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2012年2月1日星期三

American Natural Energy Corporation Announces Capital Raise and Closing of Financing Agreement

TULSA , OK, Feb. 1, 2012 /CNW/ – American Natural Energy Corporation (“ANEC”) (TSX Venture: ANR.U) announced that it intends to seek to raise additional capital, subject to TSX Venture Exchange approval. The terms of such transaction will involve the sale of up to 10 million Units consisting of 1 share of ANEC’s Common Stock at a price of USD$0.10 per share and 1 warrant for the purchase of 1 share of ANEC’s common stock exercisable at USD $0.20 per share for total proceeds of up to $1.0 million . If completed, such a transaction will result in dilution to the present holders of ANEC’s Common Stock. The offer and sale of such securities by ANEC to the subscribers has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Act”), and such securities may not be offered or sold in the United States absent registration under the Act or an available exemption from the registration requirements. Such offer and sale of its securities is intended to be made pursuant to the exemption from the registration requirements of the U.S. Securities Act afforded by Regulation D and in reliance upon Regulation S under that Act and will result in the issuance of “restricted securities” as defined in Rule 144 under the Act. There can be no assurance that ANEC will be successful in raising the additional capital through the sale of its Common Stock.
The additional capital will supplement the first tranche of $1 million provided for under the terms of the previously announced drilling fund term sheet. The first tranche of $1 million available under that financing closed and was funded today. The capital raise and drilling financing are for the development of ANEC’s proven oil reserves. In connection with the transaction, ANEC issued 1.76 million shares of common stock of the Corporation to the investor in respect of investment banking services. The shares of common stock were acquired relying on the prospectus exemption under British Columbia securities laws contained in BC Instrument 72-503. As a result of the acquisition of shares, the investor owns and controls common stock of ANEC, representing approximately 11% of the issued and outstanding shares of common stock of ANEC. The shares of common stock were acquired for investment purposes in connection with the debenture transaction and the investor has no present intention to acquire ownership of or control over additional securities of ANEC. ANEC was represented by Crucible Capital Group, Inc., Member FINRA/SIPC, in the transaction.
ANEC is a Tulsa , Oklahoma based independent exploration and production company with operations in St. Charles Parish , Louisiana. For further information please contact Michael Paulk , CEO at 918-481-1440 or Steven P. Ensz, CFO at 281-367-5588.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This Press Release may contain statements which constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of ANEC, its directors, or its officers with respect to the future business, well drilling and operating activities and performance of ANEC. Forward-looking statements also include the plans and intentions of ANEC to offer and sell shares of its Common Stock and its ability to complete such a transaction. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The actual results and outcome of events may differ materially from those in the forward-looking statements as a result of various factors. The levels of and fluctuations in the prices for natural gas and oil and the demand for those commodities, the outcome of ANEC’s development and exploration activities, including the success of its current and proposed well drilling activities and the availability of capital to pursue those activities could affect ANEC and its future prospects. ANEC’s inability to raise additional capital would adversely affect its ability to pursue its drilling program and its liquidity. Important additional factors that could cause such differences are described in ANEC’s periodic reports and other filings made with the Securities and Exchange Commission and may be viewed at the Commission’s Website at http://www.sec.gov/.
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2012年1月9日星期一

Newly Launched Hyde Park Venture Partners Makes First Investment in Virtual Store Research

