Articles on this Page
- 12/19/18--15:56: _Ship traffic, Decem...
- 12/20/18--05:53: _Small changes in ox...
- 12/19/18--17:45: _Africa’s Blue Econo...
- 12/19/18--18:01: _Argentina puts 65-m...
- 12/19/18--19:10: _BH Global secures F...
- 12/19/18--23:44: _Update on the regul...
- 12/19/18--23:58: _EU officials agree ...
- 12/20/18--00:04: _HashCash Collaborat...
- 12/20/18--00:54: _Global $13.5 Bn Nan...
- 12/20/18--01:20: _Man for court over ...
- 12/20/18--03:47: _This bartender and ...
- 12/20/18--03:22: _Ferguson Marine say...
- 12/20/18--03:54: _Global Blue Biotech...
- 12/20/18--04:03: _Eastmain Extends th...
- 12/20/18--04:03: _The Tile Shop Names...
- 12/20/18--04:25: _Man charged with te...
- 12/20/18--05:03: _dynaCERT Receives C...
- 12/20/18--05:42: _Global Ship Lease A...
- 12/20/18--06:09: _Retired Marine tack...
- 12/20/18--06:30: _Kraken Announces Cl...
- 12/19/18--15:56: Ship traffic, December 20
- 12/20/18--05:53: Small changes in oxygen levels have big implications for ocean life
- 12/19/18--17:45: Africa’s Blue Economy Or A Global Ocean Grab By The Rich? – Analysis
- 12/19/18--18:01: Argentina puts 65-million-year-old dinosaur replica on display
- 12/19/18--23:58: EU officials agree to ban single-use plastics
- 12/20/18--01:20: Man for court over dissident republican weapons dumps
- 12/20/18--03:22: Ferguson Marine says it will lose £40m on new CalMac ferries
- 12/20/18--04:03: The Tile Shop Names Cabell Lolmaugh as Director and CEO
- 12/20/18--05:03: dynaCERT Receives Commitment from Government in Austria
- 12/20/18--06:09: Retired Marine tackles gun-wielding bar patron in Pennsylvania
- 12/20/18--06:30: Kraken Announces Closing of $6,000,000 Bought Deal Financing
Ship traffic Due to arrive today SHIP FROM PORT Diawan Champion Qingdao, China SCK Ever Ethic Los Angeles OAK Manoa Seattle OAK Onyx Arrow San Diego BNC Singapore Express Seattle OAK Jiangmen Trader Canada OAK NYK Orion Long Beach OAK Salinas Squamish, British Columbia SAC Singapore Express Seattle OAK Triton Los Angeles OAK Due to depart today SHIP TO PORT California Highway Portland, Ore. RCH CSCL Winter Xingang, China OAK Daniel K.Inouye Long Beach OAK Hong Kong Bridge Tokyo OAK Hyundai Singapore Busan, South Korea OAK MSC Julie Seattle OAK Singapore Express Long Beach OAK Triton Tacoma OAK Warnow Mars Vancouver, British Columbia SFO Source: S.F. Marine Exchange
Reported by SFGate 15 hours ago.
Oceanographers have found that even slight levels of ocean oxygen loss, or deoxygenation, have big consequences for tiny marine organisms called zooplankton.
Reported by Science Daily 53 minutes ago.
By Lisa VivesSix counties in Kenya’s coastal region have been tagged for technical training in the blue economy – what some have called “the new frontier of the African Renaissance”. The goal is to enable young people to find jobs in the maritime industry.
Kevit Desai, a Kenyan vocational training principal, says institutions of higher learning must begin to focus on developing skills, nurturing innovations and enterprise creation for this “overlooked opportunity”. He suggested a post-Blue Economy Conference workshop to create awareness and enhance community participation in this vision for the future.
The topic prompted the World Bank last year to release a report titled The Potential of the Blue Economy on Sustainable Use of Marine Resources for Small Island and Coastal Least Developed Countries.
“An important challenge of the blue economy is to understand and better manage oceanic sustainability,” the report began, “from sustainable fisheries to ecosystem health to pollution.”
After years of neglect, the multilateral community is finally waking up, writes David Thomas of African Business. “Policymakers are excitingly speaking of job creation, new sources of government revenue and the limitless potential of ocean entrepreneurship.”
But the initiative is also worrying to those who see a ‘global ocean grab’ by the rich and powerful, deciding who shall benefit, who should decide how much to fish and where. A drive for maximum profit is underway and small-scale fisher people fear a global ocean grab is in the works.
Multinational corporations, states, NGOs, speculative investors and many others are behind a ‘power grab’ to gain control of aquatic – ‘blue’ – resources, critics charge.
A recent report on Ocean Prosperity speaks optimistically of the potential for profit: “The transition to a blue economy is a tremendous economic and investment opportunity,” they write, “and this report will help investors understand the risks and opportunities for making money from ocean resources.”
The rise of blue growth represents the latest stage in a move by powerful economic actors to control crucial decision-making – including the power to decide how and for what purposes marine resources are used, conserved and managed.
Guided by the World Bank and similar institutions, an increasing number of African countries are now embracing the blue economy for its potential to deliver solutions to their most pressing needs – particularly extreme poverty and hunger.
Fishing sits at the forefront of debates about how to make the most of the blue economy while preserving a fragile ecosystem, observes Jeremy Prince of Murdoch University’s Centre for Fish and Fisheries Research in Perth, Australia.
Support has been promised to the African Union from the Economic Commission for Africa to ensure that the untapped potentials of the blue economy are fully realized. Reported by Eurasia Review 13 hours ago.
BUENOS AIRES - Argentine paleontologists unveiled on Wednesday the replica of a 65-million-year-old skeleton of a plesiosaur marine reptile found in a Patagonian lake in 2009.
Reported by Bangkok Post 13 hours ago.
SINGAPORE, Dec 20, 2018 - (ACN Newswire) - BH Global Corporation Limited ("BH Global", or the "Group"), an established group providing comprehensive solutions in supply chain management, design and manufacturing, engineering, and surveillance and cyber security to a multitude of industries across the globe, is pleased to announce recent contract wins for the supply of cables for a FPSO (floating production storage and offloading vessel) project to a repeat customer, and the supply of LED lighting systems to an overseas customer.
