Since the recent bailout on Wall Street, the public has started to heavily scrutinize firms' large executive pay packages. This week, John White, director of the Securities and Exchange Commission's Division of Corporation Finance, urged all U.S. companies to consider limiting compensation packages that reward excessive risk-taking by executives.
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Leisure Canada Inc. and the Dubai-based Profile Group or parties nominated thereby have agreed to amend the terms and conditions (announced on December 21, 2007) of the C$15 million investment in the Company and the US$5 million investment in the Company's operating subsidiary, Wilton Properties Limited.
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Plantation Energy, Australia's only manufacturer and exporter of Densified Biomass Fuel (DBF) pellets, and Denham Capital announced today that Denham will make up to a US$80 million equity investment in Plantation. Initial proceeds will go towards funding the construction of a new manufacturing plant in Albany, Western Australia. The investment will give Denham majority ownership of the company. The existing Plantation Energy management team will continue to manage the operations of the company.
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TELUS today announced an investment of more than $33 million in an Uptime Institute Tier III certified Internet data centre to be located in Laval, Quebec. The state-of-the-art facility will be designed according to the Leadership in Energy and Environmental Design (LEED) standards.
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Surrenda-link Investment Management, Europe's premier traded life policy investment specialist(1), has received soaring levels of enquiries from institutional investors regarding US Life Settlement investments. The company attributes the accelerated growth in enquiry levels to the credit crunch and the ensuing 'flight to safety'.
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First Industrial Realty Trust, Inc. (NYSE: FR), a leading provider of industrial real estate supply chain solutions, today announced that it has entered into a definitive agreement to invest in two state-of-the-art distribution facilities in the heart of Belgium's "Golden Triangle."
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Adult Entertainment Capital, Incorporated (OTC Bulletin Board: ADLE) has agreed to retain a 5% stake in the Southwest's most widely distributed adult nightclub publication, Stiletto Magazine, in a deal confirmed October 1, 2008.
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Sprott Resource Corp. announced that it has purchased 45,289,000 common shares of Waseca Energy Inc. for $27,173,400 ($0.60 per share), as part of a larger private placement of 52,199,589 common shares completed by Waseca. SRC holds 79.72% of the outstanding common shares of Waseca.
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Crescent Point Energy Trust (TSX: CPG.UN) and Shelter Bay Energy Inc. are pleased to announce the closing of a $300 million private placement financing for Shelter Bay.
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Sirit Inc. (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, announces that its management will be investing in the Company.
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Clarke Inc. announces that it has acquired 233,800 units of Cinram International Income Fund bringing its total holdings in Cinram to 7,993,100 units representing approximately 14.46% of the total outstanding units of Cinram and approximately 14.45% of the voting rights attached to all issued and outstanding securities of Cinram.
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Medicago Inc. (TSX-V: MDG) today announced that it has signed on September 19, 2008 a non-binding letter of intent with Philip Morris International for a private placement of 45,000,000 units at a price of $0.355 per Unit for proceeds of $15,975,000. The proceeds of the private placement will be used to further fund the development of Medicago's pandemic and seasonal influenza vaccines.
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