company news

CASTOR : Castor Maritime Inc. Announces Financing Agreements

Company news

2020-01-28 10:32:58

CASTOR ANNOUNCES FINANCING AGREEMENTS

Limassol, Cyprus, January 27, 2020 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the
“Company”), a global shipping company specializing in the ownership of dry bulk vessels, today
announced that it has successfully entered into two agreements: (i) a secured term loan financing
agreement and (ii) a non-brokered private placement of unsecured convertible debentures. The
secured term loan facility and the convertible debentures are subject to normal closing conditions.

On January 23, 2020, the Company entered into a $4.5 million secured term loan facility with a
financial institution, through one of its ship-owning subsidiaries (“the M/V Magic Sun Financing”).
The loan is expected to be drawn down on January 31, 2020, will have a tenure of five years from
the drawdown date and will bear interest at a margin plus LIBOR per annum.

Further, on January 27, 2020, the Company entered into a securities purchase agreement with an
institutional investor (the “Investor”), pursuant to which the Company will sell and the Investor will
purchase up to three convertible debentures for a maximum aggregate price of $5.0 million. The
debentures will mature twelve months from their issuance and are convertible into common shares
of the Company. The sale of the first convertible debenture in the original principal amount of $2.0
million also closed today. The other two debentures will be issued in the original principal amount
of $1.5 million each upon the fulfilment of certain conditions relating to registration rights. The
Company also entered into a registration rights agreement relating to the common shares
underlying the convertible debentures.

Castor intends to use the net proceeds from both financing transactions for working capital and
other general corporate purposes, including growing the Company’s fleet.

Petros Panagiotidis, Chief Executive Officer and Chief Financial Officer of Castor commented:

“We are pleased to have successfully completed these two financing agreements. We believe that
the inflow of gross proceeds of $9.5 million to our working capital reserves, at this point in the dry
bulk market cycle, will allow us to take advantage of attractive growth opportunities potentially
presented to us in the near future.”

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its
ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term
charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and
other materials along worldwide shipping routes.

The Company's fleet currently consists of three Panamax dry bulk carriers.

For more information please visit the company’s website at www.castormaritime.com

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private
Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking
statements in order to encourage companies to provide prospective information about their
business. Forward-looking statements include statements concerning plans, objectives, goals,
strategies, future events or performance, and underlying assumptions and other statements, which
are other than statements of historical facts. The Company desires to take advantage of the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words “believe,”
“anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,”
“should,” “expect,” “pending” and similar expressions identify forward-looking statements. The
forward-looking statements in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including without limitation, our
management’s examination of historical operating trends, data contained in our records and other
data available from third parties. Although we believe that these assumptions were reasonable
when made, because these assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are beyond our control, we cannot
assure you that we will achieve or accomplish these expectations, beliefs or projections. We
undertake no obligation to update any forward-looking statement, whether as a result of new
information, future events or otherwise. In addition to these important factors, other important
factors that, in the Company’s view, could cause actual results to differ materially from those
discussed in the forward‐looking statements include general dry bulk shipping market conditions,
including fluctuations in charterhire rates and vessel values, the strength of world economies the
stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes
in demand in the dry bulk shipping industry, including the market for our vessels, changes in our
operating expenses, including bunker prices, dry docking and insurance costs, changes in
governmental rules and regulations or actions taken by regulatory authorities, potential liability
from pending or future litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, the availability of financing and
refinancing and grow our business, vessel breakdowns and instances of off‐hire, risks associated
with vessel construction, potential exposure or loss from investment in derivative instruments,
potential conflicts of interest involving our Chief Executive Officer, his family and other members
of our senior management, and our ability to complete acquisition transactions as planned. Please
see our filings with the Securities and Exchange Commission for a more complete discussion of
these and other risks and uncertainties. The information set forth herein speaks only as of the date
hereof, and the Company disclaims any intention or obligation to update any forward‐looking
statements as a result of developments occurring after the date of this communication.

