EAGAN, Minn.--(BUSINESS WIRE)-- Norcraft Holdings, L.P. (the "Company") announced today that it is increasing the amount for which its previously announced tender offer (the "Offer") for its and Norcraft Capital Corp.'s 9.75% Senior Discount Notes Due 2012 (the "Notes") applies, from an initial tender cap of up to $35,000,000 to a new tender cap of up to $64,300,000 aggregate principal amount (as modified, the "Tender Cap") of Notes. In addition, Holdings has announced the extension of the early tender deadline (the "Early Tender Time") and the offer expiration date (the "Offer Expiration Time). The Company is extending (i) the Early Tender Time from 5:00 p.m., New York City time, on December 1, 2009, to midnight, New York City Time, on December 16, 2009 (the "New Expiration Time") and (ii) the Offer Expiration Time from midnight, New York City time, on December 15, 2009, to the New Expiration Time. Except for the increase in the Tender Cap and the extensions of the Early Tender Time and the Offer Expiration Time, all other terms and conditions of the Offer remain unchanged. Notes tendered in the Offer may not be withdrawn.
As of 5:00 p.m., New York City time, on December 1, 2009, the aggregate principal amount of the Notes tendered was $116,000,000, or approximately 98.3% of the outstanding principal amount of the Notes. Holders of Notes that validly tender their Notes prior to the New Expiration Time will be eligible to receive the early tender premium of $10.00 per $1,000 principal amount of Notes tendered and the tender offer consideration of $1,013.38 per $1,000 principal amount of Notes tendered. Holders that validly tender their Notes, and whose Notes are accepted for purchase by the Company, will also receive accrued and unpaid interest from the last interest payment date for the Notes to, but not including, the payment date for the Notes.
The Company may increase or modify the Tender Cap (in which case, the term "Tender Cap" will mean such amount as so increased) subject to applicable law, without extending withdrawal rights to Holders. Subject to the terms and conditions of the Offer, the Company will purchase an amount of Notes up to the Tender Cap on a pro rata basis. The Company will round the principal amount of the prorated Notes to be accepted down to the nearest $1,000. In the event tendered Notes are not purchased due to proration or otherwise, they will be promptly returned or credited to the Holder's account.
The Offer is conditioned on the satisfaction of certain conditions, including, among other things, the successful consummation of a proposed private placement of senior secured notes by certain of the Company's subsidiaries with the Company receiving net proceeds therefrom, together with cash on hand, in an aggregate amount sufficient to fund the Company's obligation to pay the applicable consideration to consummate the tender offers.
This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any securities of the Company or any of its subsidiaries. The offers to purchase the securities are only being made pursuant to the offer documents, including the Offer to Purchase and Consent Solicitation Statement dated November 17, 2009 (which more fully sets forth the terms and conditions of the cash tender offer to purchase Notes up to the Tender Cap), that the Company has distributed to holders of securities. The proposed private placement of senior secured notes by certain of the Company's subsidiaries will solely be made pursuant to a confidential offering memorandum. No offers are being made herein to holders of securities in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction.
UBS Investment Bank is the Dealer Manager for the tender offer and consent solicitation. Global Bondholder Services Corporation is acting as the Information Agent and as the Depositary. Persons with questions regarding the offer should contact the Dealer Manager, toll-free at (888) 719-4210 or collect at (203) 719-4210. Requests for documentation relating to the tender offer and consent solicitation may be directed to the Information Agent, toll-free at (866) 873-7700.
Source: Norcraft Holdings, L.P.
LONDON, UNITED KINGDOM -- (MARKET WIRE) -- 12/02/09 -- Online betting company Victor Chandler, has recently announced that its application for a license in South Africa has been approved.
The new base for Victor Chandler will be in Cape Town, where the forthcoming World Cup draw will take place.
CEO Michael Carlton explained: "We are naturally excited about this opportunity. The Victor Chandler brand fits perfectly with the South African market. Alongside offering a South African specific website to customers we will also be creating numerous employment opportunities. We are really proud to be involved in a country where sport is so entrenched in its culture. I will be investing locally over the next few months in order to launch our full range sports betting service in time for the World Cup."
Victor Chandler are also working on a new World Cup football betting site that will offer all the latest team news, tournament news, updated tables, fixtures and more to get football betting fans into the spirit of the beautiful game.
The launch of the new mini site will coincide with the World Cup draw on December 4th, 5pm GMT. Victor Chandler is confident that they will have some of the best world cup odds around and will be supporting the England team all the way through next summer's tournament and the current odds for England to win the World Cup are well priced at 6/1, 3rd favourites behind Spain 4/1 and recent victors over England, Brazil 9/2.