The FPSO offshore cables supply contract was secured by Beng Hui Marine Electrical Pte Ltd ("BHM"), the Supply Chain Division of BH Global. The track record of BHM's unique 'Cables Management Program' contains numerous well-executed past projects. Coupled with its Just-In-time (JIT) delivery system, BHM's proven ability to assist its clients to attain substantial savings in logistic and financial costs were a major contributor in securing this key project.
The Group is also building on its strength in LED lighting systems to secure more orders. BH Global's new LED factory in Kunshan has been completed in Q4 of 2018, and will commence production in 2019. BHM's proprietary 'Save Our Planet' (SOP) LED lightings continues to see a rise in customer take up rates contributing to 25% year-on-year growth. In a recently completed project, the Yangon Port Terminal has installed the Group's SOP corrosion-resistant marinized floodlights, which achieved amazing energy savings of about 80% compared to conventional lightings. Significant savings were similarly achieved in three cable factories of a U.S customer through the use of BHM's SOP Highbay LED lights equipped with Adaptive Smart Controls.
The solutions provided by BHM reinforce BH Global's shift towards green practices and sustainability development, helping to minimise material wastage and reduce energy consumption.
The contract wins are expected to be delivered in 2019.
Commenting on the contract wins, Mr Vincent Lim, Chief Executive Officer of BH Global said, "We look forward to continuing this order-winning momentum as we rebuild our position coming out from the decline in the marine and offshore industry. It has been a trying couple of years but we continue to see encouraging results alongside the recovery in the industry that is underway. Prospects for our LED design and manufacturing business has also improved now that our new factory in Kunshan has been completed, and we hope to ramp up its production in due time."
Going forward, the Group is focused on consistent improvements to stabilise and subsequently bolster its performance in the long run.
About BH Global Corporation Limited (Bloomberg Code: BHGM.SP)
BH Global Corporation Ltd is an established group providing comprehensive solutions in supply chain management, design and manufacturing, engineering, and surveillance and cyber security to a multitude of industries across the globe. With more than half a century of experience and presence in the marine and offshore, oil and gas, industrial, petrochemical and commercial sectors, the Group has built strong synergies and expertise that strategically position it to develop turnkey solutions focused on electrification, digitisation and environmental sustainability.
Through excellent research and development and project management capabilities, BH Global has a unique platform which is proficient in producing integrated solutions to capture growth opportunities, and executing swift and impactful value-added services to its clients worldwide. For more information, please refer to the website, www.bhglobal.com.sg
For more information, please contact:
Romil SINGH, firstname.lastname@example.org
Jonathan YEOH, email@example.com
Tel: +65 6438 2990
Fax: +65 6438 0064
Copyright 2018 ACN Newswire. All rights reserved. www.acnnewswire.com Reported by ACN Newswire 12 hours ago.
CARGOTEC CORPORATION, PRESS RELEASE, 20 DECEMBER 2018 AT 9.30 EET
MacGregor, part of Cargotec, announced on 8 February, 2018 that it has entered into an agreement to acquire the marine and offshore businesses of TTS Group ASA. The acquisition is subject to regulatory approvals from competition authorities in China, Germany and South Korea. MacGregor announced the approval from the German regulator on 6 November 2018 but is still waiting for the approvals from the authorities in China and South Korea.
MacGregor earlier announced that it expects to receive all the needed approvals by the end of 2018 and to complete the transaction, according to the agreement, as soon as possible thereafter. Due to longer than expected regulatory processes in China and South Korea, the company currently expects to close the transaction in Q1 2019.*For more information please contact:*
Pasi Lehtonen, Senior Vice President, Marketing, Business Development and Strategy, MacGregor
tel. +65 91737550, firstname.lastname@example.org
Robin Thuillier, Communications Director, MacGregor
tel. +65 9730 4301, email@example.comMacGregor is a leader in intelligent maritime cargo and load handling with a strong portfolio of MacGregor, Hatlapa, Porsgrunn, Pusnes, Rapp Marine and Triplex products, services and solutions, all designed to perform with the sea.
Shipbuilders, shipowners and operators are able to optimise the lifetime profitability, safety, reliability and environmental sustainability of their operations by working in close cooperation with MacGregor. www.macgregor.com
MacGregor is part of Cargotec. Cargotec's (Nasdaq Helsinki: CGCBV) sales in 2017 totalled approximately EUR 3.2 billion and it employs over 11,000 people worldwide. www.cargotec.com Reported by GlobeNewswire 7 hours ago.
European Union officials have agreed to ban some single-use plastics, such as disposable cutlery, plates and straws, in an effort to cut marine pollution.
Reported by France 24 7 hours ago.
HashCash Consultants will be working to provide blockchain-powered supply chain management system to enterprises for low-cost sharing of logistics to gauge the environmental damage caused by them to the marine ecosystem.
SAN FRANCISCO (PRWEB) December 20, 2018
Australia's government has recognized the dire need to save its swiftly deteriorating national treasure – the Great Barrier Reef - and is investing 377 million US dollars to preservation efforts. However, to make the most out of this allotted budget, researchers are working with software development companies to come up with innovative methods to make conservation efforts more affordable. California-based blockchain company HashCash Consultants has been named as one of the enterprises actively participating in the endeavor.
Causes of Depletion of the Great Barrier Reef
The Great Barrier Reef, which is not only an iconic feature representing Australia, but a major source of income to the region as well, is struggling for survival. The source of $4.8 billion to the national economy and 64,000 jobs, the coral reef is visibly bleaching due to warmer oceans. The frequency of the bleaching is closely spaced, with two instances recorded in the past two years. It is also deteriorating in the face of storm-causing climate change, and is being devoured by ocean creatures such as coral-eating starfish.
According to a study published in Nature, 29% of the 3,863 reefs in the giant ecosystem has already collapsed as a result of the ongoing die-off.
Blockchain can Help Improve Rescue Efforts
The biggest obstacles when it comes to saving the environment are the lack of education or knowledge regarding the issue. Researches and its results are confined to certain institutions and geographic areas due to IT regulations that vary across geographies. However, distributed ledger technology has made distribution and proliferation of information much easier than before, and can be used to fill biodiversity data gaps in the information pool, and enable the development of reliable open access databases. Blockchain technology can be utilized to create a database of detailed information gleaned from monitoring and surveillance of difficult to access marine areas.
