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BRIEF-Fannie Mae re-enters low-income housing tax credit market
Federal National Mortgage Association :. * Says will resume low-income housing tax credit activities to provide reliable source of capital for affordable rental housing, underserved markets. * Says Federal Housing Finance Agency approved co's re-entry into LIHTC market as an equity investor effective immediately Source text for Eikon: Further company coverage:
BRIEF-Karnalyte Resources announces Q3 results
Karnalyte Resources Inc(KRLTF): * Karnalyte Resources Inc(KRLTF). Announces third quarter 2017 results and provides operations update. * Karnalyte Resources(KRLTF) - as at September 30, 2017, company had net working capital of $7.8 million compared to $17.4 million at September 30, 2016 in cash Source text for Eikon: Further company coverage:
BRIEF-Parex' 2018 guidance cash flow funded growth to 41,000-43,000 BOE/D
Parex Resources Inc(PARXF): * Parex' 2018 guidance: cash flow funded growth to 41,000-43,000 BOE/D. * Parex Resources Inc(PARXF) - anticipates production growth of 10pct-20pct in 2019. * Parex Resources Inc (PARXF) sees 2018 capital expenditures of $260 million -$290 million. * Parex Resources (PARXF) - expect 2018 capital budget will be fully funded from funds flow from operations Source text for Eikon: F...
Catholic Syrian Bank expects to raise funds by December
Kerala-based Catholic Syrian Bank (CSB) hopes to conclude its equity raising exercise by December.T S Anantharaman, chairman, said the second half of the exercise would be concluded by then. CSB needs Rs 400-600 crore, from current growth projections. Sources say SSG Capital Management, InCred Finance, Aion Capital, JM Financial and Everstone-backed Indo Star Capital are among the investors which have shown interest. CSB's MD & CEO C V R Rajendran, managing director of CSB, would only say that 25-30 investors had shown interest and three-odd rounds of discussion were over.On an initial public offer of equity, he said: "We have told the Reserve Bank that CSB will be listed in the next one and a half years."CSB had a net loss of Rs 149 crore in 2015-16 and then turned around in 2016-17, with net profit of Rs 1.6 crore, on the back of treasury gains. Anatharaman said the challenge was to have growth in operating profit this year without the benefit of treasury gain. The operating ...
BRIEF-WestWater Resources enters stock purchase agreement with Aspire Capital Fund
Westwater Resources Inc(WWR). * WestWater resources enters into a common stock purchase agreement with Aspire Capital Fund for up to $22 million with an initial purchase of $2 million priced at $1.40. * Westwater Resources Inc(WWR) - upon commencement of agreement, company sold to Aspire Capital 1.4 million shares at $1.40 per share Source text for Eikon: Further company coverage:
Peru to auction $2 bln Michiquillay copper project Nov 15
Peru will award rights to develop the proposed Michiquillay mine that holds an estimated 1.159 billion tonnes in copper resources on Nov. 15, state bidding agency Proinversion said on Thursday. Anglo American Plc (AAUKF) returned Michiquillay to Peru in late 2014 due to capital constraints.
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