CONTACT DETAILS
For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.
Email: info@castormaritime.com

Media Contact:

Kevin Karlis
Capital Link
Email: castormaritime@capitallink.com

http://castormaritime.com/ Castor Maritime Inc. Announces Financing Agreements.pdf

New CEO in Eqology

Company news

2020-01-27 12:44:18

Robert Arnstad is starting in the position of CEO of Eqology as of February 3rd, replacing Eqologys visionary CEO since 2014, Børre Gjersvik. Børre Gjersvik is to take a new role in the company, as President Research, Development, and Communication of health concept. In this position, he will continue his vision for fantastic Eqology products.

"Eqology has grown at a tremendous rate in the last years, my passion for Eqology, its products, and people has developed equally for the previous years. I have, for some time, wanted to pursue my passion for healthy products and realized that it was time to give the CEO role to someone else to be able to focus 100% on developing health products and concepts. Together with the new CEO, I am looking forward to taking Eqology into the future. I, for sure, believe that along with Roar and the rest of the organization, we will reach our high ambition. That is also why I increased my owner position to be the second-largest stockholder at the end of 2019, says Børre Gjersvik.

The new CEO will be part of a restructured management group that has grown and implemented more specialization in the last year.

"This change in the management group of Eqology is part of our plans for future growth," says Chairman of the Board, Christian Espeseth. "We have high visions and growth goals for the company, and this is the last of many steps on our path for our ambitious goals."

"We are thrilled with what Børre has achieved since he joined the company in 2014 and that he wants to pursue the vision for the company and the products, and we support his decision to focus on our products and development within healthy living concepts. " the Chairman continuous. "Getting Roar Arnstad into Eqology with his great experience in taking companies to the next level in regards to growth from Vita and Enklere Liv is what we wanted to build the structure and experience on to secure successful future growth for Eqology."

The new management team under the leadership of Roar Arnstad will from February 2020 consist of the following members:

Roar Arnstad - CEO
Børre Gjersvik - President Research, Development and Communication of health concepts
Asgeir Naalsund - COO
Bartosz Wogórka - Head of IT & Operations
Laura Eross - Head of Sales
Dr. Med. Hogne Vik – Product and Research Director
Erik Eskedal - Head of Marketing and Communication

For inquiries:

Chairman of the Board
Christian Espeseth
408 53 000
Christian.Espeseth@redmedia.no

Head of Marketing & Communication
Erik Eskedal
936 74 374
Erik. Eskedal@Eqology.com

   

VACC: Vaccibody AS is registered on the NOTC-list

Company news

2020-01-26 16:17:23

Vaccibody AS is registered on the NOTC-list as of 27 January with ticker code “VACC”. The company has issued 55,797,676 shares each with a par value NOK 0.05, all of which are registered in the VPS with ISIN code NO 0010714785. Based on the last known trading price of NOK 98.00 per share, the market capitalization is approx. NOK 5,468 million on a non-dilutive basis, and approx. NOK 5,841 million on a fully diluted basis including 3,799,470 outstanding warrants. The company has entered into an agreement whereby it will be able to use the NOTC reporting systems as of 27 January, 2020.
Vaccibody AS is a clinical-stage biopharmaceutical company based on the technology conceived and developed at the University of Oslo and Oslo University Hospital in the laboratory of professor Bjarne Bogen, with contributions from professor Inger Sandlie. Vaccibody AS has developed a unique and innovative vaccine platform with the aim to treat and prevent pre-cancerous diseases or cancer as well as infectious diseases. Through its innovative design Vaccibody’s proprietary vaccine platform generates rapid, durable and broad antibody and T cell responses leading to remarkably potent vaccines. Vaccibody has developed compelling preclinical data and initiated the first clinical trial with VB10.16, a therapeutic vaccine against cervical precancerous lesion. Also, Vaccibody has initiated development of neoantigen-based individualized cancer vaccines and is using the Vaccibody technology to generate first-in-class therapeutics to treat cancers with a high unmet medical need.

