Mfc Industrial Ltd (MIL) 1.93 $MIL MFC Industri
Post# of 273257
Posted On: 09/05/2016 9:02:56 PM
Mfc Industrial Ltd (MIL) 1.93 $MIL
MFC Industrial Completes Acquisition Of Western European Bank And Announces Name Change To "MFC Bancorp Ltd."
PR Newswire - Mon Feb 01, 5:30AM CST
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE: MIL) announces that it has completed the acquisition of BAWAG Malta Bank Ltd. (the "Bank". The Company also announces that its board of directors has approved changing the Company's name to "MFC Bancorp Ltd." effective February 16, 2016.
MIL: 1.93 (+0.06)
MFC Industrial receives regulatory approvals for acquisition of Western European bank
M2 - Thu Jan 14, 5:51AM CST
MFC Industrial Ltd. (NYSE: MIL) has received all necessary regulatory approvals to complete the acquisition of BAWAG Malta Bank Ltd., the company said. Pursuant to the transaction, MFC will acquire the Bank from BAWAG P.S.K. Bank fur Arbeit und Wirtschaft und Osterreichische Postsparkasse Aktiengesellschaft for consideration equal to the net realizable value of the bank at the time of closing, which the company expects will be approximately EUR86 million. The company expects that the acquisition will have no material impact on its liquidity. As the company has received all requisite approvals for the acquisition of the bank, including the approvals of the European Central Bank and the Malta Financial Services Authority, it expects to complete the acquisition within January 2016, at which time the bank will be renamed MFC Merchant Bank Ltd. Upon completion of the transaction, the Bank will focus on trade finance and merchant banking and will not be engaged in retail or general commercial banking activities. The company expects to outsource the majority of the bank's backroom operations, which will allow the company to manage associated costs on a variable basis. MFC is a finance and supply chain company, which facilitates the working capital and other requirements of its customers and suppliers. The company's business activities involve customized structured financial solutions and are supported by captive sources and products secured by third parties.
MIL: 1.93 (+0.06)
MFC Industrial Receives Regulatory Approvals For Acquisition Of Western European Bank
PR Newswire - Mon Jan 11, 5:30AM CST
MFC Industrial Ltd. ("MFC" or the "Company" (NYSE: MIL) is pleased to announce that, further to its news releases dated December 31, 2015, it has received all necessary regulatory approvals to complete the acquisition of BAWAG Malta Bank Ltd., a Western European bank (the "Bank".
MIL: 1.93 (+0.06)
MFC Industrial Announces Appointment Of Director
PR Newswire - Mon Jan 11, 5:00AM CST
MFC Industrial Ltd. ("MFC", the "Company", "we" or "us" (NYSE: MIL) is pleased to announce that Jochen Dumler has been appointed to the board of directors of the Company.
MIL: 1.93 (+0.06)
MFC provides update on European bank acquisition
M2 - Tue Jan 05, 5:11AM CST
MFC Industrial Ltd. (NYSE: MIL) continues to work toward completion of its proposed acquisition of a Western European Bank and currently expects to obtain requisite regulatory approvals on or before January 11, 2016, the company said. MFC Industrial Ltd. is a finance and supply chain company, which facilitates the working capital and other requirements of its customers. The company's business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties. The company does business in multiple geographies and specializes in a wide range of industrial products such as metals, ceramics, minerals, electricity/power, various steel products and ferro-alloys, chemicals and wood products.
MIL: 1.93 (+0.06)
MFC Provides Update On Bank Acquisition
PR Newswire - Thu Dec 31, 5:30AM CST
MFC Industrial Ltd. ("MFC" or the "Company" (NYSE:MIL) announces that, further to its press releases dated June 15 and November 16, 2015, it continues to work towards completion of its proposed acquisition of a Western European Bank and currently expects to obtain requisite regulatory approvals on or before January 11, 2016.
