Aurora Cannabis Inc. says it is acquiring about 29 hectares of land in Medicine Hat, Alta., to build a new high-tech cannabis facility.
Reported by CBC.ca 42 minutes ago.
Cannabis facility size of 21 football fields planned for Medicine Hat
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Nasa astronaut posts image of the Aurora Borealis mixing with sunrise
Nasa, based in Washington DC, has re-posted the Instagram post of American astronaut Ricky Arnold who witnessed the Aurora Borealis over Earth from the International Space Station.
Reported by MailOnline 2 hours ago.
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Maleficent sequel casts Ed Skrein as villain; Angelina Jolie, Elle Fanning to reprise roles
Deadpool star Ed Skrein will be playing the antagonist in the Maleficent sequel. Actors Angelina Jolie and Elle Fanning will be reprising their roles of Maleficent and Aurora
Reported by Firstpost 4 hours ago.
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'Maleficent' sequel now shares a villain with 'Deadpool'
Deadpool star Ed Skrein will be playing the antagonist in the Maleficent sequel.
Actors Angelina Jolie and Elle Fanning will be reprising their roles of Maleficent and Aurora, respectively, in the film, which is a follow-up of their 2014 hit that grossed $758 million at the global box office, according to The Hollywood Reporter.
The details of Skrein's character have been kept in wraps as of now.
Joachim Ronning, best known for films such as Pirates of the Caribbean: Dead Men Tell No Tales and Kon-Tiki, will direct the movie.
Joe Roth is producing the film, with Jez Butterworth and Linda Woolverton penning the latest script.
Skrein, 35, is best known for playing antagonist Ajax in Ryan Reynold's Deadpool as well as for his role of Daario Naharis in Game of Thrones.
He will be next seen in Robert Rodriguez's Alita: Battle Angel, which is being produced by James Cameron, and Barry Jenkins' If Beale Street Could Talk.
Article Type:
Report
Sections:
Hollywood
Entertainment
Agencies:
PTI
Tags:
Maleficient
Deadpool
Angelina Jolie
Ed Skrein
Barry Jenkins
Elle Fanning
James Cameron
Alita: Battle Angel
Wed, 18 Apr 2018-04:06pm
Date updated:
Wednesday, 18 April 2018 - 4:06pm
Article Images:
Angelina Jolie as Maleficient
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From Print Edition:
Highlights: Reported by DNA 2 hours ago.
Actors Angelina Jolie and Elle Fanning will be reprising their roles of Maleficent and Aurora, respectively, in the film, which is a follow-up of their 2014 hit that grossed $758 million at the global box office, according to The Hollywood Reporter.
The details of Skrein's character have been kept in wraps as of now.
Joachim Ronning, best known for films such as Pirates of the Caribbean: Dead Men Tell No Tales and Kon-Tiki, will direct the movie.
Joe Roth is producing the film, with Jez Butterworth and Linda Woolverton penning the latest script.
Skrein, 35, is best known for playing antagonist Ajax in Ryan Reynold's Deadpool as well as for his role of Daario Naharis in Game of Thrones.
He will be next seen in Robert Rodriguez's Alita: Battle Angel, which is being produced by James Cameron, and Barry Jenkins' If Beale Street Could Talk.
Article Type:
Report
Sections:
Hollywood
Entertainment
Agencies:
PTI
Tags:
Maleficient
Deadpool
Angelina Jolie
Ed Skrein
Barry Jenkins
Elle Fanning
James Cameron
Alita: Battle Angel
Wed, 18 Apr 2018-04:06pm
Date updated:
Wednesday, 18 April 2018 - 4:06pm
Article Images:
Angelina Jolie as Maleficient
Short URL:
dnai.in/fnK7
Embargo:
Syndicate:
Hide lead image:
Page views:
16
From Print Edition:
Highlights: Reported by DNA 2 hours ago.
↧
Radient Technologies Inc. Finalizes Real Estate Transactions for Expansion and Provides Corporate Update
EDMONTON, Alberta, April 18, 2018 (GLOBE NEWSWIRE) -- *Radient Technologies Inc.* (“Radient” or the “Company”) (TSX Venture:RTI) is pleased to announce the following update on its operations and 2018 growth initiatives.*Finalization of Real Estate Transactions for Expansion *
Further to its news release of January 9, 2018, Radient has now signed a definitive share purchase agreement with the Amnor Group Inc. (formerly 1396730 Alberta Ltd.) (the “Vendor”) to acquire a 100% interest in 1631807 Alberta Ltd., a joint venture company (the “JV”), from the Vendor (the “JV Transaction”). The JV owns the land and building that contains the 20,000 square feet manufacturing facility in Edmonton, Canada (the “Facility”) operated by Radient. Upon closing the JV Transaction, Radient will complete an expansion of the Facility. Pursuant to the JV Transaction, Radient agreed to issue 1,246,449 common shares, at a deemed price of $1.40, to the Vendor as consideration for a 100% ownership in the JV. Radient will also assume the existing mortgage on the property in the amount of $2.4 million.