This recent plan to open in South Africa is something that comes naturally to Victor Chandler, as the company was the first to move the operation off shore by setting up in Gibraltar in 1999 and into the Far East in the early 90's.
Contacts: Victor Chandler Neal Wilkins +44 7860 443 101 neal.wilkins@vcint.com
- 11.5 million shares of common stock at $38.50 per share for gross proceeds of $442.8 million -
CAMBRIDGE, Mass.--(BUSINESS WIRE)-- Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) today announced that it has entered into an agreement to sell 11,500,000 shares of its common stock in an underwritten offering at a price to the public of $38.50 per share, which would result in aggregate gross proceeds of $442.8 million. Vertex has granted the underwriters an option to purchase up to an additional 1,500,000 shares of its common stock on the same terms and conditions.
Goldman, Sachs & Co. is acting as the sole book-running manager for the offering, with BofA Merrill Lynch, J.P. Morgan Securities Inc., and Morgan Stanley & Co. Incorporated acting as co-managers.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. An effective shelf registration statement relating to the shares of common stock Vertex intends to sell has been filed with the Securities and Exchange Commission. Any offer of shares of common stock will be made only by means of a prospectus, including a prospectus supplement, forming a part of the automatically effective shelf registration statement. A copy of the prospectus for the offering can be obtained from Goldman, Sachs & Co.'s prospectus department, at 85 Broad Street, New York, New York 10004, Fax: 212-902-9316 or email at prospectus-ny@ny.email.gs.com.
About Vertex
Vertex Pharmaceuticals Incorporated is a global biotechnology company committed to the discovery and development of breakthrough small molecule drugs for serious diseases. The Company's strategy is to commercialize its products both independently and in collaboration with major pharmaceutical companies. Vertex's product pipeline is focused on viral diseases, cystic fibrosis, inflammation, autoimmune diseases, cancer and pain.
Vertex co-discovered the HIV protease inhibitor, Lexiva, with GlaxoSmithKline.
Lexiva is a registered trademark of the GlaxoSmithKline group of companies.
(VRTX - GEN)
Source: Vertex Pharmaceuticals Incorporated
HUDSON, Colo., Dec. 2 /PRNewswire-FirstCall/ -- Magnum D'Or Resources, Inc. (OTC Bulletin Board: MDOR), releases initial CNBC airing dates for the Environmental Clean Technology TV Series. This segment will be identical to the segment airing on FOX Business Network (View Press Here), and will include footage of Magnum's Magog (Quebec) Facility, Magnum's Hudson, Colorado Facility as well as exclusive footage of Ex-White House Chairman of climate change, Roger Ballentine with Magnum's CEO, Joseph Glusic.
Magnum's 20min+ Environmental Clean Technology TV Series will also air on FOX Business Network, Hong Kong's Asia TV, Canada's DirecTV Dish and Other Leading Networks. The series will also be included in the curriculum of 90+ prestigious educational universities. Magnum will soon announce these additional networks airing dates & times as soon as they are confirmed.
Magnum is also negotiating additional air times that may add significant other markets to those previously announced. Currently,
CNBC has confirmed the following Airing Times for Sunday December 20, 2009:
