Valcent Products Inc. Announces Debt Settlement and is Now Quoted Exclusively on the OTCQB

Valcent Products Inc. announced today that it has settled US $2,345,498 of debt through the issuance of 15,636,656 units at US $0.15 per unit. Each unit consists of one common share and one half warrant. One whole warrant is exercisable for period of two years into one common share at US $0.25. In addition, lock-up arrangements have been reached with... 

Update: General Maritime Corporation Announces Proposed Public Offering of Common Stock

General Maritime Corporation today announced that it has commenced a public offering of primary shares of its common stock, par value $0.01 per share (the “Common Stock”). The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the... 

Ashland Inc. Board Announces $400 Million Stock Repurchase Program, Intends to Increase Annual Dividend

Ashland Inc. announced today that its board of directors approved a $400 million stock repurchase program. Under the program, the company’s common shares will be purchased through a combination of a 10b5-1 automatic trading plan and discretionary purchases on the open market or in privately negotiated transactions. The amount and timing of any... 

Axial Vector Announces Reverse Stock Split, Name Change to “AVEC Corporation” and New Trading Symbol (AVEC)

Axial Vector Energy Corporation announced today it has changed the name of the company to “AVEC Corporation” and completed at 1-for-150 share reverse stock split and will begin trading today under the symbol (AVECD). At the Effective Date, immediately and without further action by Axial Vector stockholders, every one hundred fifty (150)... 

Frontier Oil Corporation Shareholder Investigation by Briscoe Law Firm Concerning Acquisition By Holly Corporation

The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims against the Board of Directors of Frontier Oil Corporation (“Frontier Oil” or “FTO”) (NYSE:FTO... 

Nicor Declares Dividend

The Board of Directors of Nicor Inc. (NYSE:GAS – News) declared a quarterly common stock dividend of 46.5 cents per share, payable May 1, 2011, to stockholders of record on March 31, 2011. This payment continues the annual rate of $1.86 per share and represents the 229th consecutive quarterly dividend payment by the company. Nicor Inc. (NYSE:GAS... 

Infinity Secures Additional Financing and Enters Into Forbearance Agreement With Amegy Bank, N.A.

Infinity Energy Resources, Inc. an independent oil and gas exploration and development company, today announced that it has secured $1,050,000 in additional financing and entered into a Forbearance Agreement (the “Agreement”) dated February 16, 2011 with Amegy Bank, N.A. (“Amegy”) under the Loan Agreement, dated January 9, 2007,... 

Asia Carbon Industries, Inc. Secures DTC Eligibility For Its Common Stock

Asia Carbon Industries, Inc. today announced that the Company’s common stock has been granted eligibility status by the Depository Trust Company (DTC). The Depository Trust Company is a member of the U.S. Federal Reserve System and a registered clearing agency with the Securities and Exchange Commission. It was established to provide a safe and... 

Hercules Offshore, Inc. Signs Purchase Agreement to Acquire Assets of Seahawk Drilling

Hercules Offshore, Inc. announced today that it has entered into an Asset Purchase Agreement with Seahawk Drilling, Inc. (Nasdaq:HAWK – News) and its affiliates (collectively “Seahawk”) to purchase 20 jackup rigs and related assets from Seahawk for approximately 22.3 million shares of Hercules Offshore common stock and cash consideration... 

Global MobileTech Announces DTC Eligibility

Global MobileTech, Inc. a diversified renewable energy, mobile VoIP communications and advertising company, today announced that the Company has been granted eligibility status by the Depository Trust Company (DTC). DTC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, and...