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Chrono24 Secures $23M in New Capital
Luxury watch marketplace Chrono24 secured a $22.8 million series A investment from private equity firm Insight Venture Partners. Chrono24 intends to use the funding to open new sales and customer service offices in the U.S....
Watches Jul 17, 2015 Jeff Miller
Paragon Preps Share Buyback, Seeks Immediate Mothae Acquisition
Paragon Diamonds Limited raised $794,000 (GBP 500,000) in unsecured debt financing from an investment company to initiate a share buyback program and to support working capital needs as the junior mining company awaits approval to acquire the...
Financial-Legal Jun 19, 2015 Jeff Miller
Lace mine
DiamondCorp Raises $5M, Proposes Another $3M Placement
DiamondCorp's placement of 31,837,000 new ordinary shares resulted in proceeds of approximately $4.9 million (GBP 3.18 million). The placement, which was oversubscribed, was undertaken with a range of new and existing institutional and private investors...
Financial-Legal Jun 05, 2015 Jeff Miller
ALROSA's Udachniy mine
ALROSA's JORC Complaint Resource Base Improves
ALROSA updated its JORC compliant reserves and resources report as part of an ongoing and long term development and capital investment plan. Proven reserves, as of July 1, totaled 7.33 million carats of rough diamonds, while probable...
Mining Sep 24, 2013 Jeff Miller
sothebys small
Sotheby's Reviews Capital Allocation, Financial Policies
Sotheby’s informed shareholders today that it would review its capital allocation and financial policies with the intent of releasing its findings in early 2014. Sotheby’s has undertaken restructuring projects in the past couple of years...
Financial-Legal Sep 11, 2013 Jeff Miller
Pandora Reaches 64% of Share Buy Back Goal
Pandora repurchased another $1.74 million (DKK 9.76 million) worth of shares this past week and has increased its share buyback purse to 64.4 percent of the original $124.8 million (DKK 700 million) goal...
Financial-Legal Sep 11, 2013 Jeff Miller
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Caerus Global Calls for Dominion to Buy Back Shares
Press Release: Caerus Global Investors, the beneficial owners of approximately 450,000 shares of Dominion Diamond Corporation (NYSE:DDC), issued the following letter to the mining company's CEO and its board of directors. Board of DirectorsDominion Diamond...
Financial-Legal Sep 10, 2013 Caerus Global Investors
Macy's Prices $400M of 10-Year Senior Notes
Macy's Inc. priced a public offering of $400 million aggregate principal amount of senior notes that would be due 2023 by its wholly owned subsidiary, Macy's Retail Holdings Inc. The senior notes were issued at a price...
Financial-Legal Sep 03, 2013 Jeff Miller
birks mayors
Pathlight to Administer $28M Term Loan to Birks & Mayors
Pathlight Capital LLC, a portfolio company of Sycamore Partners, will serve as the administrative and co-collateral agent on a $28 million secured-term loan facility to retailer Birks & Mayors Inc. The loan, which matures in August 2018,...
Financial-Legal Aug 23, 2013 Jeff Miller
michael fina
Retailers Tap Capital Spending, Technology to Drive Growth in 2013
U.S. retail executives are planning to increase capital spending this year and they placed a strong emphasis on the use of technology to manage the enterprise, according to the 2013 Retail Outlook Survey by KPMG LLP. The...
Research Jun 17, 2013 Jeff Miller
Star Diamond Project
Shore Gold Narrows Loss in 1Q
Shore Gold Inc., operator of the Star-Orion diamond project in Canada, reported working capital of $7.2 million at the close of its first quarter that ended on March 31. The company recorded a loss of $1.5 million or 1 cent...
Financial-Legal May 07, 2013 Jeff Miller
Rockwell Diamonds
Rockwell to Reinvest Klipdam Capital for Higher-Value Operations
Rockwell Diamonds Inc. will invest capital from the sale of its Klipdam diamond mine into bringing the Niewejaarskraal diamond mine back into production and expanding the company's mining footprint in the Middle...
Mining Apr 16, 2013 Jeff Miller
jcpenney jewelry
JCPenney Draws $850M From Credit Facility
J. C. Penney Company Inc. stated that its plans to enhance its financial footing, and consistent with its previously disclosures, included a drawn of $850 million from its $1.85 billion committed revolving credit facility. Proceeds...
Financial-Legal Apr 16, 2013 Jeff Miller
Polished Diamonds
Diamond Circle Capital Observes a Weak Trading Cycle
Diamond Circle Capital, a diamond investment fund, informed shareholders today that diamond trading momentum has been soft all year. The company's board of directors did, however, sell one diamond from inventory during...
Financial-Legal May 18, 2012 Jeff Miller
Diamond Circle Capital's Board Rejects Buyout Offer
The board of directors of Diamond Circle Capital Plc., a diamond investment firm, concluded that it was not in the interests of shareholders to accept a buyout offer made by Abdallah Chatila on May 11 for $3.50 per share. The board...
Financial-Legal May 15, 2012 Jeff Miller
abdallah chatila
Chatila Makes Cash Offer for Diamond Circle Capital
Abdallah Chatila has acquired 1,272,615 shares in Diamond Circle Capital, a diamond investment firm, from Fortress Commodities Fund Ltd. at a price of $3.50 per share and in so doing is making an offer for all remaining shares at the...
Financial-Legal May 08, 2012 Jeff Miller
Polished Diamonds
Diamond Circle Capital Realizes Profit of $3M
Diamond Circle Capital, an investment fund dealing with high-quality diamonds, reported unrealized gains of $5.64 million for the year that ended on December 31, compared with a loss of $264,909 in 2010. Profits surged to $3.44 million...
Financial-Legal Apr 26, 2012 Jeff Miller
Dianor Negotiates New Loan Agreements for Leadbetter
Dianor Resources entered into a mortgage forbearance agreement with its lenders on the surface rights for the Leadbetter diamond property. Dianor secured the original agreement in October 2008 and has since paid $2.55...
Mining Mar 06, 2012 Jeff Miller
Bain Weighs Future Diamond Demand Through 2020
Press Release: Diamond demand, by carat volume, will grow more than 6 percent per year through 2020, far outpacing the 2.8 percent annual supply growth, according to a report commissioned by the Antwerp World Diamond...
Manufacturing Dec 08, 2011 AWDC
Namakwa Diamonds
Namakwa Secures Funding, Shareholders to Vote on Share Issue
Namakwa Diamonds entered into definitive agreements with Jarvirne Limited to secure a $40 million, two-year loan facility and refinance $19.5 million with respect to its Trading & Beneficiation Division by way of a share capitalization of 61,750,000...
Financial-Legal Sep 08, 2011 Jeff Miller
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