HashCash Consultants Extends its Expertise to the Preservation Efforts
The blockchain company will specifically team up with fisheries, canning centers, and distribution companies to create a blockchain powered supply chain management system. The idea is to record and track the amount and quality of marine-life captured, processed, sold, and wasted in specific periods of time. The very task of sharing details of logistics across various channels tends to get expensive and time-consuming, often acting as a deterrent for companies to participate in such drives. Supply chain management on a blockchain network, therefore, makes the process of data sharing far more affordable, efficient, and hassle-free.
The blockchain infrastructure provided by HashCash will run on HC NET, and participation in the blockchain network will also open up opportunities for enterprises to own and trade native digital assets which too will be created by the HashCash team.
The blockchain network from the experts will enable the sharing of details of logistics as it pertains to the environmental conservation efforts across numerous nodes, regardless of the geographic distance separating the institutions and facilities. HC NET, the blockchain network by HashCash Consultants, validates and stores every transaction executed within it using a computer protocol called smart contracts. Every time a transaction is recorded the ledger is updated in real-time across all nodes. This ledger is immutable and serves as a reliable source for audit and research in future.
Raj Chowdhury, MD of HashCash Consultants, shed light on another service provided by the company, “HashCash Consultants will manage the ICO of enterprises willing to become a part of the blockchain network. This is an incredibly popular route taken by companies to raise funds. This is expected to motivate the willingness of entrepreneurs to enter any industry related to marine life, especially the coral reef, with an intent to be a part of the conservation team from the get-go.”
About HashCash Consultants
HashCash Consultants started as a Blockchain Consulting Company in California. Today, HashCash products enable enterprises to move assets and settle payments across borders in real-time using HashCash Blockchain network, HC NET. Financial Institutions use HC NET for Retail Remittances, Corporate Payments, Trade Finance, and Payment Processing. HashCash also runs the US based cryptocurrency exchange, PayBito and the leading Cryptocurrency payment processor, BillBitcoins. HashCash offers cryptocurrency exchange and payment processor white label solutions, comprehensive ICO services and customized use case design and development. HashCash propels advancement in the field of blockchain through the Blockchain1o1 program and its investment arm Satoshi Angels. Reported by PRWeb 7 hours ago.
Dublin, Dec. 20, 2018 (GLOBE NEWSWIRE) -- The "Nanocoatings Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to *ResearchAndMarkets.com's* offering.
The global nanocoatings market reached a value of US$ 4.4 Billion in 2017
Nano coating refers to very fine, thin layers of polymeric chemical substances that are used to impart specific chemical and physical characteristics to a substrate surface. This includes corrosion resistance, abrasion resistance, hardness, lubricity, transparency, and ductility. Nanocoatings are predominantly used to alter the hydrophobic and/or oleophobic properties of a surface by adding a protective coating on a substantially small scale of several microns.
A nanocoating can be produced with utmost precision through a process which involves atomic building blocks, where atoms are deposited in a controlled fashion to produce a layer that conforms uniformly on every distinct feature of the surface. Catalysed by their superior physical and chemical properties the global demand of nano coatings is currently growing robustly in industries such as construction, food, healthcare, automotive, electronics, etc.
The market is further expected to reach a figure of US$ 13.5 Billion by 2023, exhibiting a CAGR of 20.6% during 2018-2023.
*Global Nanocoatings Market Drivers:*
Nanocoatings provide resistance to fluctuations in temperature, as a result, they are popular in products that are impacted by temperature changes and harsh climatic conditions such as aircrafts, ceramic tiles, glass windows, automobiles, etc.
Nanocoatings provide a clear, colourless protection that cannot be detected by the naked eye. This maintains a products aesthetic appearance and preserves the natural gloss and transparency of the product. Moreover, nano coated products do not easily accumulate dirt, however, on few occasions when foreign elements such as dust adhere to the surface, they can be easily cleaned.
Nanocoatings are able to provide protection against Ultra Violet (UV) light and resistance against abrasion. This significantly increases the life span of products and makes them ideal for the automotive industry to protect paint surfaces.
Nanocoatings also provide corrosion resistance, this increases the durability and lifespan of the metals where they are applied. For example, nano coatings are commonly applied on air craft parts as they are highly susceptible to corrosion.
Nanocoatings are anti-adhesive and more hygienic as compared to conventional coatings. They prevent the growth of bacteria and microorganisms. Automobiles with nano coatings do not require waxing to maintain their shine. Moreover, they are also environment friendly, non- toxic and breathable, enabling them to be efficiently used on a variety of products as they inhibit damp and mold.
*Key Topics Covered:*
*2 Scope and Methodology*
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
*3 Executive Summary*
4.2 Key Industry Trends
*5 Global Nanocoatings Market *
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by End-User
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.8 Value Chain Analysis
5.9 Porters Five Forces Analysis
5.10 Price Analysis
5.10.1 Price Indicators
5.10.2 Price Structure
5.10.3 Margin Analysis
*6 Market Breakup by Product Type*
6.4 Easy to Clean
*7 Market Breakup by End-User*
7.2 Food and Packaging
7.4 Electronics and Energy
*8 Market Breakup by Region*
*9 Manufacturing Process*
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors
*10 Competitive Landscape*
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players
10.3.5 PPG Industries
10.3.6 AdMat Innovations
10.3.7 Cima NanoTech
10.3.8 CG2 NanoCoatings
10.3.10 Ecological Coatings
10.3.13 Integran Technologies
10.3.16 Nanovere Technologies
10.3.17 Nanophase Technologies
10.3.20 Tesla NanoCoatings
For more information about this report visit https://www.researchandmarkets.com/research/tfmx2b/global_13_5_bn?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Nanotechnology, Paints and Coatings , Nanomaterials Reported by GlobeNewswire 6 hours ago.
A man has been charged with a number of terror offences linked to dissident republican weapons dumps stocked by a former Royal Marine.
Reported by RTE.ie 5 hours ago.
Is that Santa Claus pulling a sleigh full of toys with a motorcycle? Kind of. It's Wilmington bartender Rocco Malin, known as Motorcycle Santa.
Reported by Delawareonline 3 hours ago.