The Facility is located approximately 20 kilometers from the Aurora Sky facility owned by Aurora Cannabis Inc. (“Aurora”) (TSX:ACB) (OTCQB:ACBFF) (Frankfurt:21P) (WKN:A1C4WM). The Facility has a design capacity to process 5 metric tonnes/day of biomass and has been operational since 2016. The Facility is fully GMP compliant, with a pending ACMPR license to be granted by Health Canada. Radient has already been granted the Controlled Drugs and Substances license by Health Canada that makes it a Licensed Dealer (please see Radient’s previous news release dated February 5, 2018).
In addition, Radient has entered into a real estate purchase agreement with the Amnor Group pursuant to which Radient shall purchase two parcels of land (the “Adjacent Lands”) adjacent to the Facility (the “Adjacent Lands Transaction”). Radient is purchasing the Adjacent Lands for the future expansion of Radient’s state of the art facilities housing its unique MAP™ based extraction platform to produce high quality cannabis extracts. The acquisition of the Adjacent Lands will add an additional 80,000 sq. ft. plus of real estate that will complement the existing industrial scale MAP™ Facility. As consideration for the Adjacent Lands, Radient will issue such number of common shares to the Amnor Group, at a price of $1.34, equal to $4.3 million minus the existing mortgage on the property on the closing date of the transaction. As of today’s date, the outstanding amount of the existing mortgage on the Adjacent Lands is approximately $2.2 million.
Radient has secured a $5.5 million mortgage from Moskowitz Capital (the “Mortgage”). Radient shall use a portion of the proceeds of the Mortgage to repay the existing $2.4 million mortgage from BDC Canada on the Facility as well as the mortgage on the Adjacent Lands on the closing of the transactions. The Mortgage has a term of 24 months with an interest rate of the greater of 8.50% or the Bank of Nova Scotia Prime Rate plus 5.05% per annum. The Mortgage will be secured by the Facility and the Adjacent Lands.
Harry Kaura, a director of Radient, is a control person of the Amnor Group and therefore each of the JV Transaction and the Adjacent Lands Transaction (collectively, the “Transactions”) constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101 based on a determination that the securities of the Company are listed on the TSX Venture Exchange and that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Transactions, insofar as it involves interested parties, exceeds 25% of the market capitalization of the Company.
Each of the Transactions remains subject to certain customary closing conditions, including the approval of the Transactions by the TSX Venture Exchange. Closing of the JV Transaction is expected to occur on or about April 30, 2018 and closing of the Mortgage and the Adjacent Lands Transaction is expected to occur on or about April 30, 2018.
Radient is not paying any finder’s fees in connection with the Transactions.
*Licensing and Plant Expansion Project*
The Company, having received its Dealer’s License from Health Canada’s Office of Controlled Substances for its Research & Development Laboratory located at 8223 Roper Road in February 2018, is in the review phase of its application to the Office of Medical Cannabis for the ACMPR Production License (the “ACMPR License”) for its manufacturing facility located at 4035 101 St NW in Edmonton. Approval of the ACMPR License is dependent upon, among other things, security upgrades included in the Company’s previously announced plant expansion and optimization project, scheduled for completion in the 2^nd half of 2018. The Company’s application to the Office of Medical Cannabis for a Dealer’s License for its manufacturing facility is also currently under review.
*Shares for Service Issuance*
Radient has issued an aggregate of 44,088 common shares to third party consultants for services provided during the quarter ended March 31, 2018, pursuant to the shares for services agreements previously approved by the TSX Venture Exchange.
The common shares were issued at the TSX Venture Exchange closing share price on March 29, 2018 of $1.47.
*About Radient
*Radient extracts natural compounds from a range of biological materials using microwave assisted processing (“MAP™”), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health and personal care markets. Since 2016, Radient has expanded its offerings to enter the cannabinoids market utilizing its MAP™ platform to process and extract cannabinoids including cannabidiol and tetrahydrocannabinol from cannabis biomass. Visit www.radientinc.com for more information.
SOURCE: Radient Technologies Inc.
Denis Taschuk, Chief Executive Officer, dtaschuk@radientinc.com,
(780) 465-1318;
Mike Cabigon, Chief Operating Officer, mcabigon@radientinc.com,
(780) 465-1318
*Forward Looking Information:*
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the Company’s ability to obtain the ACMPR License and other applicable licenses; the Company’s ability to close the Transactions; the impact that the Transactions will have on the Company’s business; the Company’s ability to repay the Mortgage; the Company’s ability to expand the Facility; the Company’s ability to grow its business in the cannabis sector and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
*NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.* Reported by GlobeNewswire 2 hours ago.
Further to its news release of January 9, 2018, Radient has now signed a definitive share purchase agreement with the Amnor Group Inc. (formerly 1396730 Alberta Ltd.) (the “Vendor”) to acquire a 100% interest in 1631807 Alberta Ltd., a joint venture company (the “JV”), from the Vendor (the “JV Transaction”). The JV owns the land and building that contains the 20,000 square feet manufacturing facility in Edmonton, Canada (the “Facility”) operated by Radient. Upon closing the JV Transaction, Radient will complete an expansion of the Facility. Pursuant to the JV Transaction, Radient agreed to issue 1,246,449 common shares, at a deemed price of $1.40, to the Vendor as consideration for a 100% ownership in the JV. Radient will also assume the existing mortgage on the property in the amount of $2.4 million.