Please see attached Vaccibody presentation and Press release.

http://www.vaccibody.com 200126_VACCIBODY REGISTERS ON THE NOTC LIST.pdf
Vaccibody presentation - NOTC listing .pdf

Ny aksje: Vaccibody AS (VACC)

Corporate actions

2020-01-26 16:07:54

Vaccibody AS (ISIN:NO0010714785, ticker VACC) er lagt inn i handelsstøttesystemet

   

Quantafuel AS (QFUEL) – Skive Plant update, Stock- listing on Merkur Market and status of Chemical Recycling.

Company news

2020-01-24 16:53:05

Skive Plant update

Quantafuel has for a long period worked diligently to complete the plant in Skive and start the transformation of plastic waste to feedstock for new plastic production. All major construction and installation works were completed by the end of Q4 2019. In addition, several individual systems were validated through System Integration Testing and all identified errors, omissions and non-optimal solutions have been or are being rectified on a running basis.
For the mechanical complete process, Quantafuel has a checklist of about 12,000 individual checkpoints that needs to be controlled and approved before start of production. This process is expected to be completed by the end of week 7.
BASF has been supportive in evaluating the readiness level of the plant and have provided invaluable support and advise that will support a controlled and safe start.
Quantafuel has set a time and date in March for hot commissioning with plastic waste and laid out a detailed scheduled of activities that needs to be completed each day until that time and date. All employees, suppliers and partners – both in Norway and Denmark – are now fully committed to this date and we will together do our outmost to avoid any delays.

Merkur Market

Quantafuel announced in Q4 last year that the company was planning for a listing on Merkur Market. We had a fixed date in December for this, but unfortunately, we were not able to complete the listing at that time because the newly issued shares to BASF had not yet been registered in the VPS register.
The process is now underway, with the aim to complete the registration process in week 6. While a concrete date for a listing on Merkur is not yet chosen, we now aim for mid-February. We do not plan for a capital increase process in conjunction with the listing.

Status Chemical Recycling

Nestle, the Swiss consumer goods giant, announced on the 16th of January that they are willing to pay up to CHF 2 billion over the 5-6 next years in a premium for food-grade recycled plastic.
This, and several similar press releases, shows the commitment to chemical recycling of plastic waste, and Quantafuel aims to use the start-up in Skive to become the global market leader within this rapidly growing new segment.


For further information, please contact:

Kjetil Bøhn
CEO
+47 91 57 38 18


About Quantafuel | https://quantafuel.com/
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.

http://www.quantafuel.com  

Aprila Bank ASA: Launch of first direct channel

Company news

2020-01-22 08:48:58

Aprila Bank is pleased to announce the launch of our first direct-to-customer product - credit line for small and medium sized businesses on our webpage kassekreditt.no.

This launch follows our original go-to-market strategy of distribution through direct channels as well as through established partner channels.

The credit line offered through kassekreditt.no is a highly flexible product. The process of becoming a customer takes just a few minutes to complete, and funds can be available the next working day. There are no fixed costs, fees or obligations and customers pay only for funds drawn from the credit line.

“As far as we know, Aprila Credit Line is the most convenient and accessible source of financing ever made available for Norwegian small- and medium sized businesses. There are around 200.000 companies in Norway with between 1 and 99 employees, and these are in general underserved by banks and other established financing providers. At the same time, these companies are the backbone of our society, and the creators of the jobs of our future. They need better and more easily available financing, and that is what we intend to provide with this very accessible financing product” says Halvor Lande, CEO of Aprila Bank.

“With Aprilas digital processes, decisions are taken in minutes instead of weeks. We are excited to offer financing completely free from fees, obligations or running costs. Customers will have the credit line available free of charge, and pay only for funds that are drawn from the credit line” adds Halvor Lande.

To avoid confusion with the newly launched Aprila Credit Line integrated inside the Tripletex online accounting system, potential new customers that are users of Tripletex are redirected to credit line in Tripletex from the kassekreditt.no onboarding process.

