latest news releases from the newsroom
Randgold Resources Limited
Randgold Resources Limited ADR Ratio Change
JERSEY, Channel Islands, United Kingdom, March 3, 2003 (PRIMEZONE) -- Randgold Resources Limited (Nasdaq:GOLD) (LSE:RRS) today announces that, effective Monday 10 March, 2003 (the 'effective date'), it will change the current ratio on its ADRs from one (1) ADR equals two (2) Ordinary Shares to one (1) ADR representing one (1) Ordinary Share. The main purpose of the ratio change is to create further liquidity and enhance marketability of the ADRs without diluting current holders.
AB Industrivarden Notice of Annual General Meeting 2003
STOCKHOLM, Sweden, March 3, 2003 (PRIMEZONE) -- This document is a translation of the Swedish original. Shareholders of AB Industrivarden (publ) are hereby invited to attend the Annual General Meeting to be held at 2 p.m. on Wednesday, April 2, 2003, at the Grand Hotel, Vintertradgarden (entrance at the corner of Stallgatan/Blasieholmsgatan), in Stockholm. Coffee will be served before the Meeting.
Petroleum Geo-Services ASA
Petroleum Geo-Services Common Stock and Trust Preferred Securities Quoted on the OTC and Pink Sheets
OLSO, Norway, March 3, 2003 (PRIMEZONE) -- Petroleum Geo-Services ASA (`PGS`) (OSE:PGS) (Other OTC:PGOGY) announced on Wednesday, February 26, 2003, that it was informed by the New York Stock Exchange ('NYSE') that the NYSE was suspending trading of PGS' American Depositary Receipts (ADRs), ticker symbol "PGO", and Trust Preferred Securities, ticker symbol "PGO PrA". The NYSE also indicated that it would commence proceedings with the U.S. Securities and Exchange Commission to delist these securities.
Innovative Coatings Corporation
Innovative Coatings Corporation Introduces New Non-Cracking Ceiling and Interior Wall Coating for Manufactured Housing Industry
ATLANTA, March 3, 2003 (PRIMEZONE) -- Innovative Coatings Corporation (OTCBB:IVGC), a developer, manufacturer, marketer and distributor of unique polymer-based coatings and adhesives for industry, announced today that it has developed a patent-pending finish coating for ceilings and interior walls that eliminates cracks during the construction and movement of manufactured housing units. The Company's highly textured InstaFinish(tm) coating is applied directly to drywall, cures within seconds, is Class A fire rated, and is repairable. The Company expects to market and distribute InstaFinish(tm) through its exclusive agreement with Universal Forest Products, Inc. (Nasdaq:UFPI).
LGP Extra Meeting of Shareholders
SOLNA, Sweden, March 3, 2003 (PRIMEZONE) -- An extra general meeting of shareholders in LGP Telecom Holding AB (publ) has today resolved to authorize the Board of Directors to decide on issuance on one or more occasions of new shares, whereby the share capital may be increased by a maximum amount of SEK 20,556,138, such authorization to remain valid for a period ending at the time of the next-following regularly scheduled Annual General Meeting.
Sonoran Energy, Inc.
Sonoran Energy to Acquire Additional Oil and Gas Production
BAKERSFIELD, Calif., March 3, 2003 (PRIMEZONE) -- Sonoran Energy, Inc. (OTCBB:SNRN) announced today that the Company has entered into agreements to acquire four new oil and natural gas properties in California. The acquisitions consist of an oil producing property located near Bakersfield, and three established gas operations in the Sacramento Basin. These acquisitions will increase the Company's production and reserves, and move the Company further towards its goal of producing 1000 barrels of oil and 2500 Mcf of gas per day.