latest news releases from the newsroom
Golden Star Resources Ltd.
Golden Star Files Registration Statement for Public Offering of Units
DENVER, July 2, 2002 (PRIMEZONE) -- Golden Star Resources Ltd. ("Golden Star" or the "Company") (TSE:GSC) (AMEX:GSS) today announced that it has filed a registration statement in the United States and an amended and restated preliminary prospectus in Canada relating to the offering by the Company of 14 million units, each unit consisting of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable during the two years following the closing of the offering to purchase an additional common share. The units will be priced in the context of the market.
CALAMOS Asset Management, Inc.
John P. Calamos Rings Opening Bell on NYSE in recognition of CALAMOS Convertible Opportunities and Income Fund's Successful IPO
NAPERVILLE, Ill., July 2, 2002 (PRIMEZONE) -- John P. Calamos, Sr., Chairman, Chief Executive Officer and Chief Investment Officer of CALAMOS INVESTMENTS, rings the opening bell of the New York Stock Exchange on July 3, in recognition of the initial public offering of the CALAMOS Convertible Opportunities and Income Fund (NYSE:CHI) which began trading on June 26. As the first closed-end offering by CALAMOS, the fund enters the field as the largest closed-end convertible bond fund: Forty million shares were purchased at an initial price of $15, for a total of $600 million. Total common shares assets of the fund could reach $690 million, assuming full exercise of underwriters' overallotments, which may not occur.
Competitive Technologies, Inc.
Competitive Technologies' Licensee NTRU Announces Availability of Neo for Java
FAIRFIELD, Conn., July 2, 2002 (PRIMEZONE) -- Competitive Technologies, Inc. (AMEX:CTT) reported today that its licensee NTRU Cryptosystems, Inc., a developer of fast, low-footprint public key cryptography, announced the release of Neo for Java, the first security system designed for all wireless Java devices and applications. NTRU reported that Neo for Java will allow for the deployment of wireless Java security in mass-market mobile devices such as smart phones and PDAs as it overcomes traditional size and speed constraints. NTRU said that major handset manufacturers have announced plans to include Java in every wireless phone. The security of NTRU's technology enables development and deployment of secured wireless applications and services for the hundreds of millions of Java-equipped handsets expected to ship in the next two years.
Majestic Companies, Ltd.
Majestic Announces Appointments of Two Key Executives to Steer Post-Acquisition Business Objectives and Plan
SAN DIEGO, July 2, 2002 (PRIMEZONE) -- Majestic Companies Ltd. (OTCBB:MJXX) recently disclosed discussions with Freedom Oil and Gas Inc., a Nevada Corporation, of 57 West South Temple, Suite 420, Salt Lake City, Utah, to acquire the Company for an undisclosed amount. Recognizing the need for strong leadership from within the petroleum industry, Majestic has tapped Mr. J. David Gowdy to serve as CEO and Mr. Jay Bowden to serve as Chief Financial Officer. Both of these gentlemen will serve critical roles in the implementation of the business and development plans, which are to arise following the successful conclusion of the referenced acquisition. The appointments of Messrs. Gowdy and Bowden will not become active until the successful conclusion of the planned acquisition has been realized.
Old Mutual plc
Results of BoE Limited Court Hearing
LONDON, July 2, 2002 (PRIMEZONE) -- Old Mutual (Pink Sheets:ODMTF) draws attention to the joint announcement by its subsidiary Nedcor Limited ("Nedcor"), the South African banking group, in which it has a 53% holding and BoE Limited ("BoE"), made today, detailing the sanctioning of the share scheme and convertible debenture scheme by the High Court of South Africa (Cape of Good Hope Provincial Division).