TORONTO, March 14 (Bernama) -- Gratomic Inc. ( "Gratomic " or the "Company ") (TSX-V:GRAT) (FRANKFURT:CB81) (WKN:A2JAP3) is pleased to announce that the Republic of Namibia has granted it an additional Exclusive Prospecting Licence, Number 6710 ( "EPL 6710 "). Title to EPL 6710 is registered to Luxury Investments Two Hundred and Sixty Four (PTY) Ltd., a Namibian company, of which the Company holds 91%. The remaining 9% is held by a Local Namibian pursuant to the Republic of Namibia's New Equitable Economic Empowerment Framework (www.opm.gov.na/neeef). EPL 6710 has an initial exclusivity period of 3 years.
EPL 6710 is located immediately east and north of, and contiguous with EPL 3895 that covers the Aukam graphite deposit and the Snyman graphite occurrence. The application for EPL 6710 was submitted in order to cover the potential strike extension of the Snyman graphite occurrence to the east. In addition, EPL 6710 covers additional area prospective for graphite within the "Aukam window " where the rocks hosting the Aukam and Snyman graphite are exposed beneath the regional unconformity at the base of the Nama Group sedimentary rocks. The addition of the new EPL increases the area of prospective geology covered to 63,072 hectares (630 square kilometres).
- NSI-566 shown to have restorative function in primate paralysis model -
- NSI-566 transplantation resulted in measurable improvement in forelimb function -
GERMANTOWN, Md., March 14 (Bernama) -- Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company focused on developing novel treatments for nervous system diseases, highlighted the publication of a manuscript in Nature Medicine showing that NSI-566, Neuralstem´s lead cell therapy candidate, provided meaningful improvement in forelimb function in a non-human primate model of acute spinal cord injury. The full manuscript can be found here.
The manuscript, entitled ‘Restorative Effects of Human Neural Stem Cell Grafts on the Primate Spinal Cord,´ involved a study to evaluate the potential benefits of transplanting NSI-566 into rhesus monkeys two weeks after they received a hemisection lesion of the cervical spinal cord.
SINGAPORE, March 14 (Bernama) -- A.M. Best has assigned a Financial Strength Rating of B++ (Good) and a Long-Term Issuer Credit Rating of "bbb " to Momentum Life Limited (Momentum Life) (New Zealand). The outlook assigned to these Credit Ratings (ratings) is stable.
Momentum Life is a newly formed insurance operation in New Zealand. Its ultimate parent is BlueInc Group Pty Limited (BlueInc Group) (Australia), a financial services group specializing in direct life insurance distribution and administration in Australia and New Zealand.
NEW YORK, March 14 (Bernama)-- Besyata Investment Group and The Scharf Group, both NY-based single family offices, have acquired One Dartmouth Place in Denver, CO for a purchase price of $65.5 million.
BH Management, Besyata's long-standing partner and leading property manager of 70,000+ apartments across 23 states, will handle the day-to-day property management and leasing.
NOVATO, Calif., March 14 (Bernama) -- Willis Lease Finance Corporation (NASDAQ:WLFC) today reported 50.4% growth in annual pre-tax income to $36.0 million, from $23.9 million in 2016, and recorded total revenues of $274.8 million. The Company's 2017 pretax results were driven by solid revenue growth in the core leasing business and a significant increase in spare parts and equipment sales. Aggregate lease rent and maintenance reserve revenues of $210.6 million were driven by a 90% average utilization of a lease portfolio that grew 18.1% to $1.34 billion at year-end. Spare parts and equipment sales grew 189% on a year over year basis. Net income attributable to common shareholders grew 338% to $60.3 million for the year or to $9.69 of diluted weighted average earnings per common share. The positive tax effects of the Tax Cuts and Jobs Act of 2017 contributed $43.6 million to our 2017 after tax income.
"2017 was our most profitable year on a pre-tax basis since 2008, with record revenues, " said Charles F. Willis, Chairman and CEO. "Utilization of our lease portfolio remains high due in part to robust maintenance activity on engine types we support, including some older engine types many thought would have been retired long ago. Last year was also important for us from a capital perspective as we were successful in closing our WEST III asset backed securitization and a second round of preferred equity. "
OLDTOWN BERHAD ("OLDTOWN")
VOLUNTARY TAKE-OVER OFFER BY JACOBS DOUWE EGBERTS HOLDINGS ASIA NL B.V. ("JDE ASIA" OR "OFFEROR") TO ACQUIRE ALL THE ORDINARY SHARES IN OLDTOWN ("OLDTOWN SHARES") NOT ALREADY HELD BY THE OFFEROR ("OFFER SHARES") ("OFFER")
KUALA LUMPUR, March 14 (Bernama) -- We refer to the above and the offer document dated 20 February 2018 which sets out the details, terms and conditions of the Offer ("Offer Docuement").
SHENZHEN, China, March 14 (Bernama) -- LexinFintech Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online consumer finance platform for educated young adults in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2017 before the U.S. market opens on Tuesday, March 20, 2018.
The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern time on March 20, 2018 (8:00 PM Beijing/Hong Kong time on March 20, 2018).