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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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June 23, 2015
09:21 EDTNEWLNewLead enters into time charter contract for Newlead Castellano vessel
NewLead Holdings announced that it has entered into a time charter contract for one of its Eco-type dry bulk Handysize vessels, the Newlead Castellano, for a minimum of three and a maximum of five months. The gross charter-out rate is $7,650 per day less a 6.25% commission paid to third parties. The vessel was delivered to the charterers at the beginning of June. NewLead has approximately 50.71% and 36.53% of its operating days covered for 2015 for its dry bulk and tanker vessels, respectively.

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