MIL: 1.93 (+0.06)
MFC Industrial reports 3Q loss
Automated Insights - Mon Nov 16, 8:34AM CST
VANCOUVER, British Columbia (AP) _ MFC Industrial Ltd. (MIL) on Monday reported a third-quarter loss of $293.4 million, after reporting a profit in the same period a year earlier.
MIL: 1.93 (+0.06)
MFC Industrial Reports Results For The First Nine Months Of 2015
PR Newswire - Mon Nov 16, 5:30AM CST
MFC Industrial Ltd. ("MFC", the "Company", "we" or "us" (NYSE: MIL) announces its results for the three and nine months ended September 30, 2015. The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS". (All references to dollar amounts are in United States dollars unless otherwise stated.)
MIL: 1.93 (+0.06)
MFC Industrial Announces Date For Third Quarter 2015 Results, Conference Call And Webcast
PR Newswire - Tue Nov 03, 5:30AM CST
MFC Industrial Ltd. (NYSE: MIL), announced today that it plans to release its results for the 2015 third quarter ended September 30, 2015, on Monday, November 16, 2015. MFC Industrial management team will host a conference call to discuss the financial results on the same day at 10:00 am ET.
MIL: 1.93 (+0.06)
MFC Industrial posts 2Q profit
Automated Insights - Fri Aug 14, 5:42AM CDT
VANCOUVER, British Columbia (AP) _ MFC Industrial Ltd. (MIL) on Friday reported second-quarter earnings of $7 million.
MIL: 1.93 (+0.06)
MFC Industrial Ltd. Reports Second Quarter and Six Months Results for 2015
PR Newswire - Fri Aug 14, 5:30AM CDT
MFC Industrial Ltd. ("MFC" or the "Company" (NYSE: MIL) announces its results for the three and six months ended June 30, 2015 and provides an update on its recent corporate developments. The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS". (All references to dollar amounts are in United States dollars unless otherwise stated.)
MIL: 1.93 (+0.06)
MFC Industrial Announces Date for Second Quarter 2015 Results, Conference Call and Webcast
PR Newswire - Fri Aug 07, 3:05PM CDT
MFC Industrial Ltd. (NYSE: MIL), a global supply chain company active in a broad spectrum of services including finance/banking, logistics and materials procurement, announced today that it plans to release its results for the 2015 second quarter ended June 30, 2015, on August 14, 2015. MFC Industrial management team will host a conference call to discuss the financial results on the same day at 10:00 am EDT.
MIL: 1.93 (+0.06)
MFC Industrial Announces Board Changes To Reflect Trade Finance Focus
PR Newswire - Mon Jul 20, 5:30AM CDT
MFC Industrial Ltd. ("MFC" or the "Company" (NYSE: MIL) announces today that in connection with the Company's new direction to focus on trade and structure finance including with its proposed acquisition of a Western European bank, Peter Kellogg and William Horn have stepped down as Directors of the Company.
MIL: 1.93 (+0.06)
U.S. Resident Settles With BCSC for Failure to File Insider Reports
Marketwired - Tue Jun 16, 2:31PM CDT
In a settlement agreement with the Executive Director of the British Columbia Securities Commission (BCSC), Peter R. Kellogg and IAT Reinsurance Company Ltd. (IAT) admitted that they failed to file required insider reports with the BCSC disclosing their beneficial ownership or control of, and transactions in, the shares of MFC Industrial Ltd. (MFC). MFC is a reporting issuer in B.C. under the Securities Act that trades on the New York Stock Exchange (NYSE).
MIL: 1.93 (+0.06)
MFC Industrial Announces An Agreement To Acquire A Western European Bank
PR Newswire - Mon Jun 15, 8:36AM CDT
MFC Industrial Ltd. (NYSE: MIL) announces it has entered into an agreement to acquire a licenced bank in Western Europe. The purchase price under the transaction is subject to finalization on completion and will be based on, among other things, the net realizable capital at such time. The transaction is subject to customary conditions, including, among others, the receipt of requisite national and European Central Bank regulatory approvals. The Company currently expects such regulatory approval process to take several months.