BBC Local News: Glasgow and West Scotland -- The Inverclyde yard posts a £60m loss following major cost overruns on deal to build new ferries.
Reported by BBC Local News 3 hours ago.
Dublin, Dec. 20, 2018 (GLOBE NEWSWIRE) -- The "Global Blue Biotechnology Market 2019-2023" report has been added to *ResearchAndMarkets.com's* offering.
The wide range of commercial applications of blue technology will boost the growth of the global blue technology market at a CAGR of over 7% during the forecast years.
The driving factors of the global blue biotechnology market is the increasing commercial use in the different fields. This is one of the driving factor that will trigger the growth of global blue biotechnology market during the forecast period. Applications of blue technology range over several fields like health care, plant biology, water treatment, research and production of sustainable biofuels, vaccine design, food processing, and medical textiles.
*Rising number of commercial applications*
Applications of blue biotechnology range over several fields such as healthcare, plant biology, water treatment, research send production of sustainable biofuels, vaccine design. Such wide range of commercial applications of blue biotechnology is a key Market drivers.
*Existing regulatory framework*
Due to stringent rules, businesses, universities, and non- profit organizations hesitate to incorporate or develop blue technology tools. Regulatory frameworks will affect the sales of blue biotechnology products and hamper the growth of the market.
The blue biotechnology market is moderately fragmented owing to the presence of several market players. The wide range of commercial applications of blue biotechnology will intensify the market growth. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the markets competitive landscape and offering information on the products offered by companies.
*The latest trend gaining momentum in the market is the support, investments, and policies of the government offers a favorable environment for the growth of the global aquaculture market. Such measures increase the efficiency in the seafood value chain and improve the availability of raw materials for research on blue biotechnology.
According to the report, one of the major drivers for this market is the increasing cancer incident rates drive the demand for non- traditional drug sources.
Further, the report states that one of the major factors hindering the growth of this market is the increased marine pollution will affect the quality of raw materials used for various blue biotechnology application, which will impact the growth of the market.
*Key Topics Covered:*
*PART 01: EXECUTIVE SUMMARY *
*PART 02: SCOPE OF THE REPORT *
· Currency conversion rates for US$
*PART 03: MARKET LANDSCAPE *
· Market ecosystem
· Market characteristics
· Market segmentation analysis
*PART 04: MARKET SIZING *
· Market definition
· Market sizing 2018
· Market size and forecast 2018-2023
*PART 05: FIVE FORCES ANALYSIS *
· Bargaining power of buyers
· Bargaining power of suppliers
· Threat of new entrants
· Threat of substitutes
· Threat of rivalry
· Market condition
*PART 06: MARKET SEGMENTATION BY APPLICATION *
· Market segmentation by application
· Comparison by application
· Pharmaceuticals - Market size and forecast 2018-2023
· F&B - Market size and forecast 2018-2023
· Others - Market size and forecast 2018-2023
· Market opportunity by application
*PART 07: CUSTOMER LANDSCAPE *
*PART 08: GEOGRAPHIC LANDSCAPE *
· Geographic segmentation
· Geographic comparison
· Americas - Market size and forecast 2018-2023
· EMEA - Market size and forecast 2018-2023
· APAC - Market size and forecast 2018-2023
· Key leading countries
· Market opportunity
*PART 09: DRIVERS AND CHALLENGES *
· Market drivers
· Market challenges
*PART 10: MARKET TRENDS *
· Increasing number of product launches
· Government initiatives to provide manufacturers improved aquaculture infrastructure
· Increasing number of applications in the cosmetic industry
*PART 11: VENDOR LANDSCAPE *
· Landscape disruption
*PART 12: VENDOR ANALYSIS *
· Vendors covered
· Vendor classification
· Market positioning of vendors
· Aker BioMarine
· Archer Daniels Midland Company
· CP Kelco
· CyanotechFor more information about this report visit https://www.researchandmarkets.com/research/r88cbs/global_blue?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Biotechnology Reported by GlobeNewswire 3 hours ago.
TORONTO, Dec. 20, 2018 (GLOBE NEWSWIRE) -- *Eastmain Resources Inc. (“Eastmain” or the “Company” -* *TSX:ER, OTCQX:EANRF*) reports results for 5 holes (1,558 m) drilled in late 2018 at the Percival discovery (“Percival”) and presents its focused exploration program for 2019 on the 100%-owned Clearwater Property (the “Property”) in James Bay, Québec. The early 2019 exploration program will focus on testing the extent and continuity of the Percival discovery (see PR dated *Nov. 13, 2018*). Additionally, the program will evaluate the potential of the 14-km long Knight-Serendipity volcano-sedimentary Horizon (“KS Horizon”).Percival is located 14 km ESE of the Company’s million-ounce Eau Claire gold deposit, within the 20-km long Cannard Deformation Zone (see *FIGURE 1*) and within the southern leg of the KS Horizon. Percival is a hydrothermal gold system hosted in a thick metasedimentary sequence with locally interbedded intermediate to felsic volcaniclastic rocks. Results from the new drilling provide a further understanding of the mineralization controls, namely by defining lithological and structural settings, within the host stratigraphy while identifying at least two gold mineralized zones within the metasedimentary package (see *FIGURES 2**-6*).
*Claude Lemasson, Eastmain President and CEO commented:* “January will be a strong start to 2019 for Eastmain. With a new discovery at Clearwater and an improved geological and geophysical understanding in hand, our team is designing a focused exploration program that follows-up on our 2018 significant results. Percival represents a new style of gold mineralization on the property and we are excited to continue developing the discovery, as well as testing for new mineralization along the entire KS Horizon.”
*Drilling Highlights include:*
· *ER18-828: 1.17 g/t Au over 18.3 m *(vertical depth of 43 m), including 2.35 g/t Au over 8.0 m within the original targeted zone (silicified mudstone breccia)
· *ER18-827: 0.71 g/t Au over 51.9 m *(vertical depth of 177 m), including 2.69 g/t Au over 9.0 m in a new deeper zone (silicified greywacke with breccia interbeds and silicified mudstone breccia)
· *Improved interpretation:* Follow-up drilling focused on testing the Percival gold bearing zone, with holes drilled to the NE and SW of the discovery holes (ER18-822 and ER18-823). It extended the strike of the zone to a minimum length of 200 m and tested the 70^o SE dipping stratigraphy to approximately 250 m downdip.
