On Friday, in the course of current trade, Shares of Newmont Mining Corporation (NYSE:NEM), dropped -0.42%, and is now trading at $23.76.
Newmont Mining Corporation, declared its intention to offer 29,000,000 shares of its common stock, subject to market and other conditions, through a registered public offering. In connection with the common stock offering, Newmont has granted the underwriters a 30-day option to purchase up to an additional 4,350,000 shares of common stock. The offering will be made following the Company’s shelf registration statement filed with the Securities and Exchange Commission.
The Company intends to use the net proceeds from this offering to fund the acquisition from AngloGold Ashanti Limited of the Cripple Creek and Victor mine in Colorado, supplemented with cash from the Company’s balance sheet. Until the CC&V Acquisition is accomplished, the Company intends to place the net proceeds from this offering in short-term liquid investments. If the CC&V Acquisition is not accomplished, the Company intends to use the net proceeds from the offering for general corporate purposes (which may comprise repaying debt, funding exploration, developing its project pipeline, paying dividends or other forms of capital returned to shareholders).
Citigroup Global Markets Inc., J.P. Morgan and HSBC Securities (USA) Inc. will act as joint book-running managers for the offering.
Newmont Mining Corporation operates in the mining industry. It primarily acquires, develops, explores for, and produces gold, copper, and silver deposits. The company’s operations and/or assets are located in the United States, Australia, Peru, Indonesia, Ghana, and New Zealand.
During an early morning trade, Shares of JetBlue Airways Corporation (NASDAQ:JBLU), dipped -0.36%, and is now trading at $19.20
JetBlue Airways Corporation, launched twice-weekly service to its newest destination, Grenada’s Maurice Bishop International Airport (GND) from John F. Kennedy International Airport (JFK). The airline now offers up to 152 daily flights from the U.S. to Latin America and the Caribbean, of which up to 61 daily flights are nonstop from New York JFK and Newark Liberty International Airport (EWR). With 28 routes from the two airports to the region, there are additional routes from a number of other cities, counting Boston, Orlando, Ft. Lauderdale and Washington, D.C.
“We are thrilled to launch nonstop service between New York and Grenada,” said Dave Clark, vice president network planning, JetBlue. “Grenada is one of the most beautiful and adventurous destinations in the Caribbean, and our new nonstop service makes it much easier to get there. Whether you go for the white sand beaches, world class diving, flagship resorts, or rich history, we know you will want to return again and again.”
Grenada marks JetBlue’s 90th destination. The twice-weekly service from JFK to Grenada’s Maurice Bishop International Airport (GND) operates on Thursdays and Sundays with its spacious Airbus A320 aircraft featuring the most legroom in coach, free first-run movies on flights to/from Grenada, and unlimited snacks and soft drinks.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, Globalstar Inc. (NYSEMKT:GSAT), lost -1.42% Friday.
At the onset of the Atlantic hurricane season, Globalstar, has declared that it has once again teamed up with Lt. General Russel L. Honore, U.S. Army (Stepped down) in an initiative to raise awareness of the irreplaceable role that non-terrestrial based communications, such as Globalstar’s satellite phone solutions, play in emergency and disaster relief situations. In the devastating aftermath of hurricanes Katrina, Rita and more recently, Sandy, satellite communications providers like Globalstar played an essential part in enabling disaster recovery, search and rescue operations and restoring basic services to the public. Lightweight handheld satellite phones and PABX-compatible fixed phone solutions can be rapidly deployed to meet almost any interoperability application involving 2-way radios, telephones, and data networks.
In the aftermath of these recent events, businesses now routinely incorporate satellite phones in their disaster recovery and backup communications planning. Further, as a direct result of Hurricane Katrina, governors have put a renewed focus on statewide disaster preparedness programs, and interoperable emergency communications are a required component of the National Preparedness Aim put forth by the Department of Homeland Security in September 2011. Known for setting the standard in high quality voice and mobile data communications, Globalstar has already been adopted as the preferred statewide backup communications system in many parts of the country.
Honore is best known as an expert on global disaster preparedness. He led the joint task force responsible for the massive search-and-rescue mission and restoration of order in New Orleans and the Mississippi Gulf Coast following Hurricane Katrina in 2005. Additionally, he served in a variety of planning and response operations, counting Hurricanes Floyd, Isabel, Charley, Frances and Ivan, and has supported U.S. military emergency response abroad.
Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications.
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.
