Each one in plain English, with the numbers worked through for a shareholder.
26 May 2015capital raising announcement● Neutral
The company took a second $500,000 note from CCTC Acquisition Partners LLC on 22 May 2015, the second of three advances under the 12 May note, on the same terms (1.2% per month, up to six months, secured on equipment and the Tulsa demonstration plant). The company now says it needs about $500,000 more to finish the plant, down from about $1,000,000. A final advance of up to $500,000 is still at the lender's discretion, and the larger financing remains targeted for 15 June 2015 with no assurance.
14 May 2015capital raising announcement● NeutralMajor
The company borrowed $500,000 on 12 May 2015 from CCTC Acquisition Partners LLC (managed by Black Diamond Financial Group) at 1.2% per month for up to six months, to restart building its Tulsa demonstration plant, secured on its equipment and that plant. Two more advances of up to $500,000 are at the lender's sole discretion, and the company says it needs about $1,000,000 more to finish the plant. The note would convert into 12% convertible notes tied to a larger financing targeted by 15 June 2015, with no assurance it will happen, and a break-up fee of $100,000 plus 1,000,000 shares applies if the company finances elsewhere.
NewStream Energy Technologies Group Inc announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
NewStream Energy Technologies Group Inc Chief Operating Officer Ponce De Leon Ignacio disposed of 500,000 shares via option/appreciation-right settlement.
NewStream Energy Technologies Group Inc shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
NewStream Energy Technologies Group Inc shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Ventrillion Management Company Ltd reported a NewStream Energy Technologies Group Inc shareholding of 8,000,000 shares (0.88% of votes) in a periodic institutional filing.
NewStream Energy Technologies Group Inc director Ventrillion Management CO LTD disposed of 100,000,000 shares via option/appreciation-right settlement.
Clean Coal Technologies named Aiden Neary, an investment-banking veteran, as chief financial officer and added Dr Scott Younger, an infrastructure engineer with 35 years in South East Asia, to the board on the same day. Both hires point at the same thing: raising money and building plants in Asia.
The company signed a site agreement with AES Shady Point, LLC to host its pilot plant at a power plant in LeFlore County, Oklahoma. The plant is due to be delivered within six weeks, and the company pays about $94,000 for the eight-month site term. The company also agreed to give AES Corporation concessional terms on future license fees and royalties. This continues the SAIC-built pilot plant project from the February 2013 contract.