· *Geophysics Airborne Survey:* Eastmain completed a Helicopter-borne VTEM™ and Horizontal Magnetic Gradiometer Geophysical Survey (VTEM Plus) along the KS Horizon (550 line-kms covering 12 kms of the KS Horizon) which includes the Percival discovery. Interpretation will be available in January and will help focus work at Percival and other prospective targets along the KS Horizon (see *FIGURE 1*).
· *Improved infrastructure:* A 14 km winter trail connecting the road-accessible Eau Claire Project and camp to the Percival discovery will be opened in January. The trail will provide improved access and cost efficiency for the winter campaign.
· *2019 Winter Drill Program:* A three-month, 20-hole (5,500 m), focused drilling campaign is planned to begin in mid-January. The program is designed to expand on the discovery while further identifying gold mineralization controls and distribution within the argillite-mudstone sedimentary package at Percival. Building on a likely successful Winter Program, a second extensive campaign will be planned for the second half of 2019 and will include additional drilling of the discovery area and test additional targets delineated along the KS Horizon, using newly acquired geophysical and soil geochemistry information.
Gold has been intersected in all holes testing for breccia units within the metasedimentary package which hosts the Percival gold mineralization. Discovery drill holes ER18-822 and ER18-823 traversed the most strongly mineralized portion drilled to date intersecting strongly silicified, sulfide rich, mineralized breccia zones where both matrix and clasts have been replaced by silica. The new holes confirm the lateral extent of potentially gold bearing breccias while intersecting less intense silicification and sulphide concentrations. Significant intercepts and hole location information are presented in Tables 1 and 2 below.
The type and intensity of alteration in the initial discovery holes suggests proximity to a syn-volcanic hydrothermal source. Preliminary interpretations strongly suggest that increases in breccia thickness, intensity of alteration (namely silicification) and to a lesser degree high sulphide content, are all controls that can be used to determine the extent, orientation, and occurrence of gold mineralization within the new zones to guide future drill testing. Oriented core measurements taken during the fall program will also assist with targeting gold bearing mineralization in the next phases of drilling.
Holes ER18-825 and ER18-828 highlight the absence of the mafic volcanic footwall seen in holes ER18-822 and others drilled further to the east. A NNW trending fault structure is magnetically inferred in this area and may represent a potential offset of stratigraphy and mineralization. One drill hole (assays pending) is testing this potential structure.
*Table 1: Significant Intercepts*
*Location* *Drill Hole* *From*
*(Au g/t)* *Vertical*
*Depth (m)* *Host Lithology*
Percival ER18-824 135.0 138.7 3.7 0.68 123 Silicified mudstone breccia
incl. 136.4 137.4 1.0 1.22
281.0 285.0 4.0 1.14 256 Silicified mudstone breccia
Percival ER18-825 9.2 23.0 13.9 0.25 10 Silicified Mudstone breccia
179.0 230.0 51.0 0.16 144 Silicified Argillite
331.0 341.0 10.0 0.27 238 Silicified Argillite
Percival ER18-826 9.2 18.6 9.4 0.30 9 Silicified mudstone breccia
99.0 100.6 1.6 1.87 70 Intensely silicified breccia
150.0 156.0 6.0 1.05 108 Intensely silicified breccia
Percival ER18-827 85.0 107.5 22.5 0.50 68 Intensely silicified breccia
incl. 85.0 89.0 4.0 1.87
106.5 107.5 1.0 1.55 76 Silicified mudstone
*223.6* *275.5* *51.9* *0.71* *177* Silicified greywacke breccia
incl. 232.5 234.5 2.0 1.37
*incl. 254.0* *263.0* *9.0* *2.69*
Percival ER18-828 *52.5* *70.8* *18.3* *1.17* *43* Breccia in silicified mudstone
*incl. 52.5* *60.5* *8.0* *2.35*
*also incl. 58.0* *60.5* *2.5* *6.80*
130.0 131.5 1.5 1.04 92 Silicified mudstone breccia
· Intervals are presented in core length; holes are generally planned to intersect mineralization as close to perpendicular to strike as possible; true widths are estimated to be 75% of downhole length when hole and dips of the mineralized horizons are considered.
· Assays presented are not capped. Intercepts occur within geological confines of major zones but have not been correlated to individual structures/horizons within these zones at this time.
· Vertical depth is measured from the surface to the mid-point of the reported interval.
*Table 2: Drill Hole Information*
*Target Zone* *Drill Hole* *UTM Coordinates Zone 18* *Azimuth* *Dip* *Total Length* *Elevation *
*Number* *Easting* *Northing* *Degrees* *Degrees* *(m)* *(m)*
Percival ER18-824 457656 5781700 360 -65 364 328
Percival ER18-825 457530 5781710 360 -45 385 328
Percival ER18-826 457695 5781752 360 -45 307 336
Percival ER18-827 457700 5781800 360 -45 294 336
Percival ER18-828 457600 5781760 360 -45 208 336
*Additional Drilling Completed and Planned*
Three additional holes (887 m) were completed this week at Percival. All three holes were collared to the west of the discovery holes, aimed at testing interpreted lateral extension, structural interpretation and possible plunge of breccia units in the sedimentary host package. Results from these holes will be available in January 2019.
*The Percival Discovery*
Percival is located 14 km ESE of the Eau Claire deposit (see *FIGURE 1*) in the Knight sector of the KS Horizon, on the Clearwater Property. The KS Horizon is characterized by an extensive package of metasedimentary and metavolcanic rocks metamorphosed from upper greenschist to lower amphibolite facies. The horizon is also affected by deformation related to major crustal scale structures specifically the Cannard Deformation zone at the Percival discovery. The stratigraphy at the Percival comprises foliated, predominantly south facing metasedimentary rocks underlain by marine mafic metavolcanics.
The Knight sector is interpreted to be at the south-western end of the prospective volcano-sedimentary sequence. Holes ER18-822 and ER18-823 were drilled on a single section (see *FIGURE 5*) to undercut gold mineralization exposed in a sequence of silicified metavolcanics and metasediments during the Company’s summer surface exploration program. These two holes intersected a silicified, sulfide rich, and gold mineralized brecciated interval of approximately 50 m in true thickness which extends from surface to a minimum vertical depth of approximately 100 m.
