On Monday, Shares of Hecla Mining Company (NYSE:HL), gained 8.33% to $2.21.
Hecla Mining Company, declared that a wholly owned partner of Hecla (“Hecla Sub”) has reached a credit agreement with Dolly Varden Silver Corporation (“Dolly Varden”) and another noteworthy shareholder of Dolly Varden, Robert L. Gipson, as lenders (the “Lenders”) providing for a senior, non-revolving secured loan (the “Loan”) of CDN$1,500,000. Following the Credit Agreement, Hecla Sub will act as agent on behalf of the Lenders and the Lenders have severally and not jointly agreed to advance CDN$750,000 each to Dolly Varden. An additional CDN$500,000 may be made available to Dolly Varden in the discretion of the Lenders, and in that event, each Lender will have the option to advance its pro rata share of such additional amount. The net proceeds of the Loan will be used by Dolly Varden for: (i) exploration of the Dolly Varden project in north-western British Columbia; and (ii) working capital purposes.
Following the Credit Agreement, the Loan will be secured by promissory notes and first ranking security over all of Dolly Varden’s assets. The Loan will bear interest at a rate of 5% per annum, will be repayable after one year and may be repaid earlier with no penalty.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units.
Shares of Deere & Company (NYSE:DE), inclined 6.34% to $78.24, during its last trading session.
Deere & Company, declared the company has reached a tentative agreement with the UAW to replace the six-year master labor contract that expired September 30th at midnight.
The tentative agreement is for six years and will now be presented to members for a ratification vote. Other terms of the agreement will not be made public.
The UAW represents about 10,000 Deere manufacturing employees at 12 factories in Iowa, Illinois and Kansas. The master agreement covers manufacturing employees at John Deere facilities in Davenport, Ankeny, Dubuque, Ottumwa and Waterloo, Iowa; East Moline, Moline and Milan, Illinois; and Coffeyville, Kansas.
Deere & Company along with its subsidiaries operates and organized in three major business segments: The agriculture and turf segment that manufactures and distributes a full line of agriculture and turf equipment and related service parts.
Shares of Box Inc (NYSE:BOX), declined -2.96% to $11.32, during its last trading session.
Box, unveiled advanced security, governance and infrastructure administration tools to assist businesses protect and control their most valuable enterprise content. Before an audience of thousands of IT leaders at BoxWorks, Whitney Bouck, senior vice president and general manager of Enterprise at Box, introduced enhancements to Box Governance and information rights administration on Box, in addition to expanded offerings that support secure cloud infrastructure services from Amazon and IBM.
“As more and more businesses transition to the cloud, today’s IT leaders must re-evaluate the underlying platforms that protect and secure their enterprise content,” said Whitney Bouck. “We’re building a new kind of enterprise content administration and partnership platform that meets the evolving needs of the modern enterprise.”
Bringing Legal Holds to Box Governance
Box introduced new updates to Box Governance that assist companies address their legal, regulatory and business aims for secure content collaboration. Expanding on its retention administration and partnership whitelist features, Box declared support for Legal Holds. For businesses managing legal discovery or litigation processes, Legal Holds will enable customers to put a hold on content stored in Box, enabling defensible discovery on all Box content and improved protection for customers.
Box, Inc. provides a cloud-based, mobile-optimized Enterprise Content Collaboration platform. The Company’s platform enables organizations to manage their content. Its platform enables users to collaborate on content both internally and externally, build workflows and deploy compliance and security features.
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