latest news releases from the newsroom
Stockgroup Information Systems Inc.
Stockgroup Completes Financing
VANCOUVER, B.C., July 24, 2003 (PRIMEZONE) -- Stockgroup Information Systems Inc. (OTCBB:SWEB) (TSX Venture Exchange:SWB) (TSX Venture Exchange:SWB.S), a financial media and technology company, announced today it has closed its short form offering announced on May 7, having raised a total of C$1,384,836. Net proceeds of the entire offering, after agents' commissions, due diligence costs, and legal expenses, were C$1,251,466.
Framfab Supports Vattenfall Europe
STOCKHOLM, Sweden, July 24, 2003 (PRIMEZONE) -- Framfab Germany has won Vattenfall Europe AG, Germany's third largest power company, as a new client. The websites www.hew.de and www.vattenfall.de will be re-launched.
Result of Sapa's public purchase offer on RCA
STOCKHOLM, Sweden, July 24, 2003 (PRIMEZONE) -- Result of Sapa's (OtherOTC:SPKKF) public purchase offer on RCA. At the closing of the offer on 18 July 2003, 831,078 shares have been handed in. Sapa's ownership now represents 93.59% of the capital of Remi Claeys Aluminium. The price of these shares will be paid on 25 July 2003.
Hydro to sell Carmeda
OSLO, Norway, July 24, 2003 (PRIMEZONE) -- Hydro Pronova today entered into an agreement with a financial consortium consisting of the equity investors HealthCap and Investor Growth Capital, concerning the divestment of its Swedish subsidiary, Carmeda AB. The cash proceeds for Hydro from the sale will be around SEK 180 million after deduction of sales costs and minority interests. In addition, Hydro will receive royalties on a certain share of Carmeda's future sales revenues. The divestment will result in an estimated gain of around NOK 120 million that is expected to be included in the third quarter results for 2003.