On Friday, Shares of Magnum Hunter Resources Corp. (NYSE:MHR), surged 28.35% to $1.63.
Magnum Hunter Resources, declared that it has received an extension from the Company’s existing lending group under its senior secured revolving credit facility with respect to the Company’s formerly revealed minimum capital raising obligation. The timeline for satisfying the capital raising obligation has now been extended from June 19, 2015 to July 10, 2015. The capital raising obligation, which requires the Company to raise $65 million of aggregate net cash proceeds from certain specified transactions, arose following a previous amendment to the Company’s senior secured revolving credit facility.
Magnum Hunter Resources Corporation, an independent oil and gas company, explores for, exploits, acquires, develops, and produces crude oil, natural gas, and natural gas liquid resources in the United States. The company operates through the U.S. Upstream, Midstream, and Oilfield Services segments.
Shares of Gold Fields Ltd. (NYSE:GFI), declined -1.56% to $3.15, during its last trading session.
Gold Fields Limited, said the U.S. Securities and Exchange Commission, which probed the producer’s sale of a stake in its South Deep mine under a South African program to expand black ownership, recommended no enforcement action be taken, according to Bloomberg.
The SEC offered the notice under guidelines in a section of the Securities Act Release No. 5310, which states that the notice “must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation,” the Johannesburg-based company said in a statement Monday. Bloomberg Reports.
In August 2010, Gold Fields agreed to issue 600,000 shares to a black-owned group and allowed it to buy 10 percent of South Deep, the world’s largest gold deposit after Grasberg in Indonesia. Local law requires mining companies to sell or cede 26 percent of their operations to black citizens. The SEC investigated the transaction in the U.S., where investors trade Gold Fields via American depositary receipts. Bloomberg added.
Gold Fields Limited operates as a gold mining company. The company engages in the exploration, extraction, processing, and smelting of gold and copper properties. It holds interests in eight operating mines in South Africa, Ghana, Australia, and Peru.
Finally, Xenia Hotels & Resorts, Inc. (NYSE:XHR), ended its last trade with 2.01% gain, and closed at $24.33, hitting its highest level.
On June 4, Xenia Hotels & Resorts, declared that its Board of Directors has authorized a cash dividend of $0.23 per share of the Company’s common stock for the second quarter of 2015. The dividend will be paid on July 15, 2015 to all holders of record of the Company’s common stock as of the close of business on June 30, 2015.
The Board of Directors also authorized a cash dividend for a partial six month period of $61.11 per share of the Company’s 12.5% Series A Cumulative Non-Voting Preferred Stock for the first six months of 2015. The dividend will be paid on June 30, 2015 to all holders of record of the preferred stock as of the close of business on June 15, 2015.
Xenia Hotels & Resorts, Inc. operates as a self-advised and self-administered REIT that invests in full service hotels in the United States. As of December 31, 2014, it owned 46 hotels comprising 12,636 rooms across 19 states and the District of Columbia. The company is based in Orlando, Florida.
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