The Facility is located approximately 20 kilometers from the Aurora Sky facility owned by Aurora Cannabis Inc. (“Aurora”) (TSX:ACB) (OTCQB:ACBFF) (Frankfurt:21P) (WKN:A1C4WM). The Facility has a design capacity to process 5 metric tonnes/day of biomass and has been operational since 2016. The Facility is fully GMP compliant, with a pending ACMPR license to be granted by Health Canada. Radient has already been granted the Controlled Drugs and Substances license by Health Canada that makes it a Licensed Dealer (please see Radient’s previous news release dated February 5, 2018).
In addition, Radient has entered into a real estate purchase agreement with the Amnor Group pursuant to which Radient shall purchase two parcels of land (the “Adjacent Lands”) adjacent to the Facility (the “Adjacent Lands Transaction”). Radient is purchasing the Adjacent Lands for the future expansion of Radient’s state of the art facilities housing its unique MAP™ based extraction platform to produce high quality cannabis extracts. The acquisition of the Adjacent Lands will add an additional 80,000 sq. ft. plus of real estate that will complement the existing industrial scale MAP™ Facility. As consideration for the Adjacent Lands, Radient will issue such number of common shares to the Amnor Group, at a price of $1.34, equal to $4.3 million minus the existing mortgage on the property on the closing date of the transaction. As of today’s date, the outstanding amount of the existing mortgage on the Adjacent Lands is approximately $2.2 million.
Radient has secured a $5.5 million mortgage from Moskowitz Capital (the “Mortgage”). Radient shall use a portion of the proceeds of the Mortgage to repay the existing $2.4 million mortgage from BDC Canada on the Facility as well as the mortgage on the Adjacent Lands on the closing of the transactions. The Mortgage has a term of 24 months with an interest rate of the greater of 8.50% or the Bank of Nova Scotia Prime Rate plus 5.05% per annum. The Mortgage will be secured by the Facility and the Adjacent Lands.
Harry Kaura, a director of Radient, is a control person of the Amnor Group and therefore each of the JV Transaction and the Adjacent Lands Transaction (collectively, the “Transactions”) constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Company is relying on exemptions from the formal valuation and minority approval requirements of MI 61-101 based on a determination that the securities of the Company are listed on the TSX Venture Exchange and that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Transactions, insofar as it involves interested parties, exceeds 25% of the market capitalization of the Company.
Each of the Transactions remains subject to certain customary closing conditions, including the approval of the Transactions by the TSX Venture Exchange. Closing of the JV Transaction is expected to occur on or about April 30, 2018 and closing of the Mortgage and the Adjacent Lands Transaction is expected to occur on or about April 30, 2018.
Radient is not paying any finder’s fees in connection with the Transactions.
*Licensing and Plant Expansion Project*
The Company, having received its Dealer’s License from Health Canada’s Office of Controlled Substances for its Research & Development Laboratory located at 8223 Roper Road in February 2018, is in the review phase of its application to the Office of Medical Cannabis for the ACMPR Production License (the “ACMPR License”) for its manufacturing facility located at 4035 101 St NW in Edmonton. Approval of the ACMPR License is dependent upon, among other things, security upgrades included in the Company’s previously announced plant expansion and optimization project, scheduled for completion in the 2^nd half of 2018. The Company’s application to the Office of Medical Cannabis for a Dealer’s License for its manufacturing facility is also currently under review.
*Shares for Service Issuance*
Radient has issued an aggregate of 44,088 common shares to third party consultants for services provided during the quarter ended March 31, 2018, pursuant to the shares for services agreements previously approved by the TSX Venture Exchange.
The common shares were issued at the TSX Venture Exchange closing share price on March 29, 2018 of $1.47.
*About Radient
*Radient extracts natural compounds from a range of biological materials using microwave assisted processing (“MAP™”), a patented technology platform which provides superior customer outcomes in terms of ingredient purity, yield, and cost. From its 20,000 square foot manufacturing plant in Edmonton, Alberta, Radient serves market leaders in industries that include pharmaceutical, food, beverage, natural health and personal care markets. Since 2016, Radient has expanded its offerings to enter the cannabinoids market utilizing its MAP™ platform to process and extract cannabinoids including cannabidiol and tetrahydrocannabinol from cannabis biomass. Visit www.radientinc.com for more information.
SOURCE: Radient Technologies Inc.
Denis Taschuk, Chief Executive Officer, dtaschuk@radientinc.com,
(780) 465-1318;
Mike Cabigon, Chief Operating Officer, mcabigon@radientinc.com,
(780) 465-1318
*Forward Looking Information:*
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the growth of the Company’s business operations; the Company’s ability to obtain the ACMPR License and other applicable licenses; the Company’s ability to close the Transactions; the impact that the Transactions will have on the Company’s business; the Company’s ability to repay the Mortgage; the Company’s ability to expand the Facility; the Company’s ability to grow its business in the cannabis sector and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
*NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.* Reported by GlobeNewswire 2 hours ago.
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How a standout football player persevered following Aurora massacre
Zack Golditch was shot during the Aurora movie theater shooting in 2012. Although, he did not let the incident deter him from following his dream of playing football.
Reported by USATODAY.com 2 hours ago.
Reported by USATODAY.com 2 hours ago.
