Month: April 2013

Vertical Designs Ltd and Rendavi Developments to purchase R.E.H Fish Farm Ltd on 20 acres for major indoor strawberry production PR Newswire VANCOUVER, April 30, 2013 VANCOUVER , April 30, 2013 /PRNewswire/ – Vertical Designs and Rendavi Developments have signed a letter of intent to purchase R.E.H Fish farm on 20 acres and is positioning itself to be a leader in the vertical farming and Aquaculture arena, if this deal closes the plan is to build out a minimum 50,000 square foot facility that will be used for the purpose of indoor mass production of vine ripened, pesticide free, organically fed, mechanically pollinated Strawberry’s 12 months of the year utilizing its new indoor automated vertical strawberry production technology. Nick Brusatore “CEO Vertical Designs” I am very excited to begin production of our Strawberry facilities and serve the community of Langley Aldergrove B.C. with job creation utilizing a true form of new Agriculture and Aquaculture sustainability they can be proud to support, I also look forward to leading many other community’s, city’s and countries, through the vertical farming process and address some of the worlds most problematic crop issues through the power of design […]

Claimsnet Executes Amended Acquisition Agreement with TransCoastal Corporation PR Newswire DALLAS, April 30, 2013 DALLAS , April 30, 2013 /PRNewswire/ — Claimsnet.com (OTCBB: CLAI.OB), a provider of business-to-business Electronic Data Interchange (EDI) solutions for the healthcare industry, announced today that it has entered into an Amended Acquisition Agreement (the “Amended Agreement”) to acquire TransCoastal Corporation. (“TransCoastal”), also located in Dallas , Texas. The Amended Agreement was signed on April 24, 2013 . […]

Seminole Hard Rock Entertainment Commences Tender Offer And Consent Solicitation For Senior Secured Floating Rate Notes Due 2014 PR Newswire ORLANDO, Fla., April 30, 2013 ORLANDO, Fla. , April 30, 2013 /PRNewswire/ — Seminole Hard Rock Entertainment, Inc. […]

Oando Energy Resources Announces Closing of Qua Ibo Acquisition PR Newswire CALGARY, Alberta, April 30, 2013 CALGARY, Alberta , April 30, 2013 /PRNewswire/ — Oando Energy Resources Inc. (“OER” or the “Company”) (TSX: OER), a company focused on oil exploration and production in Nigeria , today announced the closing of its acquisition from Oando Plc (“Oando”) of shares in Oando Qua Ibo Limited (which holds a 40% participating interest in the Qua Ibo Field) and Oando Reservoir and Production Services Limited respectively. […]

Mohawk Medical Growth Partners Announces Closing of Brokered and Non-Brokered Private Placement and Acquisition of Medical Office Building in Medicine Hat, AB Canada NewsWire TORONTO, April 30, 2013 TORONTO , April 30, 2013 /CNW/ – Mohawk Medical Growth Partners (“Mohawk”), a private real estate investment firm, announced today it has acquired the premier medical office building in Medicine Hat, Alberta through its second vehicle, Mohawk Medicine Hat Opportunity Partners (I) LP. Mohawk purchased this property within four months of its previous acquisition. […]

DDR Reports A 12.5% Increase In Operating FFO Per Diluted Share To $0.27 For The Quarter Ended March 31, 2013 PR Newswire BEACHWOOD, Ohio, April 30, 2013 BEACHWOOD, Ohio , April 30, 2013 /PRNewswire/ — DDR Corp. (NYSE: DDR) today announced operating results for the first quarter ended March 31, 2013 . SIGNIFICANT FIRST QUARTER ACTIVITY Generated Operating FFO of $0.27 per diluted share, an increase of 12.5% compared to the first quarter of 2012 Executed 431 new leases and renewals for 2.1 million square feet Increased the portfolio leased rate by 20 basis points to 94.4% at March 31, 2013 , from 94.2% at December 31, 2012 and by 70 basis points from 93.7% at March 31, 2012 Generated positive leasing spreads, with new leases up 10.7% at 100% ownership and 11.9% on a pro rata basis, and renewals up 7.0% at 100% ownership and 7.5% on a pro rata basis; blended spreads were up 7.6% at 100% ownership and 8.4% on a pro rata basis Generated same store net operating income growth of 3.3% at 100% ownership and 3.1% on a pro rata basis as compared to the prior year Acquired $81 million of prime assets Issued $40 million of common shares to fund the net investment in prime assets Completed the disposition of $46 million of non-prime assets; DDR’s pro rata gross proceeds was $35 million Refinanced two unsecured revolving credit facilities with an aggregate availability of $815 million and a $400 million secured term loan Issued $150 million of 6.250% preferred shares, the net proceeds of which will be used to redeem $150 million of 7.375% preferred shares “We are pleased to report continued growth in Operating FFO while simultaneously improving the quality of our portfolio and enhancing balance sheet flexibility,” commented DDR’s chief executive officer, Daniel B […]

InterMedia Partners VII, L.P. and InterMedia Outdoors Holdings, LLC Deliver Proposal to Outdoor Channel Holdings, Inc. […]

Penserra Acquires Tailor Research Equity Platform Special Situation Theme Continues PR Newswire NEW YORK, April 30, 2013 NEW YORK , April 30, 2013 /PRNewswire/ — Penserra Securities LLC, a U.S. based financial services firm that specializes in global institutional trading and related brokerage services, announced that it has acquired the rights to a quantitative research platform from Tailor Research LLC further enhancing its unique brokerage technology capabilities. The acquisition brings together two of the more technology progressive boutique firms in the industry […]

Duke-American Transmission buys stake in 84-mile California transmission line PR Newswire CHARLOTTE, N.C., April 30, 2013 CHARLOTTE, N.C. , April 30, 2013 /PRNewswire/ — Duke-American Transmission today completed its previously announced purchase from Atlantic Power of 72 percent of the capacity of Path 15 – an 84-mile, 500-kilovolt transmission line in central California . The nine-year-old line connects the state’s northern and southern transmission grids, playing a key role in maintaining statewide electric system reliability and market efficiency […]