MIL: 1.93 (+0.06)
Lloyd I. Miller, III acquires common shares of MFC Industrial Ltd.
CNW Group - Thu May 28, 12:26PM CDT
On May 22, 2015, Lloyd I. Miller, III acquired ownership of a total of 53,123 common shares (the "Common Shares" of MFC Industrial Ltd. ("MFC" (NYSE-MIL). 18,000 common shares were acquired through Lloyd I. Miller Trust A-4 ("Trust A-4", a trust in respect of which Miller has discretionary investment management authority. 35,123 common shares were acquired through Milfam I L.P. ("M1", a limited partnership of which Miller is the managing member of the general partner. On May 26, 2015 Mr. Miller acquired ownership of a total of 36,077 common shares of MFC. 200 common shares were acquired through Trust A-4. 35,877 common shares were acquired through M1. The Common Shares purchased on May 22, 2015 were acquired through the facilities of the NYSE, OTC, NASDAQ and EDGX at an average price of US$4.5926 per common share or CDN$5.6434 per common share (based on the Noon Bank of Canada exchange rate), representing approximately 0.08% of the currently issued and outstanding common shares of MFC. The Common Shares purchased on May 26, 2015 were acquired through the facilities of the NYSE and NASDAQ at an average price of US$4.5559 per common share or CDN$5.6629 per common share (based on the Noon Bank of Canada exchange rate), representing approximately 0.06% of the currently issued and outstanding common shares of MFC.
MIL: 1.93 (+0.06)
MFC Industrial Ltd. Reports Results For The Three Months Ended March 31, 2015
PR Newswire - Fri May 15, 5:30AM CDT
MFC Industrial Ltd. ("MFC" or the "Company" (NYSE: MIL) announces its results for the three months ended March 31, 2015 and provides an update on its recent corporate developments. The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS". (All references to dollar amounts are in United States dollars unless otherwise stated.)
MIL: 1.93 (+0.06)
MFC Industrial Completes Acquisition Of Western European Bank And Announces Name Change To "MFC Bancorp Ltd."
PR Newswire - Mon Feb 01, 5:30AM CST
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE: MIL) announces that it has completed the acquisition of BAWAG Malta Bank Ltd. (the "Bank". The Company also announces that its board of directors has approved changing the Company's name to "MFC Bancorp Ltd." effective February 16, 2016. MIL: 1.93 (+0.06)
MFC Industrial receives regulatory approvals for acquisition of Western European bank
M2 - Thu Jan 14, 5:51AM CST
MFC Industrial Ltd. (NYSE: MIL) has received all necessary regulatory approvals to complete the acquisition of BAWAG Malta Bank Ltd., the company said. Pursuant to the transaction, MFC will acquire the Bank from BAWAG P.S.K. Bank fur Arbeit und Wirtschaft und Osterreichische Postsparkasse Aktiengesellschaft for consideration equal to the net realizable value of the bank at the time of closing, which the company expects will be approximately EUR86 million. The company expects that the acquisition will have no material impact on its liquidity. As the company has received all requisite approvals for the acquisition of the bank, including the approvals of the European Central Bank and the Malta Financial Services Authority, it expects to complete the acquisition within January 2016, at which time the bank will be renamed MFC Merchant Bank Ltd. Upon completion of the transaction, the Bank will focus on trade finance and merchant banking and will not be engaged in retail or general commercial banking activities. The company expects to outsource the majority of the bank's backroom operations, which will allow the company to manage associated costs on a variable basis. MFC is a finance and supply chain company, which facilitates the working capital and other requirements of its customers and suppliers. The company's business activities involve customized structured financial solutions and are supported by captive sources and products secured by third parties.