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Aurora shooting survivor Zach Golditch hopes perseverance leads to NFL draft opportunity
For so much of his career at Colorado State, OT Zack Golditch wanted to be known playing football. Instead, he became known as a victim of the Aurora theater shooting.
Reported by USATODAY.com 8 minutes ago.
Reported by USATODAY.com 8 minutes ago.
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Will “Aurora Sun” Heat Up Aurora Cannabis Inc. Stock This Summer?
Aurora Cannabis Inc. (TSX:ACB) beefs up its capacity with Aurora Sun. Could the stock be heading for another parabolic surge?
Reported by Motley Fool 1 hour ago.
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Dynagas LNG Partners LP Announces Reduction in Quarterly Distribution to $0.25 Per Common Unit
MONACO, April 18, 2018 (GLOBE NEWSWIRE) -- Dynagas LNG Partners LP (NYSE:DLNG) (the “Partnership”) announced today that, following a strategic review of its financial profile and distribution policy, the Board of Directors of the Partnership has approved a plan to reduce the quarterly distribution on the Partnership's common units to $0.25 per common unit from $0.4225 per common unit, or from $1.69 per common unit to $1.00 per common unit on an annualized basis. The reduction will take effect on May 3, 2018, upon the payment of the common unit distribution with respect to the first quarter of 2018 to common unitholders of record as of the close of business on April 26, 2018. Tony Lauritzen, Chief Executive Officer of the Partnership, commented: “This decision by our Board of Directors to reduce the level of the Partnership's quarterly common unit distribution is necessary to align the Partnership's distribution level with its capacity to generate cash flow in the long term. Despite the material increase in the Partnership’s estimated revenue contract backlog over the last two years, we have experienced a decrease in operating cash flow and a weakened distribution coverage ratio (which is our distributable cash flow available for distribution in proportion to actual cash distributed) following our shift to longer term charters for the employment of our liquefied natural gas (LNG) carriers, which provide us with greater cash flow visibility albeit at lower charter rates that provide attractive returns of capital. As the Partnership’s shorter duration time charter contracts at peak charter rates have expired or are approaching expiration, we have capitalized on our Manager’s operational track record and the versatility of the ice class LNG carriers in our fleet to secure long term employment contracts. During the last two years, the Partnership has been successful in securing a ten year contract for the employment of our 2007 built LNG carrier, Ob River, two fifteen year contracts for the employment of our 2013 built LNG carriers, Yenisei River and Lena River, an eight year contract for the employment of our 2007 built LNG carrier, Clean Energy and a three year contract for the employment of our 2013 built LNG carrier, Arctic Aurora. Today our average remaining contract term is 10 years and our estimated contracted revenue backlog is approximately $1.5 billion, which highlights our ability to secure long-term contracts in periods when the LNG shipping market has been highly competitive.”
Mr. Lauritzen added: “The Partnership’s Board of Directors believes that the new distribution level is in the best interest of the Partnership’s common unitholders as it aligns the Partnership’s cash flows with our cash payment obligations. The new distribution level is expected to provide the Partnership with approximately $24.5 million in annual cash savings in order to enhance our liquidity, strengthen our balance sheet and improve our distribution coverage ratio. Although our pro-forma 2018 distribution coverage ratio is expected to be below 1x, we believe the new distribution level is viable on an actual cash basis since it reduces the Partnership’s current need to utilize existing cash reserves to fund distributions to unitholders. Strengthening the Partnership's financial position will also enable us to focus on growth projects, including the acquisition of LNG carriers from our Sponsor or from third parties which, if consummated, would be expected to improve our distribution coverage ratio to above 1x. Since our initial public offering in November 2013, the Partnership has paid total cash distributions on our common units of $6.79 per common unit. We will remain focused on delivering value to our unitholders.”
*About Dynagas LNG Partners LP*
Dynagas LNG Partners LP (NYSE: DLNG) is a growth-oriented partnership formed by Dynagas Holding Ltd., its sponsor, to own and operate liquefied natural gas (“LNG”) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with an aggregate carrying capacity of approximately 914,000 cubic meters.
Visit the Partnership’s website at www.dynagaspartners.com
*Contact Information:*
Dynagas LNG Partners LP
23, Rue Basse, 98000 Monaco
Attention: Michael Gregos
Tel. +377 99996445
Email: management@dynagaspartners.com
*Investor Relations / Financial Media:*
Nicolas Bornozis
President Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com
*Forward-Looking Statement*
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending,” “will” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Partnership’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Reported by GlobeNewswire 57 minutes ago.
Mr. Lauritzen added: “The Partnership’s Board of Directors believes that the new distribution level is in the best interest of the Partnership’s common unitholders as it aligns the Partnership’s cash flows with our cash payment obligations. The new distribution level is expected to provide the Partnership with approximately $24.5 million in annual cash savings in order to enhance our liquidity, strengthen our balance sheet and improve our distribution coverage ratio. Although our pro-forma 2018 distribution coverage ratio is expected to be below 1x, we believe the new distribution level is viable on an actual cash basis since it reduces the Partnership’s current need to utilize existing cash reserves to fund distributions to unitholders. Strengthening the Partnership's financial position will also enable us to focus on growth projects, including the acquisition of LNG carriers from our Sponsor or from third parties which, if consummated, would be expected to improve our distribution coverage ratio to above 1x. Since our initial public offering in November 2013, the Partnership has paid total cash distributions on our common units of $6.79 per common unit. We will remain focused on delivering value to our unitholders.”