Holes ER18-824 to ER18-828 were drilled to flank Percival discovery holes ER18-822 and ER18-823, testing for the extension of the brecciated units over a NE strike length of 200 m and across stratigraphy over 250 m.
For additional information on the Geology of the Percival Discovery and the KS Horizon, please visit: http://www.eastmain.com/projects/clearwaterexploration/.
To view *Figures 1-6,* please click on the following link: http://www.eastmain.com/_resources/news/Images/ER-181220-Percival.pdf.
This press release was compiled and reviewed by William McGuinty, P.Geo., Eastmain’s VP Exploration and Carl Corriveau, P.Geo., Eastmain’s Exploration Manager, both Qualified Persons under National Instrument 43-101.
*Quality Assurance and Quality Control (QA/QC)*
The design of the Eastmain Resources’ drilling programs, Quality Assurance/Quality Control and interpretation of results is under the control of Eastmain’s geological staff, including qualified persons employing a strict QA/QC program consistent with NI 43-101 and industry best practices. The Clearwater project is supervised by Eastmain’s Project Geologist, Michel Leblanc P. Geo.
Drill core is logged and split with half-core samples packaged and delivered to ALS Minerals laboratory. Samples are dried and subsequently crushed to 70% passing a 2 mm mesh screen. A 1,000 grams subsample is pulverized to a nominal 85% passing 75 micron mesh screen. The remaining crushed sample (reject) and pulverized sample (pulp) are retained for further analysis and quality control. All samples are analysed by Fire Assay with an Atomic Absorption (AA) finish using a 50 g aliquot of pulverized material. Assays exceeding 5 g/t Au are re‐assayed by Fire Assay with a Gravimetric Finish. Eastmain regularly inserts 3rd party reference control samples and blank samples in the sample stream to monitor assay performance and performs duplicate sampling at a second certified laboratory. Approximately 10% of samples submitted are part of the Company’s laboratory sample control protocols.
*About Eastmain Resources Inc. (TSX:ER) **www.eastmain.com*
Eastmain is a Canadian exploration company advancing three high-grade gold assets in the emerging James Bay gold camp in Québec. The Company holds a 100% interest in the Eau Claire Project, for which it recently issued a Preliminary Economic Assessment (“PEA”), and the Eastmain Mine Project where the Company prepared a NI 43-101 Mineral Resource Estimate in 2018. Eastmain is also the manager of the Éléonore South Joint Venture, located immediately south of Goldcorp Inc.'s Éléonore Mine, which hosts a new high-grade gold discovery found in late 2017. In addition, the Company has a pipeline of exploration projects in this favourable mining jurisdiction with nearby infrastructure.
*For more information: *
Claude Lemasson, President and CEO
Alison Dwoskin, Manager, Investor Relations
*Forward-Looking Statements – *Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or timing of future plans, and include, but not limited to, statements with respect to the potential success of the Company’s future exploration and development strategies. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of Eastmain, including, but not limited to the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, the availability of financing, timely completion of proposed studies and technical reports, and risks associated with the exploration, development and mining industry generally such as economic factors as they affect exploration, future commodity prices, changes in interest rates, safety and security, political, social or economic developments, environmental risks, insurance risks, capital expenditures, operating or technical difficulties in connection with development activities, personnel relations, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of Mineral Resources, contests over property title, and changes in project parameters as plans continue to be refined. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company assumes no obligation to update such information, except as may be required by law. Reported by GlobeNewswire 3 hours ago.
MINNEAPOLIS, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Tile Shop Holdings, Inc. (Nasdaq: TTS) (the “Company”), a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories, announced today that its Board of Directors has named Cabell (Cabby) Lolmaugh as the Company’s next president and chief executive officer, effective January 1, 2019. Mr. Lolmaugh, 40, is a 17-year veteran of the Company who will also join its Board of Directors. As the Company’s new CEO, Mr. Lolmaugh’s top priority will be to continue the Company’s initiatives to deliver the best product assortment, best presentation and best service.*Cabby Lolmaugh – Background and Experience*
After serving four year years in the U.S. Marine Corps., Mr. Lolmaugh joined the Company in 2001, working in the warehouse of the Company’s Roseville, MN store, which is one of the Company’s largest and most successful stores. From that time through 2012, he served in various roles at several locations, including Store Manager in Roseville, MN and Chicago, IL. In 2014, Mr. Lolmaugh was asked to develop and lead the Company’s pro customer strategy. Under his leadership, the Company developed various programs focused on training, product assortment, merchandising and marketing to increase the level of service to the pro customer.
In 2016, he became the Company’s first Director of Talent Development and was responsible for creating and implementing a comprehensive new sales associate and store manager training program nationwide. This work included launching new training, development and compensation programs for new sales associates and senior assistant store managers, which became the foundation of the Company’s talent development strategy. In 2017, Mr. Lolmaugh was promoted to Vice President of Retail Stores West, where he was responsible for the leadership and management of approximately half of the Company’s stores.
Since February 19, 2018, Mr. Lolmaugh has been Senior Vice President and Chief Operating Officer, and has led the Company’s efforts to pivot back to the business model that proved successful for over 30 years. This included increasing the Company’s product assortment by over 2,000 skus, implementing new merchandising and display features, enhancing the Company’s regional store management structure, improving the sales associate compensation system, and strengthening the Company’s connection with its professional channel partners.
*Management Commentary – Cabby Lolmaugh, current COO and named CEO*
“I am honored and privileged to have earned this opportunity from Bob and the Board. It is a very exciting time for The Tile Shop. Our entire team has worked extremely hard and fast over the past 13 months to position our Company for success. We are positioned well to execute our stated strategy to deliver the best products, the best presentation and the best service in the industry. We will continue to be relentless in this pursuit.”
*Management Commentary – Robert Rucker, interim CEO*
“Cabby has been instrumental in getting our Company back to the Tile Shop Way of doing business. He clearly showed me and the rest of the Board that he understands our business and more importantly he knows what our customers need. This includes helping homeowners romance their home through our vast tile options and pro customers maximize their business through us. It was clear early on that Cabby had the knowledge and his actions this year give us confidence that we are on track and that he can lead us as we transition to profitable growth in 2019. The Company will be in good hands with Cabby.”
