Erin Energy Corp. – Camac Energy Inc. Enters Agreement to Acquire Contract Rights Located Offshore Nigeria (October 12th, 2010)
Hartsdale, New York, October 12, 2010: CAMAC Energy Inc. (NYSE Amex: CAK) (the "Company"), a US-based energy company engaged in the development and production of oil and gas in West Africa and China, announced today that it has entered into a binding Heads of Agreement (the "Agreement") with Allied Energy Resources Nigeria Limited and certain of its affiliates ("Allied") to acquire all of Allieds remaining interest in a Production Sharing Contract (the "PSC") which relates to those certain Oil Mining Leases 120 and 121 ("OML 120" and "OML 121") granted to Allied by the Federal Republic of Nigeria with respect to oil and gas assets offshore of Nigeria (the "Non-Oyo Contract Rights"). The Company previously acquired all of Allieds interest with respect to the Oyo Field, located in OML 120 (the "Oyo Contract Rights") under the PSC in a transaction that closed in April 2010. Upon consummation of the transaction contemplated under the Agreement, the Company will have acquired Allieds full i
Tlc Vision Enters Agreement for Alternative Restructuring Plan With Charlesbank Capital Partners (February 10th, 2010)
The new plan with Charlesbank provides for the following: the payment in full of all amounts owing to the Companys senior secured lenders under its credit facility; the acquisition by Charlesbank of substantially all the assets of the Company, including 100% of the equity of TLC Vision (USA) Corporation and the Companys six refractive centers in Canada; payments to employees and critical vendors in the ordinary course of business; and distributions to certain secured and unsecured creditors. There is no assurance of any distribution of funds to the shareholders of the Company under the plan. The plan sponsor agreement is subject to Bankruptcy Court approval and completion of the plan is subject to customary conditions, including Bankruptcy Court approval and all other regulatory approvals.
Ophthalmic Imaging Sys Inc – Ophthalmic Imaging Systems Announces Private Equity Financing Enters Agreement to Acquire Substantially All of the Assets of MediVision Extends Payment Date and Maturity Date for Its Outstanding Convertible Notes (June 29th, 2009)
SACRAMENTO, Calif. - June 29, 2009 -- Ophthalmic Imaging Systems ("OIS" or "the Company") (OTCBB: OISI), a leading digital imaging company, today announced it has signed a purchase agreement with U.M. AccelMed, ("AccelMed"), Limited Partnership for a $6.0 million private placement of the Company's common stock and warrants to be completed in two installments.