*About Dynagas LNG Partners LP*
Dynagas LNG Partners LP (NYSE: DLNG) is a growth-oriented partnership formed by Dynagas Holding Ltd., its sponsor, to own and operate liquefied natural gas (“LNG”) carriers employed on multi-year charters. The Partnership’s current fleet consists of six LNG carriers, with an aggregate carrying capacity of approximately 914,000 cubic meters.
Visit the Partnership’s website at www.dynagaspartners.com
*Contact Information:*
Dynagas LNG Partners LP
23, Rue Basse, 98000 Monaco
Attention: Michael Gregos
Tel. +377 99996445
Email: management@dynagaspartners.com
*Investor Relations / Financial Media:*
Nicolas Bornozis
President Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com
*Forward-Looking Statement*
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Partnership desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “expected,” “pending,” “will” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership’s management of historical operating trends, data contained in its records and other data available from third parties. Although the Partnership believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Partnership’s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Partnership’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Partnership’s filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Partnership disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Reported by GlobeNewswire 57 minutes ago.
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Suburban Chicago police release video in fatal shootout
AURORA, Ill. (AP) — Suburban Chicago police have released video clips and photos of a March shootout that wounded two officers and killed a 36-year-old man. Aurora police spokesman Dan Ferrelli says the department released the images Tuesday “to be as transparent as possible during an open and complicated investigation.” Santiago Calderon of Aurora died […]
Reported by Seattle Times 1 day ago.
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Aurora shooting survivor Zack Golditch hopes perseverance leads to NFL draft opportunity
For so much of his career at Colorado State, OT Zack Golditch wanted to be known playing football. Instead, he became known as a victim of the Aurora theater shooting.
Reported by azcentral.com 23 hours ago.
Reported by azcentral.com 23 hours ago.
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Man arrested in connection with murder of woman who showed up at Aurora hospital with gunshot wounds
Police arrested Shaun Davis on charges of first-degree murder in connection with the death of a woman who showed up at the hospital with gunshot wounds.
Reported by Denver Post 14 hours ago.
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Three Suburban Illinois Cities Proclaim Young Latina Day
Fig Factor Foundation board members, participants travel to Aurora, West Chicago and Berwyn
AURORA, Ill. (PRWEB) April 19, 2018
Embarking on an inspirational journey, several young Hispanic girls and women and board members of the nonprofit Fig Factor Foundation traveled to Aurora, West Chicago and Berwyn to witness local officials and dignitaries proclaim Young Latina Day on April 11.
The foundation’s mission is to provide educational leadership platforms, mentorship and meaningful and empowering activities to Latinas ages 12 to 25. Jacqueline Camacho-Ruiz, the nonprofit’s founder and CEO of JJR Marketing, formed the foundation in 2014.
The first stop was at the Illinois Mathematics and Science Academy’s (IMSA) IN2 Innovation Hub where Christian Gutierrez, director of Latino affairs from the office of the Governor, Bruce Rauner, presented to Camacho-Ruiz a certificate of excellence to honor and recognize the foundation’s work in the Hispanic community. Overcome with emotion, she shared this award with the board members.
“What an incredible honor,” she said. “This certificate is about all of us—the work, the love and the countless hours to get to this moment. To create the foundation, we needed the creativity, innovation inspiration and hard work. Today, we see the physical manifestation and I thank you from the bottom of my heart for believing that we could make an impact in the lives of young Latinas. If we take the time to say to a young Latina that ‘I believe in you’, we will see her potential go through the roof.”
One of those Latinas was Berenice Diaz, a 2016 foundation graduate. Through the foundation’s six-month program, Diaz connected with her mentor Fig Factor Foundation Vice-President Luz-Marie Caro who helped her realize her dream of becoming a stand-up comedian and actress. Diaz, formerly of Prospect Heights, moved to California to attend school and launch her career and hopes someday to be a mentor.
“Before I joined the program, I would think negative thoughts, I wasn’t motivated and I would be down on myself,” Diaz said. “In the program, I met my mentor Luz-Marie. During those six months, I would meet her once a month with two other girls. We would make vision boards and talk about our lives and goals. Those experiences motivated me because I had a vision and a goal.”
The next destination was the Mexican Cultural Center-DuPage in West Chicago, a nonprofit organization which promotes cultural, ethnic and civic activities to educate the city’s Mexican community and its residents. Fernando Ramirez, the center’s director, and West Chicago Mayor Ruben Pineda welcomed the group as they toured the museum.
The final visit was to Berwyn Police Department where the group met with the city’s first Hispanic Alderman Alicia Ruiz of the 6th Ward. Ruiz also hosted a question and answer session with a panel of three local successful Berwyn Hispanic businesswomen who came from the political, nonprofit and beauty spa professions.
Board member Ximena Atristain Abigurra was very appreciative of all the efforts that made this special day possible.
“The greatest thing is that each of us is unique and has a special talent when combined made for an amazing event,” she said.