City State Time ---- ----- ---- NEW YORK NY 3:00 PM ET LOS ANGELES CA 12:00 PM PT CHICAGO IL 2:00 PM CT PHILADELPHIA PA 3:00 PM ET SAN FRANCISCO-OAK-SAN JOSE CA 12:00 PM PT BOSTON (MANCHESTER) MA 3:00 PM ET DALLAS-FT. WORTH TX 2:00 PM CT WASHINGTON, DC (HAGRSTWN) DC 3:00 PM ET ATLANTA GA 3:00 PM ET DETROIT MI 3:00 PM ET HOUSTON TX 2:00 PM CT SEATTLE-TACOMA WA 12:00 PM PT MINNEAPOLIS-ST. PAUL MN 2:00 PM CT TAMPA-ST. PETE (SARASOTA) FL 3:00 PM ET MIAMI-FT. LAUDERDALE FL 3:00 PM ET CLEVELAND OH 3:00 PM ET DENVER CO 1:00 PM MT SACRAMNTO-STKTON-MODESTO CA 12:00 PM PT ORLANDO-DAYTONA BCH-MELBRN FL 3:00 PM ET PITTSBURGH PA 3:00 PM ET ST. LOUIS MO 2:00 PM CT PORTLAND, OR OR 12:00 PM PT BALTIMORE MD 3:00 PM ET INDIANAPOLIS IN 3:00 PM ET SAN DIEGO CA 12:00PM PT CHARLOTTE NC 3:00 PM ET HARTFORD & NEW HAVEN CT 3:00 PM ET RALEIGH-DURHAM (FAYETVLLE) NC 3:00 PM ET NASHVILLE TN 3:00 PM ET KANSAS CITY MO 2:00 PM CT CINCINNATI OH 3:00 PM ET MILWAUKEE WI 2:00PM CT COLUMBUS, OH OH 3:00 PM ET SALT LAKE CITY UT 1:00PM MT GREENVLL-SPART-ASHEVLL-AND NC / SC 3:00 PM ET SAN ANTONIO TX 2:00 PM CT GRAND RAPIDS-KALMZOO-B.CRK MI 3:00 PM ET BIRMINGHAM (ANN AND TUSC) AL 2:00 PM CT WEST PALM BEACH-FT. PIERCE FL 3:00 PM ET MEMPHIS TN 2:00 PM CT NORFOLK-PORTSMTH-NEWPT NWS VA 3:00 PM ET NEW ORLEANS LA 2:00 PM CT GREENSBORO-H.POINT-W.SALEM NC 3:00 PM ET OKLAHOMA CITY OK 2:00 PM CT HARRISBURG-LNCSTR-LEB-YORK PA 3:00 PM ET BUFFALO NY 3:00 PM ET ALBUQUERQUE-SANTA FE NM 1:00 PM MT PROVIDENCE-NEW BEDFORD RI 3:00 PM ET LOUISVILLE KY 3:00 PM ET LAS VEGAS NV 12:00 PM PT WILKES BARRE-SCRANTON PA 3:00 PM ET JACKSONVILLE FL 3:00 PM ET AUSTIN TX 2:00 PM CT FRESNO-VISALIA CA 12:00PM PT LITTLE ROCK-PINE BLUFF AK 2:00 PM CT ALBANY-SCHENECTADY-TROY NY 3:00 PM ET RICHMOND-PETERSBURG VA 3:00 PM ET TULSA OK 2:00 PM CT DAYTON OH 3:00 PM ET CHARLESTON-HUNTINGTON WV 3:00 PM ET KNOXVILLE TN 3:00 PM ET MOBILE-PENSACOLA (FT WALT) AL 2:00PM CT FLINT-SAGINAW-BAY CITY MI 3:00 PM ET WICHITA-HUTCHINSON PLUS KS 2:00 PM CT LEXINGTON KY 3:00 PM ET ROANOKE-LYNCHBURG VA 3:00 PM ET TOLEDO OH 3:00 PM ET GREEN BAY-APPLETON WI 2:00 PM CT DES MOINES-AMES IO 2:00 PM CT ROCHESTER, NY NY 3:00 PM ET TUCSON (SIERRA VISTA) AZ 1:00 PM MT SPRINGFIELD, MO MO 2:00 PM CT OMAHA NE 1:00 PM MT FT. MYERS-NAPLES FL 3:00 PM ET PADUCAH-C.GIRD-HARBG-MT VN KY 2:00 PM CT SPOKANE WA 12:00 PM PT SHREVEPORT LA 2:00 PM CT PORTLAND-AUBURN ME 3:00 PM ET SYRACUSE NY 3:00 PM ET CHAMPAIGN&SPRNGFLD-DECATUR IL 2:00 PM CT HUNTSVILLE-DECATUR (FLOR) AL 2:00 PM CT COLUMBIA, SC SC 3:00 PM ET MADISON WI 2:00 PM CT CHATTANOOGA TN 3:00 PM ET SOUTH BEND-ELKHART IN 3:00 PM ET JACKSON, MS MS 2:00 PM CT CEDAR RAPIDS-WTRLO-IWC&DUB IA 2:00 PM CT BURLINGTON-PLATTSBURGH WV 3:00 PM ET COLORADO SPRINGS-PUEBLO CO 1:00 PM MT DAVENPORT-R.ISLAND-MOLINE IL 2:00 PM CT TRI-CITIES, TN-VA TN / VA 3:00 PM ET WACO-TEMPLE-BRYAN TX 2:00 PM CT BATON ROUGE LA 2:00 PM CT JOHNSTOWN-ALTOONA PA 3:00 PM ET EVANSVILLE IN 3:00 PM ET YOUNGSTOWN PA 3:00 PM ET SAVANNAH GA 3:00 PM ET HARLINGEN-WSLCO-BRNSVL-MCA TX 2:00 PM CT EL PASO NM 1:00 PM MT LINCOLN & HASTINGS-KRNY NE 2:00 PM CT TYLER-LONGVIEW(LFKN&NCGD) TX 2:00 PM CT FT. WAYNE TX 2:00 PM CT SPRINGFIELD-HOLYOKE MA 3:00 PM ET GREENVILLE-N.BERN-WASHNGTN SC 3:00 PM ET
About 21st Century Business: (www.21cbtv.com) Circulation will include a combined audience of 114 million cable households; including 650 Million Viewers on Internet Television.
