Navigation Links
Arcadia Completes New Financing; Previews Fourth Quarter Results
Date:3/27/2009

rate of 10% per annum, and quarterly interest payments may be made in cash or additional promissory notes, at the Company's election.

"We are pleased that two of our major shareholders and lenders have shown continued confidence in Arcadia's future by agreeing to extend new debt and restructure existing debt in a very difficult credit environment," said Marvin R. Richardson, President and Chief Executive Officer. "In addition to providing additional capital to fund our growth, the extension of the debt maturities provides us with the horizon and financial flexibility we need to execute on our strategic plan."

Richardson added: "Key components of the plan include focusing our business model, selling non-core business units, and using the proceeds to pay down debt and further improve our balance sheet. We are well underway on this effort, and are in the advanced stages of negotiation and due diligence with various parties with the hopes of completing several asset sales over the course of the next 120 days."

Arcadia reported that terms of the new promissory notes provide that the first $2 million in net proceeds from asset sales will be retained by the Company, with additional net proceeds apportioned between the debt holders and Arcadia.

In connection with the debt restructuring, the debt holders also agreed to exchange, exercise and cancel outstanding warrants held by them. In consideration of the debt exchange and new financing arrangements, the Company agreed to issue new shares of common stock.

The Company also announced that all of the warrants issued in connection with its May 2007 private equity placement have been exchanged for common stock as part of the debt restructuring. Each of the holders of these warrants will exchange one warrant for one share of newly issued common stock. A total of 2,754,726 shares of new common stock will be issued in connection with t
'/>"/>

SOURCE Arcadia Resources, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine news :

