ARMOUR Residential REIT, Inc.
ARMOUR Residential REIT, Inc. Announces Effectiveness of Reverse Stock Split
VERO BEACH, Fla., July 31, 2015 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. (NYSE: ARR, ARR PrA and ARR PrB) ("ARMOUR" or the "Company") today announced the effectiveness of its previously disclosed one-for-eight reverse stock split. Beginning with the opening of trading on Monday, August 3, 2015, the Company's common stock will trade on the NYSE on a reverse split-adjusted basis under the same symbol "ARR," but with a new CUSIP of 042315 507. As a result of the reverse stock split, the number of outstanding shares of ARMOUR's common stock was reduced from approximately 350,000,000 shares to approximately 43,750,000 shares. Concurrently, the number of shares of common stock that ARMOUR has authority to issue was reduced from 1,000,000,000 shares to 125,000,000 shares. After the reverse stock split, approximately 81,250,000 shares of common stock will remain available for future issuances. The par value of ARMOUR's common stock will remain at $0.001 per share after the reverse stock split.
Western Refining Logistics, LP
Western Refining Logistics, LP Announces Quarterly Cash Distribution
EL PASO, Texas, July 31, 2015 (GLOBE NEWSWIRE) -- The Board of Directors of the general partner of Western Refining Logistics, LP (NYSE:WNRL) declared a quarterly cash distribution for the second quarter 2015 of $0.3650 per unit, or $1.46 per unit on an annualized basis. This distribution represents a 5.0% increase over the quarterly distribution of $0.3475 per unit paid in May 2015, and a 27.0% increase over the minimum quarterly distribution. The second quarter distribution will be paid on August 24, 2015, to all unitholders of record at the close of market on August 14, 2015.
Bacterin International Holdings, Inc.
Bacterin International Holdings Closes Offering of $65 Million of 6.00% Convertible Senior Notes
BELGRADE, Mont., July 31, 2015 (GLOBE NEWSWIRE) -- Bacterin International Holdings, Inc. (OTCQX:BONE), a leader in the development of revolutionary bone graft material, has announced the closing of its previously announced offering of $65 million aggregate principal amount of convertible senior unsecured notes due 2021 (the "Notes"). The Notes were offered and sold to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act of 1933, as amended). Bacterin has granted the investment banking firm serving as initial purchaser a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of Notes.
Bacterin International Holdings, Inc.
Bacterin Closes Purchase of the Outstanding Common Stock of X-spine Systems, Inc.
BELGRADE, Mont., July 31, 2015 (GLOBE NEWSWIRE) -- Bacterin International Holdings, Inc. (OTCQX:BONE), a leader in the development of revolutionary bone graft material, announced today that it has closed its purchase of the outstanding shares of privately held X-spine Systems, Inc., a global medical device manufacturer of leading products for spinal surgery, headquartered in Miamisburg, Ohio, in exchange for approximately 4.24 million shares of Bacterin common stock and approximately $60 million in cash, subject to customary working capital adjustments, and including the extinguishment of approximately $13 million of X-spine debt. The transaction positions the combined company as a comprehensive supplier for spine surgery procedures that offers both hardware and biologics through a more substantial national distribution footprint.
Famous Dave's of America
Famous Dave's of America, Inc. Adds Bryan L. Wolff to Board of Directors
MINNEAPOLIS, July 31, 2015 (GLOBE NEWSWIRE) -- Famous Dave's of America, Inc. (Nasdaq:DAVE) today announced the appointment of Bryan L. Wolff to the Company's board of directors. Mr. Wolff has also been appointed to serve as chair of the Company's audit committee. Mr. Wolff is Chief Financial Officer of DogVacay, Inc., an online service connecting pet owners with sitters across the U.S. and Canada. Mr. Wolff previously served as Chief Financial Officer of Bonobos, Inc., a men's fashion and accessories retailer, and as an Analyst at Luxor Capital, LP.