Latest NewLead Holdings Ltd. Stories
PIRAEUS, Greece, Jan. 17, 2013 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead") today announced that the Company has entered into an agreement to acquire title and excavation rights in properties containing 18.6 million tons of estimated coal reserves for $11.0 million. NewLead also entered into an agreement to acquire ownership and leasehold interests in properties containing approximately 143.1 million tons of coal for $55.0 million. Michael Zolotas,...
PIRAEUS, Greece, Dec. 3, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company") today announced that the Company has signed definitive agreements completing its financial restructuring. Closing of transaction is subject to certain conditions and is expected to occur within December 2012. Michael Zolotas, President and Chief Executive Officer of NewLead, stated, "Almost two years ago, we perceived the market would be deteriorating for the foreseeable...
PIRAEUS, Greece, Sept. 19, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that it has received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the minimum Market Value of Publicly Held Shares (MVPHS) of $15,000,000. About NewLead Holdings Ltd. NewLead Holdings Ltd. is an international,...
PIRAEUS, Greece, Sept. 18, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or "the Company") today announced that on September 13, 2012 the Company received a written notification from the NASDAQ Stock Market LLC ("NASDAQ") indicating that the Company is not in compliance with the NASDAQ Listing Rule 5450(a)(1) because the minimum bid price of its common shares was below $1.00 per share for the previous 30 consecutive business days (the "minimum bid price...
PIRAEUS, Greece, July 30, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company") today announced that the Company reached a preliminary agreement with Lemissoler Maritime Company W.L.L. ("Lemissoler") regarding the termination of the sale and leaseback of the four dry bulk vessels previously redelivered to Lemissoler. Under this agreement, Lemissoler will unconditionally release NewLead from all obligations in exchange for 174.0 million shares of...
PIRAEUS, Greece, June 11, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead") today announced that Cyprus Popular Bank Public Co. Ltd. ("Cyprus Popular Bank") agreed with NewLead to the conversion of $217,250,000 associated with the aggregate principal amount of 7% Convertible Senior Notes due 2015 (the "Notes"). The Notes are held by Focus Maritime Corp. ("Focus"), a company controlled by Michael Zolotas, the President and Chief Executive Officer of NewLead. Under...
PIRAEUS, Greece, April 5, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company") today announced that the Company has recently completed the redelivery of four dry bulk vessels, the "Australia", the "Brazil", the "China" and the "Grand Rodosi", to their owners, which are affiliates of Lemissoler Maritime Company W.L.L. ("Lemissoler"). As previously announced, NewLead had signed an agreement with Lemissoler for the sale and leaseback of the four...
PIRAEUS, GREECE, April 4, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that it has received written notification from the Nasdaq Listing Qualifications department that it has regained compliance with the minimum bid price requirement of $1.00 per share for continued listing set forth in Listing Rule 5450(a)(1) ("Rule"), as its common shares...
PIRAEUS, Greece, March 19, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company") today announced that the Company's Board of Directors decided to cancel the 1-for-5 reverse stock split of its common shares that was scheduled to take effect upon the opening of the NASDAQ market today March 19, 2012, with a view to rectifying the minimum bid listing deficiency as previously announced. NewLead decided not to proceed with the 1-for-5 reverse split of...
PIRAEUS, Greece, March 15, 2012 /PRNewswire/ -- NewLead Holdings Ltd. (NASDAQ: NEWL) ("NewLead" or the "Company"), an international shipping company owning and operating tankers and dry bulk vessels, today announced that it has received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the minimum Market Value of Publicly Held Shares (MVPHS) of $5,000,000 for continued listing set forth in Listing Rule 5450(b)(1)(C) as the Company's...