Camacho-Ruiz thanks the following businesses for their support of this event. The silver sponsors were State Farm Brian Pool Agency, Aurora Regional Hispanic Chamber of Commerce, Nexus Employment Solutions Plus, Inc., Corporate Connection Consultants, Quality Logo Products and Ramos Tax and Services. Bronze sponsors were The Granite & Marble Depot, C.B. Colin Landscapes, Ponce Reyna Insurance, Marsal Avila Law Group and Tax Time Services. Marketing partners were Illinois Mathematics and Science Academy, IN2 Innovation Hub, JJR Marketing and Mexican Cultural Center-DuPage.
For more information about the Fig Factor Foundation, visit http://www.thefigfactor.org.
About Fig Factor Foundation:
The Fig Factor Foundation’s mission is to become a powerful catalyst for Latinas aged 12 – 25 to pursue their dreams by providing educational leadership platforms, mentorship and powerful experiences through a context of sisterhood. It was founded in September 2014, after six months of hard work to assemble the team, the program, build infrastructure and raise initial funding. Their positive impact was immediately felt at smaller local events and provided the impetus to grow. The foundation’s goal is to implement the program nationwide before expanding globally. Learn more about the foundation at http://www.thefigfactor.org. Reported by PRWeb 7 hours ago.
AURORA, Ill. (PRWEB) April 19, 2018
Embarking on an inspirational journey, several young Hispanic girls and women and board members of the nonprofit Fig Factor Foundation traveled to Aurora, West Chicago and Berwyn to witness local officials and dignitaries proclaim Young Latina Day on April 11.
The foundation’s mission is to provide educational leadership platforms, mentorship and meaningful and empowering activities to Latinas ages 12 to 25. Jacqueline Camacho-Ruiz, the nonprofit’s founder and CEO of JJR Marketing, formed the foundation in 2014.
The first stop was at the Illinois Mathematics and Science Academy’s (IMSA) IN2 Innovation Hub where Christian Gutierrez, director of Latino affairs from the office of the Governor, Bruce Rauner, presented to Camacho-Ruiz a certificate of excellence to honor and recognize the foundation’s work in the Hispanic community. Overcome with emotion, she shared this award with the board members.
“What an incredible honor,” she said. “This certificate is about all of us—the work, the love and the countless hours to get to this moment. To create the foundation, we needed the creativity, innovation inspiration and hard work. Today, we see the physical manifestation and I thank you from the bottom of my heart for believing that we could make an impact in the lives of young Latinas. If we take the time to say to a young Latina that ‘I believe in you’, we will see her potential go through the roof.”
One of those Latinas was Berenice Diaz, a 2016 foundation graduate. Through the foundation’s six-month program, Diaz connected with her mentor Fig Factor Foundation Vice-President Luz-Marie Caro who helped her realize her dream of becoming a stand-up comedian and actress. Diaz, formerly of Prospect Heights, moved to California to attend school and launch her career and hopes someday to be a mentor.
“Before I joined the program, I would think negative thoughts, I wasn’t motivated and I would be down on myself,” Diaz said. “In the program, I met my mentor Luz-Marie. During those six months, I would meet her once a month with two other girls. We would make vision boards and talk about our lives and goals. Those experiences motivated me because I had a vision and a goal.”
The next destination was the Mexican Cultural Center-DuPage in West Chicago, a nonprofit organization which promotes cultural, ethnic and civic activities to educate the city’s Mexican community and its residents. Fernando Ramirez, the center’s director, and West Chicago Mayor Ruben Pineda welcomed the group as they toured the museum.
The final visit was to Berwyn Police Department where the group met with the city’s first Hispanic Alderman Alicia Ruiz of the 6th Ward. Ruiz also hosted a question and answer session with a panel of three local successful Berwyn Hispanic businesswomen who came from the political, nonprofit and beauty spa professions.
Board member Ximena Atristain Abigurra was very appreciative of all the efforts that made this special day possible.
“The greatest thing is that each of us is unique and has a special talent when combined made for an amazing event,” she said.
Camacho-Ruiz thanks the following businesses for their support of this event. The silver sponsors were State Farm Brian Pool Agency, Aurora Regional Hispanic Chamber of Commerce, Nexus Employment Solutions Plus, Inc., Corporate Connection Consultants, Quality Logo Products and Ramos Tax and Services. Bronze sponsors were The Granite & Marble Depot, C.B. Colin Landscapes, Ponce Reyna Insurance, Marsal Avila Law Group and Tax Time Services. Marketing partners were Illinois Mathematics and Science Academy, IN2 Innovation Hub, JJR Marketing and Mexican Cultural Center-DuPage.
For more information about the Fig Factor Foundation, visit http://www.thefigfactor.org.
About Fig Factor Foundation:
The Fig Factor Foundation’s mission is to become a powerful catalyst for Latinas aged 12 – 25 to pursue their dreams by providing educational leadership platforms, mentorship and powerful experiences through a context of sisterhood. It was founded in September 2014, after six months of hard work to assemble the team, the program, build infrastructure and raise initial funding. Their positive impact was immediately felt at smaller local events and provided the impetus to grow. The foundation’s goal is to implement the program nationwide before expanding globally. Learn more about the foundation at http://www.thefigfactor.org. Reported by PRWeb 7 hours ago.
