latest news releases from the newsroom
FieldTurf Selected For Immediate Installation at Gillette Stadium
FOXBOROUGH, Mass., Nov. 15, 2006 (PRIMEZONE) -- The New England Patriots have selected FieldTurf for immediate installation at Gillette Stadium, it was jointly announced today by Patriots Chairman and CEO Robert Kraft and FieldTurf CEO John Gilman. The removal of the grass field at Gillette Stadium began on Tuesday and the new FieldTurf surface will be in place for the Patriots' next home game on Sunday, November 26 against the Chicago Bears.
HCP REIT Maintains $75 Million Line of Credit with KeyBank Syndicate
HOUSTON, Nov. 15, 2006 (PRIMEZONE) -- HCP REIT (Hartman Commercial Properties), which owns and manages 37 commercial properties in Texas, today announced that its syndicate of lenders led by KeyBank, one of the nation's largest bank-based financial services companies, has temporarily waived on an expedited basis covenant defaults under its line of credit. The covenant defaults, which were non-financial in nature, occurred when the independent trustees terminated HCP REIT's management and advisory relationship with Hartman Management LP, and removed Allen Hartman as chairman and CEO. On Oct. 2nd HCP REIT filed suit against Allen Hartman and Hartman Management for breach of fiduciary duty and breach of contract, among other matters, citing conflicts of interests and other unresolved issues.
Gold Canyon Resources Inc.
Gold Canyon Undertakes Private Placement for US$629,250
VANCOUVER, B.C., Nov. 15, 2006 (PRIMEZONE) -- Gold Canyon Resources Inc. (TSX-V:GCU) ("Gold Canyon" or "the Company") is pleased to announce that it is undertaking a non-brokered private placement of common share units (the "Units") at a price per Unit of US$0.25(Cdn$0.28) pursuant to registration and prospectus exemptions from applicable U.S. and Canadian securities laws and has received subscriptions for gross proceeds to the Company of approximately US$629,250. Each Unit is comprised of one common share in the capital of the Company and one non-transferable share purchase warrant of the Company exercisable at any time up to 4:30 p.m. (Vancouver time) on the date which is twenty-four months from the date of issue of the Units for one common share at a price of US$0.35 (Cdn$0.40) per share. Completion is subject to the receipt of subscription proceeds and TSX Venture Exchange acceptance.