1. Roche Completes Acquisition of Genentech
2. Phyhealth Completes Funding Transaction with AccessKey IP, Inc.
3. Endo Pharmaceuticals Completes Acquisition of Indevus Pharmaceuticals
4. Final Patient Completes Treatment In Boehringer Ingelheims RE-LY(R) Study, The Largest Atrial Fibrillation Outcomes Trial To Date
5. MxSecure, Inc. Completes Custom Document Management Interface for Roanoke Neurological Associates
6. BridgePoint Medical Completes First U.S. Clinical Case Using CrossBoss and Stingray Devices in CTO Angioplasty Procedure
7. RoundTable Healthcare Partners Completes Portfolio Company Add-On Acquisition
8. Biostar Pharmaceuticals, Inc. Completes 8.6-Acre Land Purchase to House New Raw Materials Processing Plant
9. Solos Endoscopy, Inc. Successfully Completes FDA Inspection
10. NDC Completes Acquisition of Phase One Medical(R) Anchoring Technology
11. Abbott Completes Acquisition of Advanced Medical Optics
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/20/2014)... Dallas, Texas (PRWEB) October 20, 2014 ... is the must-have source of thousands of facts, figures ... 72 countries and 68 medical sector forecast categories the ... you with global, regional and national views on the ... future outlook. , The report gives you data for ...
(Date:10/20/2014)... 2014 With a mere 19 days ... made a brief fundraising stop at the  Law ... Fresh from a debate last night with his opponent ... for the first seven minutes because Crist had an ... the incident in one word: "weird." , Before touching ...
(Date:10/20/2014)... 2014 Allegheny General Hospital’s (AGH) Cardiovascular ... physicians to repair a damaged mitral valve as the ... system, developed by Abbott Vascular , is designed ... life-threatening condition in which the heart’s mitral valve leaflets ... from the heart’s left ventricle into the left atrium. ...
(Date:10/20/2014)... 2014 The Advocator Group, LLC ... the American Foundation for Suicide Prevention’s (AFSP) Out of ... a not-for-profit organization that hosts hundreds of community walks ... events are used to help understand and prevent suicide ... relationships as well. , The Advocator Group shares ...
(Date:10/20/2014)... NY (PRWEB) October 20, 2014 ... non-profit organization that helps New Yorkers living with ... changes toward health, housing, recovery and self-sufficiency. Each ... transformed the local community through their tireless efforts. ... Marc Shapses , has been selected as ...
Breaking Medicine News(10 mins):Health News:Worldwide Medical Market Forecasts to 2019 a New Research Report Added to ReportsnReports.com 2Health News:Worldwide Medical Market Forecasts to 2019 a New Research Report Added to ReportsnReports.com 3Health News:Worldwide Medical Market Forecasts to 2019 a New Research Report Added to ReportsnReports.com 4Health News:At Crist Fundraiser, Dan Newlin Says, "No More Robert Germans," Will Seek Changes to Florida Missing Persons Law 2Health News:At Crist Fundraiser, Dan Newlin Says, "No More Robert Germans," Will Seek Changes to Florida Missing Persons Law 3Health News:Allegheny General Hospital Introduces New, Beating-Heart Procedure for Mitral Valve Repair 2Health News:Allegheny General Hospital Introduces New, Beating-Heart Procedure for Mitral Valve Repair 3Health News:The Advocator Group, LLC is Proud to Participate in an Out of the Darkness Community Walk, October 25th, to Increase Suicide Awareness 2Health News:The Advocator Group, LLC is Proud to Participate in an Out of the Darkness Community Walk, October 25th, to Increase Suicide Awareness 3Health News:Savills Studley's Marc Shapses To Be Honored as 2014 "Positive Changemaker" by ASCNYC 2Health News:Savills Studley's Marc Shapses To Be Honored as 2014 "Positive Changemaker" by ASCNYC 3
... impurities in the chocolate? Have the plastic seams been ... parcel? Answers to all these questions are provided by ... millimeter-wave sensor is able to see through all non-transparent ... Physics and Radar Techniques FHR in Wachtberg have developed ...
... Reporter , TUESDAY, Dec. 20 (HealthDay News) -- Sleep problems ... health issues and poorer performance on the job, a new ... from the United States and Canada online or in person ... disorder. The most common problem, suffered by one-third of ...
... -- Starting aquatic therapy within days after total knee replacement ... for those who,ve had a total hip replacement, according to ... knee and hip replacements is increasing, but there is a ... noted the German researchers. Aquatic therapy has been shown ...
... BRUNSWICK, N.J. Despite improvements to diagnostic tools and ... the diagnosis and treatment of depression remain, according ... Journal of Public Health ; print, February 2012. ... Care in Community-Dwelling Elderly in the United States," lead ...
... News) -- Precautionary measures need to be used in ... sudden death related to overexertion and exhaustion, researchers say. ... due to sickle cell trait during a workout, the ... athletes. University of Michigan researchers evaluated the effect ...
... TUESDAY, Dec. 20 (HealthDay News) -- More Americans now die ... new government report released Tuesday. In 2008, poisoning deaths ... United States and the leading cause of injury death in ... for Disease Control and Prevention. Ninety percent of these ...
Cached Medicine News:Health News:Monitoring food with millimeter waves 2Health News:Many Police Officers Battle Sleep Woes, Study Finds 2Health News:Many Police Officers Battle Sleep Woes, Study Finds 3Health News:Timing of Aquatic Therapy After Joint Replacement Matters 2Health News:Diagnosis, treatment of depression among elderly depend on racial, cultural factors 2Health News:Diagnosis, treatment of depression among elderly depend on racial, cultural factors 3Health News:Screening Alone Not Enough to Prevent Sudden Death in College Athletes 2Health News:Drug Overdoses Kill More Americans Than Car Accidents: CDC 2Health News:Drug Overdoses Kill More Americans Than Car Accidents: CDC 3
(Date:10/20/2014)... , Oct. 20, 2014  PneumRx, Inc. ( www.pneumrx.com ... today announced completion of enrollment in their RENEW Study, ... Study is the FDA-approved IDE pivotal trial for the ... It was anticipated that the study, which ... would take until the end of 2014 to enroll ...
(Date:10/20/2014)... octubre de 2014  PneumRx, Inc. ( www.pneumrx.com ... pulmonología intervencional, anunció hoy la conclusión de la ... antes de lo programado. El Estudio Clínico RENEW es ... investigación (IDE) aprobada por la FDA (Administración de ... de reducción de volumen pulmonar PneumRx RePneu, un ...
(Date:10/20/2014)... BOSTON , Oct. 20, 2014  Indianapolis ... and Toronto -based 3D visualization ... the Congress of Neurological Surgeons Annual Meeting that ... technologies for brain surgery. The collaboration is the ... powerful combination to improve patient outcomes. NICO,s BrainPath® ...
Breaking Medicine Technology:PneumRx Completes RENEW Pivotal Trial Enrollment 2PneumRx Completes RENEW Pivotal Trial Enrollment 3PneumRx concluye inscripción en prueba fundamental RENEW 2PneumRx concluye inscripción en prueba fundamental RENEW 3Indianapolis' NICO Corporation and Toronto's Synaptive Medical, Inc. Announce First-Ever Intervention-Visualization Partnership with Goal to Improve Standard of Care in Neurosurgery 2Indianapolis' NICO Corporation and Toronto's Synaptive Medical, Inc. Announce First-Ever Intervention-Visualization Partnership with Goal to Improve Standard of Care in Neurosurgery 3Indianapolis' NICO Corporation and Toronto's Synaptive Medical, Inc. Announce First-Ever Intervention-Visualization Partnership with Goal to Improve Standard of Care in Neurosurgery 4Indianapolis' NICO Corporation and Toronto's Synaptive Medical, Inc. Announce First-Ever Intervention-Visualization Partnership with Goal to Improve Standard of Care in Neurosurgery 5
... & Gamble Company (NYSE: PG ) today announced ... Advisory Panel (SEAP). The new members are: ... Dr. Howard Frumkin – Dean, School of the Public ... Former Secretary, California Environmental Protection Agency ...
... 2011 Following through with plans to expand its Medical ... Florida. Currently operating on a fee for service basis, OMI ... the state. IMD Companies anticipates that OMI will be servicing ... of time. ABOUT IMD COMPANIES, INC. ...
Cached Medicine Technology:P&G Welcomes New Members to U.S. Sustainability Expert Advisory Panel 2P&G Welcomes New Members to U.S. Sustainability Expert Advisory Panel 3IMD Companies, Inc. Announces OMI Operations in Florida 2
... a bioresorbable implant that is used for ... This proprietary, user-friendly design, shaped like a ... into burr holes and requires no fixation ... superior mechanical strength and the scaffold architecture ...
NIVEA body Good-bye Cellulite Gel-Cream visibly reduces the appearance of cellulite....
... tubes are heparinized glass capillary ... film. These tubes are used ... blood samples for the measurement ... electrolytes (excluding lithium) and can ...
... implant is a sterile off white, moist, ... porcine collagen and its constituent elastin fibres ... implant comes ready to use in double ... impermeable to oxygen, and is sterilised by ...
Medicine Products: