On Friday, Brainstorm Cell Therapeutics Inc. (NASDAQ:BCLI)’s shares surged 7.18% to $4.63, as on March 26, a biotechnology company, declared financial results for the three months and year ended December 31, 2014.
Major Clinical Highlights for 2014 and early 2015:
- In June 2014, we commenced a U.S. multi-center, randomized, double-blind placebo-controlled phase 2 study of NurOwn® in ALS:
- Enrollment has passed the half-way mark and is predictable to complete around mid-year.
- An interim safety look in January revealed no concerns.
- In the third quarter, NurOwn® was granted Fast Track Designation by the FDA to treat ALS.
- In January 2015, we stated positive final results of the Israeli phase 2a trial of NurOwn® in ALS.
- NurOwn produced large, clinically meaningful reductions in the rate of decline of both the ALS functional rating score (ALSFRS-R) and forced vital capacity (FVC).
Major Corporate Highlights for 2014 and early 2015:
- In June, we designated Tony Fiorino, MD, PhD as Chief Executive Officer.
- In June, we raised $10.5 million in a private placement financing.
- In September, we accomplished a successful uplisting of BrainStorm ordinary shares to NASDAQ.
- In January 2015, the majority of investors from the June 2014 private placement exercised their warrants in exchange for issuance of a new warrant, bringing in $13 million in gross proceeds.
Brainstorm Cell Therapeutics Inc., a biotechnology company, develops adult stem cell therapies for neurodegenerative disorders, such as amyotrophic lateral sclerosis (ALS), Parkinson’s disease, and multiple sclerosis.
Clean Energy Fuels Corp. (NASDAQ:CLNE)’s shares gained 6.80% to $5.97, during the last trading session on Friday, as Clean Energy will release financial results for the first quarter of 2015 on Monday, May 11, 2015 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Bob Vreeland will host the call.
Investors interested in participating in the live call can dial 1.877.407.4018 from the U.S. and international callers can dial 1.201.689.8471. A telephone replay will be accessible about two hours after the call concludes through Thursday, June 11 by dialing 1.877.870.5176 from the U.S., or 1.858.384.5517 from international locations, and entering Replay Pin Number 13606820.
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, operates, and maintains fueling stations; and supplies compressed natural gas (CNG) fuel for light, medium, and heavy-duty vehicles, in addition to liquefied natural gas (LNG) fuel for medium and heavy-duty vehicles.
At the end of Friday’s trade, Gold Fields Ltd. (NYSE:GFI)’s shares gained 6.45% to $4.29, after a gold mining company, declared that it has reached a three-year wage and other conditions of employment contract with its registered trade unions at its South Deep mine in South Africa .
The contract, which was signed with the National Union of Mineworkers and UASA recently, will result in average annual wage raises of 10% over the three-year period of the deal. The first raise will take effect on 1 April 2015 .
The negotiations took place at a company-level in recognition of South Deep’s significantly different operating model and labour profile to that of the other gold mining companies in South Africa . South Deep is the only fully mechanized gold mining operation in South Africa and it employs a small, skilled complement of about 3,500 employees.
As such, Gold Fields has had to give due consideration to the scarcity of mechanized mining skills in South Africa and has taken a holistic approach in its negotiations with labor.
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. The company has total gold mineral reserves of about 48.1 million ounces and mineral resources of about 108.3 million ounces. Gold Fields Limited was founded in 1887 and is based in Sandton, South Africa.
Finally, Paramount Gold and Silver Corp. (NYSEMKT:PZG), ended its Friday’s trading session with 5.66% gain, and closed at $1.12, as an exploration stage company, declared that its wholly-owned partner Paramount Gold Nevada Corp. has received approval from NYSE Regulation, Inc. for listing of Paramount Gold Nevada on the NYSE MKT, subject to SpinCo being in compliance with all listing standards on the date it starts trading on the Exchange.
Paramount intends to spin-off of Paramount Gold Nevada as a separate, publicly traded company in connection with the formerly declared merger of Paramount and Coeur Mining, Inc. (CDE). Paramount stockholders of record at the close of business on April 14, 2015 will be entitled to receive one share of ordinary stock of SpinCo for every 20 shares of Paramount ordinary stock held by such stockholder, payable or issuable upon the closing of the merger, offered that they continue to hold their Paramount shares at the time of closing of the merger. Cash will be paid in lieu of issuing fractional shares of stock.
Paramount Gold Nevada will have about 8.5 million shares of ordinary stock issued and outstanding when trading is predictable to commence on the NYSE MKT on April 20, 2015 under the ticker “PZG”. The company will be capitalized with about $10 million in cash (less transactional expenses) and no debt.
The merger is anticipated to become effective on April 17, 2015. The merger is subject to the approval of the stockholders of Paramount and Coeur, as applicable, and other customary closing conditions as set forth in the merger contract that was formerly filed under Form 8-K on December 18, 2014, as amended by Amendment No.1 dated as of March 3, 2015. If Paramount stockholders or Coeur stockholders do not approve the merger or if the other conditions to the merger are not satisfied or waived, Paramount will not be required to complete the distribution of SpinCo ordinary stock.
Paramount Gold and Silver Corp., an exploration stage company, attains, explores, and develops gold, silver, and precious metal properties in the United States and Mexico. The company owns a 100% interest in the San Miguel property that comprises 40 mining concessions covering about 142,567 hectares located in southwestern Chihuahua, northern Mexico.
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