Category Archives: OTC

Nautilus Minerals Inc. (NUSMF: OTCQX International) | Nautilus Satisfies Intellectual Property Condition Precedent

TORONTO, ONTARIO–(Marketwired – Oct. 22, 2014) - Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF) (the “Company” or “Nautilus”) announces that the Company has satisfied the first of the two conditions precedent to its agreement with the nominee of the Independent State of Papua New Guinea (the “State”) to secure certain intellectual property rights.

In May 2014, the Company announced that following the State nominee, Eda Kopa (Solwara) Limited, paying US$113 million into escrow for its 15% interest in the Solwara 1 Project up to first production, Nautilus was to secure for the State’s nominee certain intellectual property rights and the charter of a Production Support Vessel in order for the escrowed funds to be released.

Mike Johnston, the Company’s CEO commented, “Nautilus is pleased it has satisfied the first of the conditions precedent by securing the intellectual property rights required by the State and is now one step closer to securing the release of the escrowed funds. Discussions remain on track with potential vessel partners to obtain a suitable vessel arrangement within the timeframe required under the agreement, which will see the funds released from escrow.”

Links

http://www.nautilusminerals.com/s/Media-NewsReleases.asp?ReportID=652179

Neither the TSX nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

Certain of the statements made in this news release may contain forward-looking information within the meaning of applicable securities laws, including statements with respect to securing a vessel arrangement, working with the State, the release of escrowed funds and commencing mining. We have made numerous assumptions about such statements. Even though our management believes the assumptions made and the expectations represented by such statements are reasonable, there can be no assurance that they will prove to be accurate. Forward-looking information by its nature involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information. Please refer to our most recently filed Annual Information Form in respect of material assumptions and risks related to the prospects of extracting minerals from the seafloor. With respect to the Agreement with the State, the Company is assuming that the parties will satisfy the conditions of the Agreement, including securing a vessel arrangement, and that completion of the purchase of the State’s 15% interest in the Solwara 1 Project will occur. Risks related to the Agreement are that if the conditions are not met, it could impair the Company’s relationship with the State and have a negative impact on the Company’s ability to secure a vessel and develop the Solwara 1 Project. Except as required by law, we do not expect to update forward-looking statements and information as conditions change and you are referred to the full discussion of the Company’s business contained in the Company’s reports filed with the securities regulatory authorities in Canada.

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.

Nautilus also holds approximately 450,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.

A Canadian registered company, Nautilus is listed on the TSX:NUS stock exchange and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major shareholders include MB Holding Company LLC, an Oman based group with interests in mining, oil gas, which holds a 28.14% interest, Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 20.89% holding and global mining group Anglo American, which holds a 5.99% interest (each on a non-diluted basis, excluding loan shares outstanding under the Company’s share loan plan).

Article source: http://www.otcmarkets.com/stock/NUSMF/news?id=89971

Technicolor (TCLRY: OTCQX International Premier) | TECHNICOLOR : Third quarter 2014 Revenues

  • Full year 2014 objectives confirmed
  • Q3 revenues1 down 3.1% due to low DVD volumes in the quarter

PARIS, Oct. 22, 2014 (GLOBE NEWSWIRE) — Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its revenues for the third quarter of 2014.

Frederic Rose, Chief Executive Officer of Technicolor, stated:

“While we saw a lower than expected activity in DVD Services in the third quarter, our performance continued to be fuelled by profitable growth in Connected Home and Production Services. We have also progressed in the quarter on our various short and mid-term key licensing initiatives. As a result we are able to confirm our 2014 guidance and I am particularly satisfied with our strong free cash flow generation for the first nine months of the year.”

Key points

  • Q3 14 revenues1 at €839 million, down 3.1% at current currency and down 4.9% at constant currency. The revenue decrease was almost entirely due to lower DVD volumes in Q3 14.
  • Year-to-date revenues at €2.3 billion, down 2.9% at current currency and broadly stable at constant currency.
  • Continued focus on execution and operating efficiencies, in particular in DVD Services to help mitigate the impact of lower volumes on profitability.
  • Solid free cash flow generation in Q3 14, marked improvement compared to Q3 13. For the first nine months of 2014, free cash flow generation significantly above the same period last year.