HPVP is a newly-launched venture capital fund investing in high-growth technology companies in Chicago and the Midwest. As its first investment, it has chosen the growing field of online virtual store research, co-leading the $1.5 million funding of InContext Solutions.
Chicago, IL (PRWEB) January 08, 2012
A new early-stage investor has emerged in the growing entrepreneurship and technology landscape of Chicago: Hyde Park Venture Partners (HPVP). Its first investment is in InContext Solutions, a pioneer in web-based 3-D virtual store environments. HPVP, along with Hyde Park Angels, co-led InContext Solutions’ recent $1.5 million round of equity funding. The consortium of investors also included leading graphics and computing company, AMD.
HPVP is an early-stage venture capital fund investing in technology companies in the Midwest, with particular focus in Chicago.
“We are proud to add HPVP to our financial partners and to be recognized among Chicago’s technology leaders,” said Bob Gillespie, CEO and co-founder of InContext Solutions. “We plan to continue to grow our software offering and to lead innovation in virtual store research and in collaborative product and store planning.”
InContext Solution’s unique offering and experienced management team are exactly what we look for in a company,” said Guy Turner, managing director of HPVP. “In the retail and consumer manufacturing world, speed is critical to staying on the shelf and ahead of the competition. Thanks to InContext Solutions, product and packaging decisions that used to take months can be completed in a matter of weeks. We are excited for what will come next.”
About InContext Solutions

InContext Solutions is an award-winning technology and market research firm specializing in online 3-D environment simulations with applications in virtual store research, collaborative store planning, and e-commerce. The company’s research delivers highly accurate behavioral and attitudinal insights into shopper behavior, while its collaborative software tools allow many of the world’s best-loved consumer brands to make more effective decisions around product and store planning, environment design and other in-store revenue drivers. As a next-generation e-commerce platform, InContext Solutions’ vision is to drive online sales through lifelike user experiences that engage, entertain and captivate with 3-D audio-visual elements.
For more information, visit http://incontextsolutions.com/.
About Hyde Park Venture Partners

Hyde Park Venture Partners (HPVP) is a venture capital fund investing in early stage technology companies in the Midwest, with particular focus in Chicago. HPVP invests in technology-enabled business and consumer services and healthcare IT companies raising their first or second round of institutional capital.
HPVP draws on its strategic relationship with Hyde Park Angels (HPA) to provide industry and business expertise to its portfolio companies through a network of more than 90 seasoned business executives, entrepreneurs and service professionals. HPVP’s principals and the HPA network take an active role in mentoring and guiding portfolio companies in product development, business strategy, financing and exit through both formal director roles and informal mentorship relationships.
For more information, visit http://www.hydeparkvp.com/.
# # #
Chiara Piccinotti
InContext Solutions
312-462-4491
Email Information

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2012年1月3日星期二

IEMR Closes Convertible Note Financing With Related Party; Amends Terms of Convertible Note Financing

