CALGARY, ALBERTA--(Marketwire - Feb. 10, 2012) - Cobalt Coal Ltd. (formerly Cobalt Coal Corp.) (TSX VENTURE: CCF) ("Cobalt" or the "Corporation") is pleased to announce that it intends to complete a private placement of up to $1,000,000 of convertible redeemable debentures (the "Debentures"), which will mature 24 months from the date of issuance (the "Maturity Date") and will bear interest at a rate of 12% per annum payable on the Maturity Date (the "Debenture Offering").
The Debentures will be convertible into units (the "Units") with each Unit comprised of one common share of the Corporation and one warrant, containing certain vesting conditions, to acquire a common share of the Corporation at an exercise price of $0.20, on the basis of 6,666 Units per $1,000 principal amount of Debentures and interest, subject to regulatory approval.
The Corporation intends to use the proceeds from the Debenture Offering to pursue acquisition opportunities for the Corporation, general working capital and the payment of expenses related to the Debenture Offering.
The Debenture Offering is subject to the approval of the TSX Venture Exchange. Pursuant to applicable securities laws, all securities issued pursuant to the Debenture Offering will be subject to a hold period of four months following the closing of the Debenture Offering.
About Cobalt
Cobalt is a publicly traded coal exploration and production company headquartered in Calgary, Alberta, Canada with a regional office in Welch, West Virginia, USA. Cobalt was created to capitalize on the growth opportunities that exist in the metallurgical coal mining industry.
The securities of Cobalt being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
READER ADVISORY
Statements in this news release may contain forward-looking information including the use of proceeds from the Debenture Offering and the timing of closing of the Debenture Offering. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. These risks include, but are not limited to, the risks associated with the coal mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cobalt Coal Ltd.
Al Kroontje
Director
403-607-4009
al@kasten.ca
Cobalt Coal Ltd.
Robert Gillies
CFO
403-538-8455
bob.gillies@sympatico.ca
Cobalt Coal Ltd.
Mike Crowder
President & CEO
304-436-2390
mike@cobaltcoalcorp.com
Source: Cobalt Coal Ltd.
SEATTLE--(BUSINESS WIRE)-- HomeStreet, Inc. (NASDAQ: HMST), holding company for HomeStreet Bank, today announced the pricing of its initial public offering of 1,818,181 shares of its common stock, all of which are being sold by HomeStreet at a price to the public of $44 per share. Shares of HomeStreet common stock will trade on the Nasdaq Global Market under the symbol “HMST.” The company has granted the underwriters in the offering the option to purchase up to an additional 272,727 shares of common stock at the initial public offering price to cover over-allotments, if any. The offering is being made through its underwriter and sole book-running manager, FBR Capital Markets & Co.
Copies of the final prospectus relating to the offering may be obtained from: FBR Capital Markets & Co., 1001 19th Street North, Suite 2200, Arlington, Virginia 22209.
A registration statement relating to these securities was declared effective on February 10, 2012.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HomeStreet
HomeStreet, Inc. is a 90-year-old diversified financial services company headquartered in Seattle, Washington, that has grown from a small mortgage bank to a full-service community bank serving consumers and businesses in the Pacific Northwest and Hawaii. In 1986 we established HomeStreet Bank to fund our lending activities and to offer a broader range of products and services. Our banking strategy has allowed us to expand our lending activities while building stable core deposits and a more diversified core customer base that offers better cross-selling opportunities. HomeStreet has the oldest continuous relationship of all Fannie Mae seller servicers in the nation, having been the second company approved by Fannie Mae at its founding in 1938.
Our primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. HomeStreet Bank is a Washington state-chartered savings bank that provides deposit and investment products and cash management services. The Bank also provides loans for single family homes, commercial real estate, construction, land development and commercial businesses. HomeStreet Capital Corporation, a Washington corporation, originates, sells and services multifamily mortgage loans under the Fannie Mae Delegated Underwriting and Servicing™ Program (“DUS”) in conjunction with HomeStreet Bank. We also provide insurance products and services for consumers and businesses as HomeStreet Insurance and loans for single family homes through a joint venture, Windermere Mortgage Services Series LLC (“WMS”).
HomeStreet, Inc.Media Contact:Mark K. Mason, 206-389-6309mark.mason@homestreet.comorInvestor Contact:Terri Silver, 206-389-6303terri.silver@homestreet.com
Source: HomeStreet, Inc.
BOSSIER CITY, La., Feb. 10, 2012 /PRNewswire/ -- Bossier Casino Venture, LLC (dba Margaritaville Resort Casino) announced the successful closing of its project financing for the Margaritaville Resort Casino to be built in Bossier City, Louisiana. Construction on the $197 million casino and hotel resort is expected to commence immediately and extend for approximately 16 months, with a targeted opening date in June 2013.
The resort will feature a 30,000 square foot, single-level gaming floor, unlike the other existing riverboat gaming facilities in the Shreveport-Bossier City market. The casino will include over 1,300 slot machines and 46 table games as well as the famous "It's 5 O'Clock Somewhere" bar. The project will also feature a 396-room, 18 story hotel, a 900-seat state of the art entertainment venue, spa and fitness center, outdoor pool deck and dining area, dramatic landscaping and four food & beverage outlets, including the trademark Margaritaville Restaurant.
