Click here to close now.




















Welcome!

News Feed Item

Firebird Global Master Fund II, Ltd. and its joint actors report certain transactions in securities of Diamond Fields International Ltd.

CAYMAN ISLANDS, April 2, 2014 /CNW Telbec/ - Firebird Global Master Fund II, Ltd. ("FGMFII") announces that (i) it transferred to its parent company, Firebird Global Master Fund II Holdings, Ltd. ("FGMF II Holdings"), all of the securities it held in the share capital of Diamond Fields International Ltd. (TSX-V: DFI) (the "Issuer"), (ii) Firebird Global Master Fund, Ltd. ("FGMF"), a joint actor of FGMFII, transferred to its parent company, Firebird Global Master Fund Holdings, Ltd. ("FGMF Holdings"), an 8% convertible debenture in the principal amount of $150,000 (the "FGMF Holdings Debenture") maturing on January 7, 2015, convertible into 6,666,667 common shares and 6,666,667 warrants to acquire the same number of common shares in the share capital of the Issuer and (iii) the 8% convertible debenture in the principal amount of $151,357 held by FGMF II Holdings matured on March 27, 2014 and it was replaced by a new 8% convertible debenture in the principal amount of $151,357 maturing on March 26, 2015 (the "FGMF II Holdings Debenture") convertible into 3,027,140 units at a conversion price of $0.05 per unit. Each unit is comprised of one common share and one-half share purchase warrant, each whole warrant entitling the holder to acquire one additional common share on or before March 26, 2015 at a price of $0.05 per share.

The aggregate number of securities of the Issuer held by FGMF II Holdings and FGMF Holdings is (i) 5,090,456 common shares, (ii) 17,856 warrants to acquire the same number of common shares in the share capital of the Issuer, (iii) the FGMF II Holdings Debenture convertible into 3,027,140 common shares and 1,513,570 warrants to acquire the same number of common shares in the share capital of the Issuer and (iv) the FMGF Holdings Debenture convertible into 6,666,667 common shares and 6,666,667 warrants to acquire the same number of common shares in the share capital of the Issuer. The 5,090,456 common shares, 17,856 warrants and the FGMF II Holdings Debenture are held by FGMF II Holdings and the FGMF Holdings Debenture is held by FGMF Holdings. FGMFII and FGMF no longer hold any securities in the share capital of the Issuer.

The 5,090,456 common shares held by FGMF II Holdings represent approximately 4.29% of the outstanding common shares of the Issuer.

In addition, assuming (i) the exercise by FGMF II Holdings of the above-mentioned warrants to acquire additional common shares of the Issuer and (ii) the conversion of the FGMF Holdings Debenture and the FGMF II Holdings Debenture (and the exercise of the warrants underlying thereto), the FGMF II Holdings and its joint actors' total securityholding in the share capital of the Issuer would be 22,982,356 common shares, representing approximately 16.85% of the outstanding common shares of the Issuer, including the common shares deemed to be acquired pursuant to the exercise of such warrants and the conversion of both debentures

The securities are held for investment purposes. FGMF II Holdings and its joint actors may, from time to time, acquire additional securities of the Issuer, may continue to hold their present position or may dispose of their securities.

The securities transferred by FGMFII and FGMF to FGMF II Holdings and FGMF Holdings, respectively, were transferred at their then fair market value in the context of a reorganization.

The consideration paid by FGMF II Holdings for the FGMF II Holdings Debenture was $151,357.

No other joint actor of FGMF II Holdings currently holds any securities of the Issuer.

This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation. This press release is not an admission that an entity named in the press release owns or controls any described securities or is a joint actor with anyone else.

SOURCE FIREBIRD GLOBAL MASTER FUND II, LTD.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. CommVault can ensure protection and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...