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Jan. 3, 2012) – IEMR Resources Inc. (TSX VENTURE:IRI) (“IEMR” or the “Company”) wishes to announce that further to its press release dated December 22, 2011, the Company has borrowed (the “Financing”) the principal sum of US$800,000 (the “Principal”) from, and issued an unsecured convertible note (the “Convertible Note”) in respect of such indebtedness to, International Energy and Mineral Resources Investment Company Limited (Hong Kong) (the “Lender”). The Convertible Note has a term of two years (the “Maturity Date”) from the closing date (the “Closing Date”). At the option of the Lender, the Convertible Note is convertible into common shares of the Company (“Common Shares”) at a price of US$0.10 per Common Share (the Company and the Lender increased the conversion price from US$0.07 to US$0.10 per Common Share), in whole or in part, at any time during the term of the Convertible Note. The Convertible Note is to bear interest on the outstanding Principal from the Closing Date to the Maturity Date at a rate of 6% per annum, payable on the earlier of the Maturity Date or the date of conversion of the Principal amount outstanding.
The Company requires the Financing to pay US$800,000 owing to Mosquito Consolidated Gold Mines Limited (“Mosquito”) on account of exploration work that Mosquito performed on the Pine Tree Property on behalf of the Company. The Company intends to conduct a private placement in 2012 to repay the Principal.
The Lender is a “Related Party” of the Company pursuant to the TSX Venture Exchange policies, as Mr. Hongxue Fu, President, Chief Executive Officer and a director of the Company, holds a controlling interest in the Lender. As such, the Financing constitutes a “Related Party Transaction” under the policies of the TSX Venture Exchange.
The Financing and the terms of the Convertible Note were unanimously approved by the Board of Directors of the Company, other than Hongxue Fu, who declared his interest in the Financing and abstained from voting with respect to the Financing and the documents and transactions related thereto. The directors eligible to vote with respect to the Financing believe that the terms of the Financing are in accordance with available market rates and is in the best interests of the Company. If the Principal is converted in full, Hongxue Fu and the Lender will increase their collective shareholdings in the Company from 10,371,357 common shares (currently approximately 40.50% of the issued and outstanding common shares) to 18,371,357 common shares (which would represent approximately 54.67% of the issued and outstanding common shares).
The Company is relying on exemptions from the formal valuation and minority approval requirements which are available to the Company.
The securities issued in the Financing are subject to a four month hold period in accordance with applicable Canadian securities laws.
About IEMR Resources Inc.
IEMR is a junior mining company listed on TSX Venture Exchange under the symbol “IRI”. The Company is directly tied to and has been formed from capital sources in China and Canada. IEMR is devoted to taking full advantage of its capital by participating in mineral and energy projects ranging from exploration, development, production, processing, smeltering and mineral trade with a long-term view. The Company’s emphasis is on the Chinese and Canadian markets utilizing the capital stemming from China and the resources and market of Canada to create a maximum return for shareholders. The Company’s investment priorities ranked in order will be copper, chromium, nickel, manganese, uranium, platinum silver, diamonds and molybdenum. Investment and or acquisitions in exploration projects, will be focused in chromium, manganese, uranium and potash. The Company has already formed alliances of cooperation with large smeltering steel, copper, lead, zinc and aluminum companies.
For further information on IEMR, please refer to the Company’s profile at www.sedar.com or the Company’s website at www.iemr.ca.
On behalf of the Board of Directors of IEMR RESOURCES INC.
Long Wang, Chief Financial Officer
Cautionary Statement Regarding Forward-Looking Statements
Certain statements made and information contained herein may constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation. These statements relate to future events, including a proposed private placement, or the Company’s future performance. Often, but not always, forward-looking statements or information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “does not anticipate” or “believes” or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results “may”, “may have”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Although management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements speak only as of the date of the news release and are expressly qualified, in their entirety, by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.




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2012年1月2日星期一

BTB Real Estate Investment Trust announces a $12,850,000 mortgage financing

MONTREAL, Dec. 1, 2011 /CNW Telbec/ – BTB Real Estate Investment Trust (TSXV: BTB-UN.V – News) (“BTB“) is proud to announce that it has entered into a mortgage financing agreement of $12,850,000 with Otéra Capital/Hypothèques CDPQ.
This mortgage financing pertains to three recently acquired properties, namely:
  • 2175 Des Entreprises Boulevard, Terrebonne, Québec
  • 2205-2225 Des Entreprises Boulevard, Terrebonne, Québec
  • 5600 Côte-de-Liesse, Town of Mount-Royal, Québec
This mortgage financing bears interest at the rate of 3.5% for a term of five years.
About BTB
BTB is a growth-oriented real estate investment trust listed on the TSX Venture Exchange. Its total assets are more than $365 M, its real estate portfolio constitutes 53 properties totaling more than 3.2 million square feet.  Its objective is to provide unitholders with stable cash distributions from investments in good quality leased office, industrial, commercial and retail properties predominantly located in the province of Quebec. BTB is led by an experienced management team with in-depth experience in the real estate industry and a Board of Trustees focused on governance and sound business practices.
Forward-Looking Statements
This press release may contain forward-looking statements with respect to BTB. These statements generally can be identified by use of forward looking words such as “may”, “will”, “expect”, “estimate”, “anticipate”, “intends”, “believe” or “continue” or the negative thereof or similar variations. The actual results and performance of BTB could differ materially from those expressed or implied by such statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, competition, changes in government regulation and the factors described from time to time in the documents filed by BTB with the securities regulators in Canada. The cautionary statements qualify all forward-looking statements attributable to BTB and persons acting on their behalf. Unless otherwise stated or required by applicable law, all forward-looking statements speak only as of the date of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Mr. Michel Léonard
President and Chief Executive Officer
514-286-0188
ext. 228