Dryships Announces Day of 2010 Annual General Meeting of Shareholders
DryShips Inc., a global provider of marine transportation services for drybulk cargoes and offshore contract drilling services, today announced that the Annual General Meeting Shareholders will be held at the offices of the company located at 80 Kifissias Avenue, 15125, Amaroussion, Athens, Greece on Monday, 06.09.2010 at 13:00 Athens time.
The Board of Directors has established the close of trading on Monday, 19/07/2010 if the record date for determining shareholders of the right of communication to receive and vote at the Annual Meeting or interruptions or delay daarvan.
Notice of the meeting and the Company’s proxy statement will be sent to the shareholders of the Company in due course.
About DryShips Inc.
DryShips Inc., based in Greece, is an owner and operator of drybulk carriers and offshore
deep-water oil drilling that operate worldwide. From the date of this release, DryShips owns a fleet of 39 drybulk carriers (including new build) comprising 7 Capesize, 30 Panamax and 2 Supramax, with a combined capacity of more than 3.5 million tons, two ultra-deepwater semisubmersible drilling rigs and 4 new ultra-deepwater drill ships. Read more
Canexus to Hold Conference Call second quarter
Canexus Income Fund today announced that a conference call to discuss its second quarter on Friday to keep 30.07.2010 , at 10 pm ET.
Gary Kubera, President and CEO, and Richard McLellan, Senior Vice President Finance and CFO, will discuss financial results and performance for the period ending 06/30/2010. The results will be released the evening before the interview.
To access the call, dial 416-644-3416 or 1-800-814-4860. The conference call will be accessible via webcast at www.canexus.ca.
A replay of the conference call will be available from noon ET on July 30, 2010, until midnight ET, August 6, 2010. To access the replay, call 416-640-1917 or 1-877-289-8525, passcode 4331078 followed by #. Read more
Canacol Energy Ltd. announces closing of a $ 41.5 million convertible debenture offering Bought Deal
Canacol Energy Ltd. today announced it has closed its previously announced deal bought short form prospectus offering with a syndicate of insurers (the “Underwriters”) led by Canaccord Genuity Corp. and FirstEnergy Capital Corp., Cormark Securities Inc., Citigroup Global Markets Inc. Research Capital Corp. Canada and Mackie, under which the Underwriters purchased $ 41,500,000 principal amount of unsecured convertible bonds with an interest rate of 8.00% per year payable semi-annually on the last day of June and December, commencing on December 31, 2010 (the “Offer”). The bonds are convertible at the option of the holder into ordinary shares of the Company at any time prior to the expiration date and the day immediately preceding the date fixed by the Corporation for redemption at a conversion rate price of $ 1.0526 per common share, represented by the ratio of 950 ordinary shares per $ 1,000 principal amount of the bonds. The corporation has applied to the loans (including the underlying common stock issuable upon conversion list, redemption or maturity of the loan) on the TSX Venture Exchange. Trading will be subject to the corporation that meets all the requirements of the TSX Venture Exchange. Read more
Grande Cache Coal Mining Corporation Reports Net Income of $20.1 Million During Fiscal 2010
Grande Cache Coal Mining Corporation announced today its financial and operational results for the three and twelve months ended March 31, 2010. The audited consolidated financial statements Corporation and its discussion and analysis for the fiscal year ended March 31, 2010 will be available at www.sedar.com and the Corporation’s website www.gccoal.com.
- Grande Cache Coal Mining sold 1.77 million tons of coal mining in a record fiscal year ended March 31, 2010, representing an increase of 67% on turnover of 1.06 million tonnes in the previous fiscal year. Sales in the fourth quarter amounted to 0.43 million tonnes compared to 0.11 million tonnes in the comparable period last year.
- Net income for the year 2010 was $ 20,100,000, or $ 0.21 per share ($ 0.20 per diluted share), compared to $ 106,200,000, or $ 1.18 per share ($ 1, 15 per diluted share) in fiscal 2009. The fourth quarter net income was $ 1,400,000 ($ 0.01 per basic and diluted share) versus $ 18,900,000 ($ 0.20 per basic and diluted share) in the same period last year. Read more
No Survivors Found After West Virginia Mine Disaster
MONTCOAL, W.Va. – A painful wait four days came to a tragic end early Saturday when rescue workers found no survivors in an underground mine after a massive explosion earlier this week.
The news on the Upper bough mine about 30 miles south of Charleston brought the death toll to 29 in the country’s worst mine disaster in four decades.
“We did not pray for the miracle we were receiving,” said Governor Joe Manchin III, looking somber, his voice barely audible. “This tour has ended and now the healing will begin.”
The announcement closed a grim Appalachian ritual and the third largest mining disaster in the state in the past four years.
Grim faced and exhausted rescue workers emerged from the mines around noon after spending much of the evening Wending their way through a maze of corridors-cross more than 1000 meters underground. Read more
NMDC Sets Iron Ore Export Rates at Double FY10 Benchmark
India’s largest iron ore producer NMDC Ltd has completed quarter contracts with Japanese and South Korean steel manufacturers at prices on the benchmark 2009/10, a top official of the company twice said on Monday.
The price jumps for the April-to-June quarter are between 93 percent and 100 percent from the 2009/10 benchmark and actual prices that the company will sell iron ore would range between $ 120 and $ 140 per tonne FOB, Rana Som, chairman of the state-run NMDC told reporters on the sidelines of a conference.
“It will be a price for three months only. Then there will be further negotiations,” Som said, adding that it would be retroactive.
The new tariff is based on the average prices of the various indices. Read more