For Aprila this will be our first insight into direct customer relationships, which will enable us to innovate and develop our value proposition in direct contact with customers. We expect to gain valuable insights from our analytics and prediction modelling, and hence be able to increase the value offered to our distribution partners through continuous improvement of our prediction models and machine learning.

Please find a shareholder letter attached. An updated company presentation can be found on https://aprila.no/om-aprila/investor-relations.

For more information, please contact:

Halvor S Lande, CEO Aprila Bank ASA
Halvor.lande@aprila.no
+47 92 43 23 05
https://aprila.no/om-aprila

  2020-01-22 Aksjonærbrev.pdf

Otovo and GeRa Energia Brasil cooperation agreement

Company news

2020-01-21 08:27:50

(Oslo, 22.1.2020) Otovo is in advanced discussions with GeRa, a Brazilian distributed energy developer, with aim to create a joint venture targeting residential solar buyers in Brazil.

The parties have signed a term sheet defining the principles of a future shareholder agreement; the terms of a platform-as-a-service technology agreement; and an investment agreement in the company. The finalized terms and details of the cooperation are expected to be announced during the first half of 2020.

Otovo is expected to hold a minority share in the joint company, and will be provider of technology and platform through its “Otovo Cloud” and “Otovo Installer” software, for which it will charge a platform-as-a-service technology fee.

— We are seeing that our technology for selling solar energy systems and organizing distributed energy installers is creating an advantage for us in the European market. We are now taking this opportunity to cooperate with a an experienced and capable Brazilian partner to explore how to make use of this tech advantage outside our core European markets, says Andreas Thorsheim, Otovo CEO.

— The Brazilian market is well suited for residential solar energy, but still in a infant stage where the potential for growth in tremendous. We are very excited to explore this opportunity with Otovo, and believe that their technology will give us a competitive advantage in Brazil, says GeRa director André Castro.

In addition to Otovo and GeRa, Svein Harald Øygard and Halvard Idland will own shares in the joint venture through Energy Investors AS.

About GeRa
GeRa Energia Brasil is a Rio de Janeiro based distributed energy developer and operator. Their specialty is small scale hydro, commercial solar and biogas facilities in addition to energy efficiency projects. http://geraenergiabrasil.com.br/

About Otovo
Otovo is a residential solar energy marketplace headquartered in Oslo, Norway, currently with owned and operated sites in Norway, Sweden, France and Spain. Otovo’s software consists of ecommerce solutions for residential customers and a marketplace for installers to bid for projects.

About Svein Harald Øygard
Svein Harald Øygard is an entrepreneur and investor with a background from McKinsey, where he worked with energy clients in Latin America; investment banking; and government, notably as governor of the central bank of Iceland and deputy minister of finance in Norway.

   

Easybank ASA - Førtidig innfrielse av fondsobligasjon ISIN NO0010571870

Company news

2020-01-20 12:23:37

Styret i Easybank har vedtatt å innløse en fondsobligasjon på MNOK 10, som ble utstedt den 20. april 2010.
Fondsobligasjonen har en ubegrenset løpetid og har innløsningsrett (call) for utsteder. Obligasjonen har første calldato den 29. april 2020.
Det tas forbehold om at Finanstilsynet gir tillatelse til å tilbakebetale obligasjonen.

   

Huddly AS (HUDDLY) - Invitation to presentation of fourth quarter results 2019

Company news

2020-01-17 09:29:05

Huddly AS will release its fourth quarter 2019 results on Tuesday, 25 February 2020 at 08:00 (CET).
A presentation of the results will be held on the same day at 12:00 (CET). The location of the presentation is at Pareto Securities (8th floor), Dronning Mauds gate 3, Oslo.
Please register your participation with henriette@paretosec.com.

https://www.huddly.com/  
https://www.huddly.com/investor-relations/

MyBank ASA: Invitasjon til kvartalspresentasjon 31. januar kl 1100

Company news

2020-01-16 09:38:10

MyBank ASA vil fremlegge resultat for fjerde kvartal 2019 den 31. januar kl 0700. Regnskapet presenteres den 31. januar kl 1100 ved bankens lokaler i Grenseveien 97, 0663 Oslo. Det vil også bli mulig å høre presentasjonen ved å ringe inn til konferansetelefonnummeret gjengitt under.

