On Wednesday, in the course of current trade, Shares of Mosaic Co (NYSE:MOS), climbed 1.09%, and is now trading at $ 44.41.
Mosaic Co, declared that on June 5th, 2015, the Autorité des Marchés Financiers (the “AMF”) issued a partial revocation of the cease trade order issued on May 19th, 2015 solely to permit the closing of a financing. The cease trade order was issued because Mobi724 was unable to file its annual financial statements, MD&A and related CEO and CFO certificates for its fiscal year ended December 31, 2014 by the filing deadline of April 30, 2015 as prescribed by National Instrument 51-102 – Continuous Disclosure Obligations. The partial revocation of the cease trade order will allow Mobi724 to complete a private placement to issue a maximum of 36 363 637 common shares at a price of $ 0.0825 for the aggregate amount of $3,000,000 . The subscribers shall also be issued one common share purchase warrant for every common share issued on the first $2,000,000 at an exercise price of $0.0825 exercisable between November 15, 2015 and March 31st 2016 after which they shall expire. The distribution will only take place in Quebec .
The funds raised shall permit Mobi724 to prepare and finalize Year End Filings, to prepare its interim financial statements, interim MD&A and related CEO and CFO certificates for the interim period ended March 31, 2015, to file a full revocation order within 60 days from the closing of the private placement, to satisfy ongoing debt obligations, to pay past due payroll expenses and to satisfy minimum overhead expenses to sustain ongoing operations.
The Mosaic Company produces and markets concentrated phosphate and potash crop nutrients for the agricultural industry worldwide. It operates through two segments, Phosphates and Potash. The Phosphates segment owns and operates mines in Florida. It offers concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products.
During an Afternoon trade, Shares of Cowen Group Inc (NASDAQ:COWN), climbed 1.75%, and is now trading at $ 6.41.
Cowen Group, declared that Ryan Oatman, CFA has joined Cowen and Company’s Equity Research department as a Director to cover oil & gas exploration & production (E&P) stocks. Mr. Oatman is based in Houston and reports to Robert Fagin, Cowen’s Director of Research.
Mr. Oatman has seven years of experience in Energy sector equity research. He joins Cowen from SunTrust Robinson Humphrey where he was a research analyst, and formerly held similar roles at Canaccord Genuity and FBR Capital Markets.
Cowen Group, Inc. is a publicly owned asset administration holding company. Through its auxiliaries, the firm provides alternative investment administration, investment banking, research, and sales and trading services for its clients. It manages separate client focused portfolio through its auxiliaries.
Shares of Youku Tudou Inc (ADR) (NYSE:YOKU), during its Wednesday’s current trading session raised 0.14%, and is now trading at $ 29.64.
Youku Tudou has partnered with Disney to be the exclusive online movie marketing platform in China for its Marvel collection of movies and TV series. This cooperation will see the popularity of Disney’s Marvel brand and Youku Tudou’s position as the #1 online video platform to drive online marketing through promotion of trailers, online ticketing, live events and original programming dedicated to silver screen movies.
Youku Tudou’s strength as the leading online movie marketing platform in China comes from its market position. Leveraging its 500 million unique monthly users across screens, marketing efforts are able to disseminate across Youku Tudou’s media and entertainment ecosystem resulting in greater audience impact than traditional offline movie advertising. Disney and Marvel titles resonate with Youku Tudou’s audience with over 530 million cumulative views of titles across movies, television series, trailers, Youku Tudou original productions, and live-streaming.
Youku Tudou Inc. operates as an Internet television company in the Peoples Republic of China. Its Internet television platform enables users to search, view, and share video content across various devices. The company’s services for users comprise online video content library compriseing primarily of professionally produced content, counting television serial dramas, movies, current event reports, variety shows, and music videos.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