*Board Commentary – Peter Kamin, Chairman*
“On behalf of the Board, I would like to thank Bob for filling in as the interim CEO. As founder of our Company he was a strong and stabilizing presence for the organization during this period of change. Plus, with his vast knowledge and experience, it gave us time to take a methodical approach to the succession process which allowed us to develop and select the right candidate for the long term success of the Company. We are thrilled with Cabby’s performance over his career with us, in particular this year as we evaluated him to become the CEO. We look forward to a very exciting future with Cabby leading the Company. We also look forward to Bob staying involved as a Board member and a mentor consultant to Cabby.”
*About The Tile Shop*The Tile Shop (Nasdaq: TTS) is a leading specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. The Tile Shop offers a wide selection of high quality products, exclusive designs, knowledgeable staff and exceptional customer service in an extensive showroom environment. Each store is outfitted with up to 50 full-room tiled displays which are enhanced by the complimentary Design Studio, a collaborative platform to create customized 3-D design renderings to scale, allowing customers to bring their design ideas to life. The Tile Shop currently operates 140 stores in 31 states and the District of Columbia, with an average size of 20,200 square feet and sells products online at www.tileshop.com.
The Tile Shop is a proud member of the American Society of Interior Designers (ASID), National Association of Homebuilders (NAHB), National Kitchen and Bath Association (NKBA), and the National Tile Contractors Association (NTCA). Visit www.tileshop.com. Join The Tile Shop (#thetileshop) on Facebook, Instagram, Pinterest and Twitter.
*FORWARD LOOKING STATEMENTS*
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward looking statements include any statements regarding the Company’s strategic and operational plan and expected financial performance (including the financial performance of new stores). Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward looking statements, including but not limited to unforeseen events that may affect the retail market or the performance of the Company’s stores. The Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances. Investors are referred to the most recent reports filed with the SEC by the Company.
Investors and Media:
firstname.lastname@example.org Reported by GlobeNewswire 3 hours ago.
The 29-year-old man was arrested in Northern Ireland
Reported by Blackmore Vale 2 hours ago.
TORONTO, Dec. 20, 2018 (GLOBE NEWSWIRE) -- *dynaCERT *Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) is pleased to announce a new initiative in the province of Carinthia, Austria.dynaCERT has Success in Europe
dynaCERT management were in Germany and Austria in mid-December 2018 in meetings with government officials and business leaders to discuss the benefits of our HydraGEN^TM Technology to assist them in the “War against NOx”.
Management has learned first-hand that the European Union has set itself ambitious climate protection goals. By 2050, greenhouse gas emissions are to be reduced by 80 to 95 percent compared to 1990 levels. The statutory targets also include a binding reduction in emissions of 20 percent by 2020 and 40 percent by 2030.
To reach these ambitious goals in Austria, the province of Carinthia is partnering with dynaCERT in a large-scale pilot project. The province of Carinthia will order and install 4 HydraGEN^TM HG145B units on four diesel-powered heavy-duty road vehicles used in Carinthia for delivery in January 2019. The pilot project is to operate for three months and each vehicle will have a continuous portable emissions measuring systems (PEMS) device to record constant changes to the engine emissions while the HydraGEN^TM Technology is in use. Once the pilot demonstrates successful emission reductions, the province of Carinthia will equip all state-owned diesel-powered vehicles with HydraGEN^TM Technology which will contribute to the province’s policies on carbon emissions toward achievement of the Austria’s EU climate targets.
In the mid-December meetings, a letter of intent was entered into in Klagenfurt (Carinthia) between the member of provincial government, Martin Gruber (People’s Party), and dynaCERT. Mr. Gruber is a member of the same political party as Federal Chancellor Sebastian Kurz and the Austrian Environment Minister Elisabeth Köstinger, the former EU Commissioner for Agriculture and Deputy EU Spokesman for the Committee on the Environment.
As written in the letter of intent, Carinthia will assume the role of pioneer in Austria and subsequently in the European Union to ensure that all diesel-powered government heavy vehicles will be equipped with our HydraGEN^TM Technology. The People’s Party in Austria and its sister parties in Europe want to make their contribution to achieving the EU’s climate change goals.
In a statement from LAbg. Mag. Markus Malle, chairman Österreich Volkspartei (People’s Party) Kärnten & Speaker of the OeVP parliamentary party in the Carinthian Parliament. “We regard HydraGEN^TM as an interesting project for the region of Carinthia, because it may grant advantages economically as well as ecologically,” says Mag. Markus Malle, chairman of the Österreich Volkspartei (People’s Party) in the regional parliament. “We will now take the next necessary steps in the preparation of a pilot project in Carinthia and arrange so it will be possible to realize it."
Mr. Jim Payne, dynaCERT President and CEO, states, “We very much appreciate the efforts made by the Government of Carinthia to take this strong step in the “War against NOx”. dynaCERT’s HydraGEN^TM Technology has been tested and proven to provide significant reductions not only in the greenhouse gas (GHG) emissions from diesel engines but will at the same time show financial benefits to the governments with reduced down time, extended engine life, fuel, diesel particulate filter (DPF) and diesel exhaust fluid (DEF) savings.”
*About dynaCERT Inc.*
dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to the potential expansion into new markets, industries and segments, such as diesel-powered use of any of the dynaCERT products and sales. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.
The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
*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 the release.*
*On behalf of the Board*
*Murray James Payne, CEO*
*For more information, please contact:*
Jim Payne, CEO & President
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
416-766-9691 x 2
416-766-9691 x 1
ir@dynaCERT.com Reported by GlobeNewswire 2 hours ago.