For ytterligere informasjon:
Jakob Bronebakk, interim CEO: +47 906 39 637
Tom Knoff, styreleder: +47 913 12 876

Konferansetelefon:

+47 21 40 23 83
Konferanse-ID: 952 088 47#

Dette er MyBank:

MyBank er en 100% digital bank som skal hjelpe kunder med betalingsanmerkninger eller andre økonomiske problemer til å refinansiere dyr gjeld med sikkerhet i bolig. I tillegg tilbyr banken en attraktiv rente på sparekonto med full fleksibilitet. Banken fikk konsesjon i juli 2016, og startet virksomhet i første kvartal 2017. MyBank benytter låneagenter som en viktig salgskanal, sammen med målrettet digital markedsføring. Denne effektive og skalerbare forretningsmodellen skal gi konkurransedyktige vilkår over tid. For flere opplysninger, se http://www.mybank.no/.

   

Endring av aksje: GoodBulk Ltd (BULK)

Corporate actions

2020-01-15 10:59:09

Det er foretatt endringer i GoodBulk Ltd (ISIN:BMG4095E1003, ticker BULK). Aksjebeholdningen er øket fra 30 001 986 til 30 009 672.

   

MyBank ASA: Gjennomført ekstraordinær generalforsamling

Company news

2020-01-14 13:02:48

Det vises til MyBank ASAs melding om innkalling til ekstraordinær generalforsamling av 20. desember 2019.

Den ekstraordinære generalforsamlingen ble avholdt den 8. januar 2020. Espen Aubert, Thomas Monsen og Linn Hoel Ringvoll ble valgt som medlemmer av styret til erstatning for Knut Einar Rishovd, Paal Johnsen og Tone Haugland.

Bankens styre består således av:
• Tom Knoff (styrets leder), inntil ordinær generalforsamling 2020
• Espen Aubert, inntil 2022
• Thomas Monsen, inntil 2022
• Linn Hoel Ringvoll, inntil 2022
• Cathrine G. Kjeldsberg, inntil ordinær generalforsamling 2020.

Protokoll fra ekstraordinær generalforsamling følger vedlagt.

For ytterligere informasjon:
Jakob Bronebakk, interim CEO: +47 906 39 637
Tom Knoff, styreleder: +47 913 12 876

  20200108 Protokoll fra generalforsamling.pdf

Results of Summons to Bondholders' Meeting - January 10, 2020

Company news

2020-01-13 22:10:15

http://noramdrilling.com 20200110 Bond Summons Results.pdf

Endring av aksje: Otovo AS (OTOVO)

Corporate actions

2020-01-13 08:38:45

Det er foretatt endringer i Otovo AS (ISIN:NO0010809783, ticker OTOVO). Aksjebeholdningen er øket fra 6 902 220 til 8 481 167.

   

Eiendomsspar selger Scandic Helsfyr

Company news

2020-01-08 19:40:22

Eiendomsspar AS selger aksjene i Helsfyr utbygging II AS, som eier hotelleiendommen Scandic Helsfyr. Kjøper er Storebrand Eiendomsfond Norge KS. Hotellet er i dag under utvidelse og vil bli Scandics Største hotell i Norge, når det mot slutten av 2020 ferdigstilles med 450 rom (197 nye rom). Avtalt overtakelse er 3. februar 2020.

Salget medfører en verdiøkning på ca. kr 9 per aksje, sammenliknet med Eiendomsspar sin verdivurdering av eksisterende hotell, per 30. juni 2019.

  Pressemelding - Eiendomsspar selger Scandic Helsfyr.pdf

Endring av aksje: Northern Rig Holding Ltd (NOL)

Corporate actions

2020-01-08 18:35:01

Det er foretatt endringer i Northern Rig Holding Ltd (ISIN:BMG6682J1036, ticker NOL). Navnet Northern Rig Holding Ltd har endret navn til Northern Ocean Ltd.