2014 guidance confirmed

  • Technicolor confirms its objective to reach an Adjusted EBITDA between €550 million and €575 million;
  • Expects to generate a free cash flow of more than €200 million, despite the impact of higher cash restructuring charges compared with 2013;
  • Expects a positive net income;
  • Confirms its objective to reach a Net Debt to Adjusted EBITDA ratio well below 1.2x at end December 2014.

Innovation

  • RI continued to dedicate its work in enabling immersive media experiences through contribution to MPEG, BDA and ATSC standardization bodies, focusing on color gamut, high dynamic range and metadata based services.
  • The Group unveiled partnerships that accelerate the development and adoption of some of its technologies:

    • With Sinclair Broadcast, deploying an ATSC 3.0 4K/UltraHD testbed platform with the objective to offer broadcasters the ability to deliver the highest quality content inclusive of 4K UltraHD live broadcast in a simultaneous transmission to consumers both at home and on-the-go.
    • The successful migration of Samsung’s Media Hub customers to M-GO completed during the quarter.
  • Connected Home introduced this quarter a large number of new and innovative products and solutions with a particular focus on immersive technologies, over-the-top services and advanced products for Ultra Broadband.

The following in PDF version 

1 Excluding legacy activities.

PDF version http://hugin.info/143597/R/1864648/654506.pdf

HUG#1864648

CONTACT: Press: +33 1 41 86 53 93
         technicolorpressoffice@technicolor.com
         Investor relations: +33 1 41 86 55 95
         investor.relations@technicolor.com


TECHNICOLOR Logo

Article source: http://www.otcmarkets.com/stock/TCLRY/news?id=89959

MCW Energy Group Ltd (MCWEF: OTCQX International) | MCW Energy Group Announces Non-Brokered Private Placement and Shares for Debt Transaction

TORONTO, ONTARIO–(Marketwired – Oct. 21, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

MCW Energy Group Limited (“MCW“) (TSX VENTURE:MCW) (OTCQX:MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces that it has completed a non-brokered private placement financing by issuing 106,847 common shares at a price of $0.84 per share. All common shares issued pursuant to the financing are subject to a four month statutory hold period as well as a US restrictive legend. The financing closed on October 21, 2014, subject to final approval of the TSX Venture Exchange. The net proceeds will be used by MCW for general corporate purposes and working capital.

MCW also announces that it has entered into an agreement with an arms-length service provider, pursuant to which MCW will issue an aggregate of 199,669 common shares in satisfaction of indebtedness of US$151,278 currently owed to such service provider. MCW determined to satisfy the indebtedness with common shares in order to preserve its cash for use on the construction of its extraction technology in the Uinta Basin of Utah, USA. The shares will be issued upon acceptance by the TSX Venture Exchange. The common shares issued in satisfaction of the indebtedness will be subject to a four month statutory hold period from the date of issuance as well as a US restrictive legend.

Including the issuance of shares detailed in this news release, there are currently 49,895,355 common shares of MCW issued and outstanding.

About MCW Energy Group:

MCW Energy Group Limited is focused on value creation as (i) a distributor of gasoline and diesel fuels to service stations in Southern California for 75 years, having revenue in the fiscal year ending August 31st, 2011 of US$241.5 million, revenue of US$363.3 million for the fiscal year ending August 31st, 2012, and revenue of US$431.9 million for the fiscal year ending August 31st, 2013, and (ii) as a developer of proprietary technology for the extraction of oil from oil sands at its first field in Asphalt Ridge, Utah, USA. MCW’s management team is comprised of individuals who have extensive knowledge in both conventional and unconventional oil and gas projects and production, as well as refinery and fuel distribution experience.

The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward-looking statements in this news release, include, but are not limited to the use of proceeds of the financing, regulatory approval of the transactions, commercial viability of the technology and the extraction plant, economic performance and future plans and objectives of MCW. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although MCW believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, MCW disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any “U.S Person” (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended

(the “1933 Act”)) of any equity or other securities of MCW. The securities of MCW have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

Article source: http://www.otcmarkets.com/stock/MCWEF/news?id=89954

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