About Roger Ballentine: http://www.greenstrategies.com/aboutUs/bioBallentine.html
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained in this document that are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The results anticipated by any or all of these forward-looking statements may not occur. The company is not required to update its forward-looking statements.
Contact: Magnum D'Or Resources, Inc., Fort Lauderdale, FL 1-954-315-3883 www.magnumresources.net mdor@magnumresources.net Green Tech International Advisors Investor and Human Relations 1-561-674-2169 www.greentechinternationaladvisors.com info@greentechinternationaladvisors.com
SOURCE Magnum D'Or Resources, Inc.
ST. THOMAS, ONTARIO -- (MARKET WIRE) -- 12/02/09 -- Trueclaim Exploration Inc. (the "Company") (TSX VENTURE: TRM) has completed a non-brokered private placement (the "Private Placement") with the MineralFields Group for aggregate gross proceeds to the Company of $1,000,000 through the issuance of 4,000,000 flow-through units (each a "Flow-Through Unit") at a purchase price of $0.25 per Flow-Through Unit. Each Flow-Through Unit consists of one common share in the capital of the Company, issued on a flow-through basis under the provisions of the Income Tax Act (Canada), and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant has a term of 24 months from the date of closing of the Private Placement (the "Closing Date") and entitles the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.30 per share at any time on or before 12 months after the Closing Date and thereafter at an exercise price of $0.35 per share at any time until 24 months after the Closing Date.
As payment of a finder's fee in connection with the Private Placement, the Company issued 370,000 non-transferable options (each a "Finder's Option") to Limited Market Dealer Inc. ("LMD") and paid a cash finder's fee of $46,250 to LMD. Each Finder's Option is exercisable to acquire a unit (a "Finder's Unit") of the Company at an exercise price of $0.25 per Finder's Unit for a period of 24 months from the Closing Date. Each Finder's Unit consists of one non-flow-through common share in the capital of the Company and one-half of one non-transferable common share purchase warrant (each whole warrant, a "Finder's Warrant"). Each Finder's Warrant entitles the holder thereof to purchase one non-flow-through common share of the Company at an exercise price of $0.30 per share at any time on or before 12 months after the Closing Date and thereafter at an exercise price of $0.35 per share at any time until 24 months after the Closing Date. All of the securities issued in connection with the Private Placement and to the finder are subject to a four month hold period expiring April 2, 2010 under applicable securities laws and the rules of the Exchange.
"We are genuinely excited with the results of this financing with MineralFields" noted John Carter, President of Trueclaim. "We have established a compelling vision and plan for our Company and completion of this financing will allow us to continue moving forward." The Company plans to use the proceeds of the Private Placement to expand its current Phase I program for Scadding beyond the initial twenty (20) targets it had established, as well as for a defined mineral exploration program on its recently acquired 31,832 acres (12,882 hectares) of mineral claims in Scadding, Davis and Street Townships in Ontario. As previously noted by Trueclaim's consulting geologist, Mr. Bob Komarechka, P.Geo., some of the new claims are adjacent to previously mined mineralization which have included historic gold, nickel, copper and PGM (platinum group metal) occurrences and geophysical anomalies.
The Company is also pleased to announce that its Phase I Scadding drill program is now fully underway. As of the date of this release the Company had completed drilling on eleven of its initial twenty targeted holes. Mr. Carter noted that "it's been an outstanding team effort by our geologists and management group to map all of the previous work done on the property and translate that information into a comprehensive three-dimensional model of the site. The net effect has been to create an efficient and productive drill program and we're looking forward to completing the first round of assays on Scadding over the next few days."
We seek Safe Harbour.
ON BEHALF OF THE BOARD
TRUECLAIM EXPLORATION INC.
John Carter, President
About MineralFields, Pathway and First Canadian Securities ®
MineralFields Group (a division of Pathway Asset Management) based in Toronto, Vancouver, Montreal and Calgary is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada, as well as hard-dollar resource limited partnerships to investors throughout the world. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate class mutual fund series). First Canadian Securities® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities®.
Technical information in this news release has been reviewed by Mr. Bob Komarechka, P. Geo. and prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101. Company Management, which takes full responsibility for content, prepared this news release. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future exploration and financing plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in these statements. Such risks include expectations that may be raised by discussing potential mine types and by comparing the Company's projects to other projects. Also, in order to proceed with the Company's exploration and acquisition plans, additional funding is necessary and, depending on market conditions, this funding may not be forthcoming on a schedule or on terms that facilitate the Company's plans.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.
Contacts: Trueclaim Exploration Inc. John Carter President 519-851-9202 1-888-686-1405 (FAX)
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