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June 17, 2014
16:02 EDTNEWLNewLead announces Ironridge Global IV exercised inappropriate self-help
NewLead Holdings announced that Ironridge Global IV has inappropriately, again, exercised "self-help" in directing the transfer agent to issue shares to it, after conceding in court that NewLead had made an election to pay the dividend and embedded dividend liability of the Promissory Note in cash. NewLead has given notice of this election and, without waiver of its claims and rights to set-off, remitted the dividend to Ironridge and expects to pay the embedded dividend liability to Ironridge over the seven year period up to the maturity date of Note
News For NEWL From The Last 14 Days
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February 24, 2015
09:16 EDTNEWLNewLead announces contract of affreightment for MT Katerina L
NewLead announced that it has entered into its first Contract of Affreightment for one of its bitumen tankers vessels, the Katerina L, for the transportation, within a ten month period, of a minimum of 31,000 tons of bitumen over ten voyages, or, at the Charterer's option, up to a maximum of 49,600 tons of bitumen over 16 voyages. The first shipment is scheduled to commence by the end of February 2015. The Katerina L will be trading in the Mediterranean and United Arab Emirates areas between all the major refineries in the respective areas. Katerina L has secured employment for a minimum of 100 and a maximum of 300 days in 2015, depending on the respective trading routes.

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