   

Northern Ocean Ltd (NOL): Change of name to Northern Ocean Ltd. is registered

Company news

2020-01-08 16:54:42

As previously disclosed, the name change from Northern Rig Holding Ltd. to Northern Ocean Ltd. has now been registered with the Bermuda Registrar of Companies. The change will be effected in the VPS as of tomorrow, 9 January 2020. The company’s ISIN will not change.

   

EPTL-FF:Empire Product Tankers Limited is registered on the NOTC-list “Family & Friends”

Company news

2019-12-29 18:06:14

Empire Product Tankers Limited is registered on the NOTC-list “Family & Friends” as of 30 December 2019 with ticker code “EPTL-FF”. The company has issued 500 shares each with a par value USD 200, all of which are registered in the VPS with ISIN code MHY3003R1045. The company has entered into an agreement whereby it will be able to use the reporting systems as of 30 December 2019.
The Company will own and operate MRs, and has conditional contractual rights in place to acquire eight units of 50,000 DWT Product Chemical Tankers(the "Vessels"), subject to final agreements. The Vessels will be of Eco-design based on the latest technology of Eco hull form and engine and will be built at Hyundai, MIPO Shipyard in Ulsan, Korea and being delivered in 2019/2020.

   

Ny aksje: Empire Product Tankers Limited (EPTL-FF)

Corporate actions

2019-12-29 18:01:13

Empire Product Tankers Limited (ISIN:MHY3003R1045, ticker EPTL-FF) er lagt inn i handelsstøttesystemet

   

Aprila Bank ASA: Launch of Credit Line

Company news

2019-12-20 11:34:27

Aprila Bank is pleased to announce the launch of a new product - credit line for small and medium sized businesses. The product is integrated in the market leading online accounting system Tripletex.

As with Aprila Invoice Sales, Credit Line is a highly flexible product. The process of becoming a customer is quick, simple and seamlessly integrated in Tripletex. Onboarded customers have no obligations to consume the product, and there is no cost involved in having the credit line available. Customers pay only for what they use, which in this case is for funds drawn from the credit line.

Tripletex has 40,000 SMB customers in Norway, and is a very important distribution partner for Aprila in terms of reaching small and medium sized businesses directly and in a natural environment for financial services.

“We are very happy that Tripletex again has the boldness of being first to integrate an innovative and new product, and we have already approved 65 companies for credit line in the first two days. Norwegian SMBs are underserved and will benefit from easy and convenient access to financing when they need it. The integration with Tripletex allows for digital onboarding, automatic bookkeeping and very fast access to financing” says Halvor Lande, CEO of Aprila Bank.

“We are still early in a controlled launch of credit line in Tripletex, and have already received very positive feedback from both end users and accountants regarding the new credit line offering. With the launch of Credit Line in Tripletex we are making it easier than ever to get access to credit for SMBs, and we see this product as a natural next step in making the workday easier for our customers. We are excited to be at the forefront, by integrating services that are useful for our customers inside our online accounting system. Tripletex is the natural environment for the small and medium sized businesses to take control of their financial situation” says Hege Oustad, CEO of Tripletex AS.

“We have an excellent ongoing partnership with Tripletex as they were the first to integrate with our digital invoice sales. Small businesses have already sold invoices for a total value of 500 MNOK through this partnership” says Halvor Lande, CEO of Aprila Bank.


For more information, please contact:

Halvor S Lande, CEO Aprila Bank ASA
Halvor.lande@aprila.no
+47 92 43 23 05
https://aprila.no/om-aprila

Hege Oustad, CEO Tripletex AS
hege@tripletex.no
+47 94 34 18 98
https://www.tripletex.no/om-tripletex/

   

Office address

Postal address

Fjordalléen 16

Postboks 1501 Vika

0117 Oslo

Phone

Email

(+47) 23 11 17 41

post@notc.no