board, drugstore...

Chesapeake Lodging Trust Announces The Signing of Definitive Agreements To Acquire Two Southern California Hotels

Posted on May 04, 2010
James L. Francis, Chesapeake's President and Chief Executive Officer, stated, "We are excited about the planned acquisition of these two properties. The Hilton Checkers Los Angeles is an exceptional asset in a great location in downtown Los Angeles. The Courtyard Anaheim at Disneyland Resort will continue to perform well as a result of its brand affiliation and its proximity to the major demand...

Murphy Oil Corporation Announces Termination of Production Sharing Contracts For Blocks L And M In Malaysia

Posted on April 23, 2010
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events or results, are subject to inherent risks and uncertainties...

Myriad Pharmaceuticals Announces Termination of Merger Agreement With Javelin Pharmaceuticals

Posted on April 19, 2010
In accordance with the terms of the merger agreement, Myriad Pharmaceuticals is entitled to the payment from Javelin of stipulated expenses of $1.5 million plus a termination fee of $2.9 million, within one business day of the termination, and in accordance with the terms of the $8...

Valassis Amends Senior Secured Credit Agreement Allowing It To Repurchase Its 8 1/4% Senior Unsecured Notes

Posted on April 16, 2010
At Dec. 31, 2009, Valassis had an aggregate principal amount of $540 million of its 8 1/4% Senior Unsecured Notes outstanding and no borrowings under its revolving credit facility (other than outstanding letters of credit in the amount of approximately $9...

Cascade Enters Agreements To Sell Assets Associated With Its Two Largest Land Acquisition

Posted on April 15, 2010
Everett, WA ? April 14, 2010 ? Cascade Financial Corporation (NASDAQ:  CASB), parent company of Cascade Bank today announced that it has entered into agreements to sell the assets associated with its two largest land acquisition and development loans, further reducing the Company?s exposure to builder lots designated for residential development...

Catalyst Pharmaceutical Partners Signs Definitive Agreement With The National Institute On Drug Abuse To Conduct U.s. Phase Ii(b) Clinical Trial For Cocaine...

Posted on April 13, 2010
"We are delighted to be partnered with NIDA to conduct this new trial" said Patrick J. McEnany, Chief Executive Officer of Catalyst. "NIDA's commitment to this trial further validates our decision to continue developing CPP-109 for cocaine addiction. We anticipate that this double-blind, placebo-controlled trial will enroll approximately 200 patients and will be conducted at eight leading...

Ediets.com® Announces $5,275,000 Registered Direct Offering of Common Stock Enters Into Agreements For Private Placement And Debt Conversion

Posted on April 06, 2010
eDiets expects to receive total net proceeds from the registered direct offering of approximately $4.7 million, after deducting placement agent fees and other offering expenses. Proceeds from the registered direct offering will be used for general corporate purposes, including working capital to fund eDiets' future growth opportunities, such as the expansion of advertising related to its...

Accelrys, Inc. And SYMYX Technologies, Inc. Announce Merger Creates A New Leader In Scientific Informatics Software

Posted on April 05, 2010
The merger, structured as a tax-free, all-stock merger of equals, was approved by both companies' Boards of Directors. On a combined basis, Accelrys and Symyx have a pre-announcement market capitalization of approximately $335 million, cash reserves of approximately $150 million (net of transaction costs), and no debt...

Bloggerwave Expands Agreement With Innovative Copenhagen Advertising Network Company

Posted on April 02, 2010
Leveraging the wide reach and multi-lingual capabilities of its commercial blogging network - the largest in Europe, Bloggerwave will deliver all blogs needed for IQ Affiliate campaigns in Scandinavia and in the growing markets of Italy, Spain and the UK...

Fund.com Acquires Weston Capital Management

Posted on April 02, 2010
NEW YORK, NY? March 30. 2010 ?  Fund.com, Inc., (OTCBB: FNDM ? News) announced here today that effective as of March 29, 2010, it has acquired Weston Capital Management, LLC, an originator and distributor of hedge funds.

Autonation Announces Estimated Financial Results For First Quarter 2010 And Intention To Amend And Extend Credit Agreement

Posted on March 31, 2010
Based on preliminary information, the Company currently expects first quarter 2010 earnings per share (EPS) from continuing operations to be in the range of $0.29 to $0.32, compared to adjusted EPS from continuing operations of $0.22 for the first quarter of 2009...

Cooper-standard Automotive Obtains Court Approval of Its New Equity Commitment Agreement And Disclosure Statement

Posted on March 30, 2010
Cooper-Standard Holdings Inc., the parent company of Cooper-Standard Automotive Inc., announced today that on March 26, 2010, the United States Bankruptcy Court for the District of Delaware approved its First Amended Disclosure Statement in connection with its proposed Second Amended Joint Chapter 11 Plan of Reorganization...

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