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Legislature advances bill to let Colorado cities raise minimum wage
Less than two years after Coloradans approved a significant hike in the state’s minimum wage, legislators took their first steps Wednesday in trying to raise salaries for low-wage state residents again, advancing a bill that would allow local governments to enact base wages higher than the levels mandated throughout the state. House Bill 1368, sponsored by Democratic Reps. Jessie Danielson of Wheat Ridge and Jovan Melton of Aurora, faces an uncertain future after the House Local Government Committee…
Reported by bizjournals 1 hour ago.
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American Sentinel University Awards Full-Tuition Scholarship at Colorado Hospital Association Annual Awards Dinner April 2, 2018
American Sentinel University and Colorado Hospital Association (CHA) are excited to announce Janel Webb as the recipient of one full-tuition scholarship for any American Sentinel academic program as part of the organizations’ Colorado Health Care Star Award program.
AURORA, Colo. (PRWEB) April 20, 2018
American Sentinel University and Colorado Hospital Association (CHA) are excited to announce Janel Webb as the recipient of one full-tuition scholarship for any American Sentinel academic program as part of the organizations’ Colorado Health Care Star Award program.
Webb, the intensive care unit manager/clinical educator at Delta County Memorial Hospital in Delta, Colorado, was recognized as a Colorado Health Care Star in August 2017. She was nominated by the chief clinical officer at the hospital for her efforts in developing a comprehensive clinical education program in addition to her duties as ICU manager. She is also the lead instructor for Delta County Memorial’s Advanced Cardiac Life Support and Basic Life Support classes.
The Colorado Health Care Star Award program runs April-March, acknowledging one Colorado nursing or other healthcare professional each month for their exceptional performance and delivery of healthcare. At the end-of-year banquet in April, the university, CHA and all 12 recipients of the award are recognized, and one name is drawn to receive a scholarship to be used toward any degree program offered by American Sentinel.
Webb plans to enroll in American Sentinel’s MSN Nurse Practitioner program, which the university launched in March 2018. "This is an opportunity that I am overwhelmed and surprised by,” says Webb, who holds a BSN from Pensacola Christian College. “I am thrilled to be able to further my healthcare career. One of the things I love the most about nursing is you can advance your education in many different specialties and avenues. I am so excited to start this next part of my career and education and to be able to bring the knowledge I gain back to my hospital and community."
This year’s banquet was held at Palate Food + Wine Bar. Past scholarship recipient Kate Hugo (2015 awardee) was in attendance as well as CHA and American Sentinel leadership team members.
Elaine Foster, American Sentinel’s dean of nursing and healthcare programs, keynoted the event, speaking about the value of education and nurses progressing as healthcare leaders.
“When American Sentinel and CHA founded Colorado Health Care Stars, our goal was to honor some of the healthcare professionals in our great state who are committed to excellence in care and exemplify true leadership,” says Dr. Foster. “Janel is very deserving of the award and the scholarship. She is compassionate and devoted to making Delta County Memorial a quality provider of care to the community that it serves and has gone above and beyond to educate staff there. We congratulate her and look forward to welcoming her into the MSN program.”
April marks the start of the fourth year for the Colorado Health Care Star Award program. For more information and to nominate an exceptional clinical professional, complete a nomination submission form.
About Colorado Hospital Association
Colorado Hospital Association (CHA) is the leading voice of Colorado’s hospital and health system community. Representing more than 100 hospitals and health systems throughout the state, CHA serves as a trusted, credible and reliable resource on health issues, hospital data and trends for its members, media, policymakers and the general public. Through CHA, Colorado’s hospitals and health systems work together in their shared commitment to improve health and health care in Colorado. Learn more at http://www.cha.com.
About American Sentinel University
American Sentinel University delivers the competitive advantages of accredited online nursing degree programs in nursing, informatics, MBA Health Care, DNP Executive Leadership and DNP Educational Leadership. Its affordable, flexible bachelor’s and master’s nursing degree programs are accredited by the Commission for the Collegiate Nursing Education (CCNE). The DNP program is accredited by the Accreditation Commission for Education in Nursing (ACEN). The university is accredited by the Distance Education Accrediting Commission (DEAC). The Accrediting Commission of DEAC is listed by the U.S. Department of Education as a nationally recognized accrediting agency and is a recognized member of the Council for Higher Education Accreditation. Reported by PRWeb 43 minutes ago.
AURORA, Colo. (PRWEB) April 20, 2018
American Sentinel University and Colorado Hospital Association (CHA) are excited to announce Janel Webb as the recipient of one full-tuition scholarship for any American Sentinel academic program as part of the organizations’ Colorado Health Care Star Award program.
Webb, the intensive care unit manager/clinical educator at Delta County Memorial Hospital in Delta, Colorado, was recognized as a Colorado Health Care Star in August 2017. She was nominated by the chief clinical officer at the hospital for her efforts in developing a comprehensive clinical education program in addition to her duties as ICU manager. She is also the lead instructor for Delta County Memorial’s Advanced Cardiac Life Support and Basic Life Support classes.
The Colorado Health Care Star Award program runs April-March, acknowledging one Colorado nursing or other healthcare professional each month for their exceptional performance and delivery of healthcare. At the end-of-year banquet in April, the university, CHA and all 12 recipients of the award are recognized, and one name is drawn to receive a scholarship to be used toward any degree program offered by American Sentinel.