"We are excited to begin construction on our Margaritaville Resort Casino, which will combine the care-free, island lifestyle theme of Margaritaville with a 'Las Vegas' style gaming experience and enable the Shreveport-Bossier City gaming market to experience major growth," said Paul Alanis, President and Chief Executive Officer, and former Chief Executive Officer of Pinnacle Entertainment, Inc. Concurrently with the closing of the project financing, Bossier Casino Venture, LLC exercised its option with Isle of Capri Casinos, Inc. and acquired Grand Palais Riverboat, Inc., including the gaming license held by that entity. The movement of the license to Bossier Parish has previously been approved by the Louisiana Gaming Control Board and the voters in Bossier Parish. Margaritaville will be the sixth casino in the Shreveport-Bossier City gaming market and the first new facility in more than a decade.
The Margaritaville Resort Casino in Bossier City will be the third and largest Margaritaville-themed casino, with one location open in Las Vegas, Nevada and another expected to open within the next few months in Biloxi, Mississippi. The Margaritaville Resort Casino project will be located on the Red River, adjacent to the Louisiana Boardwalk — the largest outdoor shopping, dining and entertainment development in Louisiana.
Houlihan Lokey and Macquarie Capital served as joint-bookrunners on the project financing.
This press release shall not constitute an offer or solicitation with respect to any financing.
Released by: William E. Trotter, II, Chairman of The Board, Co-Managing Member / Bossier Casino Venture, Inc / 318.388-2166 / wtrotter2@gmail.com
SOURCE Bossier Casino Venture, LLC
CHINO, CA -- (MARKET WIRE) -- 02/10/12 -- Nan Richardson has joined Chino, Calif.-based commercial/retail contracting firm JG Construction as director of marketing and business development.
In her new position, Ms. Richardson will be responsible for all marketing activities both internal and external, including client relations, creating and managing the marketing plan, as well as overseeing marketing communications for the firm, which is licensed in 11 western states, including Hawaii.
Ms. Richardson enjoys 20 years of successful experience in director-level positions in marketing, public relations and business development for prominent firms in the architectural and commercial interior design fields. She possesses a unique skill set, having earned a degree in Interior Design from American Institute of Interior Design in Lucerne, Switzerland, and worked as a commercial real estate broker. Ms. Richardson is active in a variety of industry groups and charitable endeavors. She was nominated for the 2005 "Top Women in Business" Award by the Orange County Business Journal.
"We are impressed with Nan's background and experience," said Wally Clark, vice president. "Her depth of knowledge and relationships in the commercial real estate industry are invaluable to our marketing efforts."
Founded in 1979, JG Construction is a Certified Woman Owned Business and licensed general contractor in 11 western states including Hawaii. Along with JG Service Company, the two entities comprise family-owned JG Companies and serve national commercial/retail clients with a vast range of projects, from ground-up to tenant improvements to interior remodels. JG Service Company for more than 33 years has provided electrical, mechanical and construction repair services to facility managers and property owners throughout California.
For more information, please visit www.jgconstruction.com, or contact Nan Richardson at (909) 993-9393, or nanr@jgconstruction.com.
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Contact: Ann Romano 949/496-1076 Email Contact
Source: JG Construction
MANASSAS, Va., Feb. 10, 2012 /PRNewswire-USNewswire/ -- Richard A. Viguerie, the Chairman of ConservativeHQ.com, along with conservative activists Bill Wichterman and Rebecca Hagelin, hosted a luncheon and hour-long question and answer period for 90 national conservative leaders at the Conservative Political Action Conference (CPAC) in Washington, D.C.
"Four weeks ago, a large group of national conservative leaders met in Texas and came to the consensus that we should back Rick Santorum's campaign for President," noted Viguerie.
"With relatively few resources, but lots of grassroots conservative support, Rick went on to win the Republican contests in Minnesota, Missouri, and Colorado," observed Viguerie. "Today's meeting will build more grassroots conservative momentum behind Rick's campaign."
"Rick Santorum is the only reliable conservative left in the race. Whatever others may say, no other candidate can be counted on to populate his administration with conservatives the way Santorum can be. No other candidate can be depended upon to govern as a conservative the way Santorum can be," said Viguerie.
Santorum's unscripted remarks at the luncheon focused on his commitment to the conservative agenda, the importance of the conservative movement in winning the 2012 election, and the important role conservatives will play in a Santorum administration.
"Conservative principles are the things that win elections," said Santorum, who also noted, "Conservatives aren't merely a wing of the Republican Party--they are the Republican Party."
Santorum's biggest applause came when, in a not-so-subtle reference to Mitt Romney, he promised the conservative leaders that, if elected, he "would not walk away from the conservative message. It is who I am. I do what I do from the heart, not because some consultant or focus group tells me this is what to do or what to say."
"Rick Santorum is no stranger to the conservative movement. We know Rick Santorum. He walks with us, eats with us, and prays with us. He has celebrated our victories and mourned our losses," concluded Viguerie.
NOTE TO EDITORS: Richard A. Viguerie pioneered political direct mail and has been called "one of the creators of the modern conservative movement" (The Nation) and one of the "conservatives of the century"(Washington Times). He is the author of Conservatives Betrayed: How George W. Bush and Other Big Government Republicans Hijacked the Conservative Cause.
Contact: Bob Sturm, (703) 396-6974 or Ryan Rogge, (703) 396-6971After 6 PM Eastern & on weekends,(703) 307-8176 or (703) 674-6948
SOURCE ConservativeHQ.com
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