On Thursday, Callon Petroleum Corporation (NYSE:CPE)’s shares enhanced 3.85%, and closed at $8.09.
Formerly on March 23, 2015 Callon Petroleum Corporation reached a contract with Lone Star Value Administration, LLC, following which Callon has agreed to expand the size of the Corporation’s Board of Directors from seven to eight directors and to designate one new independent director – Michael L. Finch – to fill the newly-created directorship, effective the day preceding to Callon’s 2015 annual meeting of stockholders. Mr. Finch will also be nominated by the Corporation for re-election to the Board, at the Corporation’s 2015 annual meeting of stockholders, as a Class I director (whose term expires at the 2016 annual meeting of stockholders).
Following its contract with Callon, Lone Star Value has agreed to certain customary standstill and voting provisions. The contract will be filed on a Form 8-K with the Securities and Exchange Commission.
Callon Petroleum Corporation engages in the exploration, development, attainment, and production of oil and natural gas properties in the Permian Basin in West Texas. As of December 31, 2014, its estimated net proved reserves totaled 32.8 million barrel of oil equivalent, counting 25.7 million barrels of oil and 42.5 billion cubic feet of natural gas.
Tahoe Resources Inc (NYSE:TAHO), inclined 3.83%, and closed at $11.94, after Tahoe Resources Inc. and Rio Alto Mining Limited declared that have accomplished the Plan of Arrangement (Arrangement) initially declared on February 9, 2015. Rio Alto operates the La Arena mine in Peru and is developing the Shahuindo project, also in Peru. (Amounts listed are in Canadian Dollars.)
Following the Arrangement and effective upon closing of the Arrangement, Rio Alto has become a wholly-owned partner of Tahoe, and all of the issued and outstanding ordinary shares of Rio Alto were transferred to Tahoe in consideration for the issuance by Tahoe of 0.227 of a ordinary share of Tahoe and the payment of $0.001 for each Rio Alto Share. In connection with the closing of the Arrangement, Tahoe has issued an aggregate of 75,991,381 Tahoe Shares to the former shareholders of Rio Alto. On closing of the Arrangement, Tahoe has 223,726,156 ordinary shares issued and outstanding, with former Rio Alto shareholders holding about 34 percent on an undiluted basis.
Tahoe Resources Inc., together with its auxiliaries, explores for and produces precious metals in the Americas. The corporation primarily produces silver, in addition to gold, lead, and zinc. Its principal project is the Escobal project located in Southeast Guatemala.
At the end of Thursday’s trade, Elephant Talk Communications Corp (NYSEMKT:ETAK), surged 3.82%, and closed at $0.400, hitting new 52-week low of $0.20, as ValidSoft UK Limited a global supplier of transaction authentication solutions utilized by financial services, governments and enterprise sectors, and a wholly-owned partner of Elephant Talk Communications Corp. declared the signing of a large new commercial customer contract for its newly improved User Authentication platform featuring its Voice Biometric technology with a large US-based corporation.
Elephant Talk Communications Corp. operates as mobile software defined network architecture vendor in Europe and internationally. It primarily provides mobile, fixed, and convergent telecommunications software services.
New Oriental Education & Tech Grp (ADR) (NYSE:EDU), gained 3.80%, and closed at $24.04, as the largest provider of private educational services in China, declared that it will hold its annual general meeting of shareholders at 42/F, Edinburgh Tower, The Landmark, 15 Queen’s Road Central, Hong Kong, China, on April 20, 2015 at 10:00 a.m. (local time).
No proposal will be presented for shareholder approval at the annual general meeting. Instead, the annual general meeting will serve as an open forum for shareholders of record and beneficial owners of the Corporation’s American Depositary Shares (“ADSs”) to talk about Corporation affairs with administration.
New Oriental Education & Technology Group Inc. provides private educational services primarily in the People’s Republic of China. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and Commonwealth countries; and after-school tutoring courses for middle school and high school students to assist students enhance scores on entrance exams for admission into high schools or higher education institutions.
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