Webb plans to enroll in American Sentinel’s MSN Nurse Practitioner program, which the university launched in March 2018. "This is an opportunity that I am overwhelmed and surprised by,” says Webb, who holds a BSN from Pensacola Christian College. “I am thrilled to be able to further my healthcare career. One of the things I love the most about nursing is you can advance your education in many different specialties and avenues. I am so excited to start this next part of my career and education and to be able to bring the knowledge I gain back to my hospital and community."
This year’s banquet was held at Palate Food + Wine Bar. Past scholarship recipient Kate Hugo (2015 awardee) was in attendance as well as CHA and American Sentinel leadership team members.
Elaine Foster, American Sentinel’s dean of nursing and healthcare programs, keynoted the event, speaking about the value of education and nurses progressing as healthcare leaders.
“When American Sentinel and CHA founded Colorado Health Care Stars, our goal was to honor some of the healthcare professionals in our great state who are committed to excellence in care and exemplify true leadership,” says Dr. Foster. “Janel is very deserving of the award and the scholarship. She is compassionate and devoted to making Delta County Memorial a quality provider of care to the community that it serves and has gone above and beyond to educate staff there. We congratulate her and look forward to welcoming her into the MSN program.”
April marks the start of the fourth year for the Colorado Health Care Star Award program. For more information and to nominate an exceptional clinical professional, complete a nomination submission form.
About Colorado Hospital Association
Colorado Hospital Association (CHA) is the leading voice of Colorado’s hospital and health system community. Representing more than 100 hospitals and health systems throughout the state, CHA serves as a trusted, credible and reliable resource on health issues, hospital data and trends for its members, media, policymakers and the general public. Through CHA, Colorado’s hospitals and health systems work together in their shared commitment to improve health and health care in Colorado. Learn more at http://www.cha.com.
About American Sentinel University
American Sentinel University delivers the competitive advantages of accredited online nursing degree programs in nursing, informatics, MBA Health Care, DNP Executive Leadership and DNP Educational Leadership. Its affordable, flexible bachelor’s and master’s nursing degree programs are accredited by the Commission for the Collegiate Nursing Education (CCNE). The DNP program is accredited by the Accreditation Commission for Education in Nursing (ACEN). The university is accredited by the Distance Education Accrediting Commission (DEAC). The Accrediting Commission of DEAC is listed by the U.S. Department of Education as a nationally recognized accrediting agency and is a recognized member of the Council for Higher Education Accreditation. Reported by PRWeb 43 minutes ago.
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Aurora couple charged with animal cruelty after having sex with their dog in homemade sex chamber
An Aurora couple faces animal cruelty charges after they allegedly had sex with their dog in a motor home behind the house.
Reported by Denver Post 12 hours ago.
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Sarah Jeffery To Return as Audrey in 'Descendants 3'!
Audrey, daughter of Aurora aka Sleeping Beauty, is returning for Descendants 3! Played by Sarah Jeffery, the character was missing from the second film in the franchise, causing much discussion and confusion as to where she exactly was. In reality, Sarah was actually filming her NBC series, Shades of Blue, with Jennifer Lopez – and [...]
Reported by Just Jared Jr 10 hours ago.
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13 Billboards Call Out How Much Money Politicians Got From The NRA
The campaign was launched by the parents of a victim of the Aurora, Colorado, theater massacre.
Reported by Huffington Post 5 hours ago.
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Spectacular aurora signals winter's arrival
A spectacular display of the Southern Lights over parts of the South Island last night signals the imminent arrival of winter.Christchurch couple Graham and Amanda Fisher were among a small group of enthusiasts who captured the...
Reported by New Zealand Herald 2 hours ago.
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This luxurious hotel room is also a crazy paradise for gamers — take a look inside
Panama City has a lot to offer tourists. Gorgeous beaches, historic sites, and a lively downtown area are just a few of the many attractions that bring millions of tourists from all over the world to the Central American city every year. But if you're not into any of that outdoorsy stuff, you might enjoy a stay in this crazy hotel room, designed to be a gamer's paradise, at the Panama City Hilton Hotel. The room was created by the Latin American division of PC company Alienware — a subsidiary of Dell — and showcased in a video this week touting the room in all its glory.
The room is decked out with Alienware gaming tech, and it's like nothing you've ever seen:
*SEE ALSO: The new 'God of War' is one of the best-looking games ever made — see for yourself*
-A high-end Alienware PC and VR-gaming setup dominates the room, all centered around a racing-style gamer chair, pointed at a massive 65-inch TV. It reportedly costs $349 a night.-
The room also features the usual hotel stuff: Two queen beds, cable access, full bathroom, and so on.
Source: Xataka-A close up of the battle station shows an Alienware Aurora desktop, a high-end gaming PC that starts at $899.99, and a color-changing backlit gaming keyboard, complimented with two Xbox controllers and an Oculus Rift VR headset.-
The equipment in this photo is worth at least $1,500, by even the most modest of estimates.-If you happen to bring a guest with you and want to play a few rounds of "Fortnite: Battle Royale," they can use the Alienware gaming laptop conveniently right behind the main chair.-
See the rest of the story at Business Insider Reported by Business Insider 16 hours ago.
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