MIL: 1.93 (+0.06)
MFC Industrial Receives Regulatory Approvals For Acquisition Of Western European Bank
PR Newswire - Mon Jan 11, 5:30AM CST
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE: MIL) is pleased to announce that, further to its news releases dated December 31, 2015, it has received all necessary regulatory approvals to complete the acquisition of BAWAG Malta Bank Ltd., a Western European bank (the "Bank". MIL: 1.93 (+0.06)
MFC Industrial Announces Appointment Of Director
PR Newswire - Mon Jan 11, 5:00AM CST
MFC Industrial Ltd. ("MFC", the "Company", "we" or "us"
(NYSE: MIL) is pleased to announce that Jochen Dumler has been appointed to the board of directors of the Company. MIL: 1.93 (+0.06)
MFC provides update on European bank acquisition
M2 - Tue Jan 05, 5:11AM CST
MFC Industrial Ltd. (NYSE: MIL) continues to work toward completion of its proposed acquisition of a Western European Bank and currently expects to obtain requisite regulatory approvals on or before January 11, 2016, the company said. MFC Industrial Ltd. is a finance and supply chain company, which facilitates the working capital and other requirements of its customers. The company's business activities involve customized structured financial solutions and are supported by captive sources and products secured from third parties. The company does business in multiple geographies and specializes in a wide range of industrial products such as metals, ceramics, minerals, electricity/power, various steel products and ferro-alloys, chemicals and wood products.
MIL: 1.93 (+0.06)
MFC Provides Update On Bank Acquisition
PR Newswire - Thu Dec 31, 5:30AM CST
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE:MIL) announces that, further to its press releases dated June 15 and November 16, 2015, it continues to work towards completion of its proposed acquisition of a Western European Bank and currently expects to obtain requisite regulatory approvals on or before January 11, 2016. MIL: 1.93 (+0.06)
MFC Industrial reports 3Q loss
Automated Insights - Mon Nov 16, 8:34AM CST
VANCOUVER, British Columbia (AP) _ MFC Industrial Ltd. (MIL) on Monday reported a third-quarter loss of $293.4 million, after reporting a profit in the same period a year earlier.
MIL: 1.93 (+0.06)
MFC Industrial Reports Results For The First Nine Months Of 2015
PR Newswire - Mon Nov 16, 5:30AM CST
MFC Industrial Ltd. ("MFC", the "Company", "we" or "us"
(NYSE: MIL) announces its results for the three and nine months ended September 30, 2015. The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS". (All references to dollar amounts are in United States dollars unless otherwise stated.) MIL: 1.93 (+0.06)
MFC Industrial Announces Date For Third Quarter 2015 Results, Conference Call And Webcast
PR Newswire - Tue Nov 03, 5:30AM CST
MFC Industrial Ltd. (NYSE: MIL), announced today that it plans to release its results for the 2015 third quarter ended September 30, 2015, on Monday, November 16, 2015. MFC Industrial management team will host a conference call to discuss the financial results on the same day at 10:00 am ET.
MIL: 1.93 (+0.06)
MFC Industrial posts 2Q profit
Automated Insights - Fri Aug 14, 5:42AM CDT
VANCOUVER, British Columbia (AP) _ MFC Industrial Ltd. (MIL) on Friday reported second-quarter earnings of $7 million.
MIL: 1.93 (+0.06)
MFC Industrial Ltd. Reports Second Quarter and Six Months Results for 2015
PR Newswire - Fri Aug 14, 5:30AM CDT
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE: MIL) announces its results for the three and six months ended June 30, 2015 and provides an update on its recent corporate developments. The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS". (All references to dollar amounts are in United States dollars unless otherwise stated.) MIL: 1.93 (+0.06)
MFC Industrial Announces Date for Second Quarter 2015 Results, Conference Call and Webcast
PR Newswire - Fri Aug 07, 3:05PM CDT
MFC Industrial Ltd. (NYSE: MIL), a global supply chain company active in a broad spectrum of services including finance/banking, logistics and materials procurement, announced today that it plans to release its results for the 2015 second quarter ended June 30, 2015, on August 14, 2015. MFC Industrial management team will host a conference call to discuss the financial results on the same day at 10:00 am EDT.