LONDON, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE: GSL) (the “Company”) today announced that it has received the requisite consents to approve amendments (the “Amendments”) to the indenture (the “Indenture”) governing the Company’s 9.875% First Priority Secured Notes due 2022 (the “Notes”) dated as of October 31, 2017, among the Company, the guarantors party listed thereto (the “Guarantors”) and Citibank, N.A., London Branch, as trustee, security agent, paying agent, registrar and transfer agent.Ian Webber, Chief Executive Officer of Global Ship Lease, stated, “Having completed this consent solicitation and our strategic combination with Poseidon Containers last month, we are excited to enter 2019 as a stronger, more agile company with reduced total loan-to-value and a fleet of 38 containerships which is, on average, younger and better specified. The highly accretive transaction and our subsequent market activity to secure five-year charters on six high-specification, modern vessels have expanded our charter-attached NAV as at September 30, 2018, to over $500 million dollars, equivalent to approximately $2.75 per share on a fully diluted basis, while simultaneously increasing our contracted revenue, annualized EBITDA, and average remaining contract duration beyond that of the pre-merger GSL and improving our ability to benefit from a strengthening charter market. This positive momentum and our improved financial and competitive platform position GSL to take full advantage of the supportive long-term market fundamentals for the benefit of all stakeholders.”
The Company will make a cash payment (the “Consent Fee”) of $7.50 per $1,000 in aggregate principal amount of Notes to each holder who held such Notes as of 5:00 p.m., New York City time, on December 13, 2018 (the “Record Date”) and validly delivered (and did not validly revoke) a duly executed consent at or prior to 11:59 p.m., New York City time, on December 19, 2018 (the “Expiration Time”) in accordance with the terms and conditions set forth in the Consent Solicitation Statement, dated December 13, 2018 (the “Consent Solicitation Statement”). The Company expects the Consent Fee to be paid on December 21, 2018.
In connection with receiving the requisite consents, on December 20, 2018, the Company, the Guarantors and Citibank, N.A., London Branch, as trustee (the “Trustee”) and security agent (the “Security Agent”) executed and delivered a First Supplemental Indenture with respect to the Indenture (the “Supplemental Indenture” and such time, the “Effective Time”). Pursuant to the terms of the Supplemental Indenture, the Amendments became effective at the Effective Time, with retroactive effect as of immediately prior to the completion of the transactions contemplated by the Agreement and Plan of Merger dated October 29, 2018 by and among the Company, Poseidon Containers Holdings LLC, K&T Marine LLC and the other parties thereto, which were completed on November 15, 2018, and bind every holder of Notes. Although the Supplemental Indenture became effective upon the execution by the Company, the Guarantors, the Trustee and the Security Agent, the Amendments will not become operative and will have no effect until and unless the payment of the Consent Fee is made in accordance with the terms and conditions set forth in the Consent Solicitation Statement.
This announcement is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any security.
*About Global Ship Lease*
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under mainly long-term, fixed-rate charters to top tier container liner companies. On November 15, 2018, it completed a strategic combination with Poseidon Containers.
Global Ship Lease owns 38 vessels ranging from 2,207 to 11,040 TEU, of which nine are fuel efficient new-design wide beam, with a total capacity of 198,793 TEU and an average age, weighted by TEU capacity, of 10.7 years determined as at September 30, 2018.
The average remaining term of the charters at September 30, 2018, including those on the 19 Poseidon Containers vessels acquired on November 15, 2018 and subsequent charter agreements, was 2.7 years on a weighted basis.
*Safe Harbor Statement*
This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
The IGB Group
212-477-8438 Reported by GlobeNewswire 1 hour ago.
A retired Marine Corps combat veteran ended up on a different tour of duty Tuesday when he helped thwart an armed suspect who tried to rob a bar in Pennsylvania, according to police.
Reported by FOXNews.com 36 minutes ago.
*NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES*ST. JOHN’S, Newfoundland, Dec. 20, 2018 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“*Kraken*” or, the “*Company*”) (TSX-V: PNG) (OTCQB: KRKNF), is pleased to announce today that it has closed its previously announced “bought deal” short form prospectus offering (the “*Offering*”) of common shares of the Company (“*Common Shares*”). A total of 15,000,000 Common Shares were sold at a price of $0.40 per Common Share (the “*Issue Price*”) for gross proceeds of $6,000,000.
“Kraken is very pleased to have completed this financing with the continued support of our customer and strategic partner, Ocean Infinity Ltd., who subscribed for $1,000,000”, said Karl Kenny, Kraken’s President and CEO. “We look forward to continuing to work with Ocean Infinity as we build a variety of products and services for the underwater robotics market.”
The Offering was completed by a syndicate of underwriters led by Clarus Securities Inc. as lead underwriter and sole bookrunner, and including Beacon Securities Limited (the “*Underwriters*”). In consideration for their services, the Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering (3% in respect of President’s List purchasers) and compensation options (each a “*Compensation Option*”) equal to 4% of the Common Shares sold pursuant to the Offering (2% in respect of President’s List purchasers). Each Compensation Option entitles the holder thereof to purchase one Common Share at a price of $0.60 until December 20, 2020.
The net proceeds of the Offering are expected to be used by the Company for leasehold improvements, capital expenditures, technology and licensing payments, additional equity investments in Kraken Power GmbH, parts and inventory, and general corporate and working capital purposes, as more particularly described in the Company’s final prospectus.
The Offering is subject to TSX Venture Exchange (“*TSXV*”) final acceptance of requisite regulatory filings.
The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “*U.S. Securities* *Act*"* *), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
*About Kraken Robotics Inc.*
Kraken Robotics Inc. is a marine technology company engaged in the design, development and marketing of advanced sensors, software and underwater robotics for Unmanned Maritime Vehicles used in military and commercial applications. We are recognized as world leading innovators of synthetic aperture sonar (SAS), a revolutionary underwater imaging technology that dramatically improves seabed surveys by providing ultra-high resolution imagery at superior coverage rates. Kraken has evolved from building world class SAS sensors to building world class underwater vehicles including tethered (KATFISH™) and autonomous (THUNDERFISH^®) versions.
For more information, visit www.krakenrobotics.com.
*For further information, please contact*:Greg Reid, Chief Financial Officer
Sean Peasgood, Investor Relations
Glenda Leyte, Marketing Manager
(709) 757-5757 extension 288
This news release may contain “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities legislation. All information contained herein that is not historical in nature may constitute forward-looking information. Forward-looking statements herein include but are not limited to statements regarding the final acceptance of the TSXV and the use of proceeds, and are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Except as required by law, the Company disclaims any obligation to update or revise any forward-looking statements. Readers are cautioned not to put undue reliance on these forward-looking statements.
*Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility* *for the adequacy or accuracy of this press release.* Reported by GlobeNewswire 15 minutes ago.