MIL: 1.93 (+0.06)
MFC Industrial Announces Board Changes To Reflect Trade Finance Focus
PR Newswire - Mon Jul 20, 5:30AM CDT
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE: MIL) announces today that in connection with the Company's new direction to focus on trade and structure finance including with its proposed acquisition of a Western European bank, Peter Kellogg and William Horn have stepped down as Directors of the Company. MIL: 1.93 (+0.06)
U.S. Resident Settles With BCSC for Failure to File Insider Reports
Marketwired - Tue Jun 16, 2:31PM CDT
In a settlement agreement with the Executive Director of the British Columbia Securities Commission (BCSC), Peter R. Kellogg and IAT Reinsurance Company Ltd. (IAT) admitted that they failed to file required insider reports with the BCSC disclosing their beneficial ownership or control of, and transactions in, the shares of MFC Industrial Ltd. (MFC). MFC is a reporting issuer in B.C. under the Securities Act that trades on the New York Stock Exchange (NYSE).
MIL: 1.93 (+0.06)
MFC Industrial Announces An Agreement To Acquire A Western European Bank
PR Newswire - Mon Jun 15, 8:36AM CDT
MFC Industrial Ltd. (NYSE: MIL) announces it has entered into an agreement to acquire a licenced bank in Western Europe. The purchase price under the transaction is subject to finalization on completion and will be based on, among other things, the net realizable capital at such time. The transaction is subject to customary conditions, including, among others, the receipt of requisite national and European Central Bank regulatory approvals. The Company currently expects such regulatory approval process to take several months.
MIL: 1.93 (+0.06)
Lloyd I. Miller, III acquires common shares of MFC Industrial Ltd.
CNW Group - Thu May 28, 12:26PM CDT
On May 22, 2015, Lloyd I. Miller, III acquired ownership of a total of 53,123 common shares (the "Common Shares"
of MFC Industrial Ltd. ("MFC" (NYSE-MIL). 18,000 common shares were acquired through Lloyd I. Miller Trust A-4 ("Trust A-4", a trust in respect of which Miller has discretionary investment management authority. 35,123 common shares were acquired through Milfam I L.P. ("M1", a limited partnership of which Miller is the managing member of the general partner. On May 26, 2015 Mr. Miller acquired ownership of a total of 36,077 common shares of MFC. 200 common shares were acquired through Trust A-4. 35,877 common shares were acquired through M1. The Common Shares purchased on May 22, 2015 were acquired through the facilities of the NYSE, OTC, NASDAQ and EDGX at an average price of US$4.5926 per common share or CDN$5.6434 per common share (based on the Noon Bank of Canada exchange rate), representing approximately 0.08% of the currently issued and outstanding common shares of MFC. The Common Shares purchased on May 26, 2015 were acquired through the facilities of the NYSE and NASDAQ at an average price of US$4.5559 per common share or CDN$5.6629 per common share (based on the Noon Bank of Canada exchange rate), representing approximately 0.06% of the currently issued and outstanding common shares of MFC. MIL: 1.93 (+0.06)
MFC Industrial Ltd. Reports Results For The Three Months Ended March 31, 2015
PR Newswire - Fri May 15, 5:30AM CDT
MFC Industrial Ltd. ("MFC" or the "Company"
(NYSE: MIL) announces its results for the three months ended March 31, 2015 and provides an update on its recent corporate developments. The Company's financial statements are prepared in accordance with International Financial Reporting Standards ("IFRS". (All references to dollar amounts are in United States dollars unless otherwise stated.) MIL: 1.93 (+0.06)
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