Escrow

25 Years in the Making: Celebration.com Listed For Sale

Tuesday, January 26, 2021 - 5:46am

This is an event thats been 25 years in the making, commented Michael Gargiulo , CEO of VPN .

Key Points: 
  • This is an event thats been 25 years in the making, commented Michael Gargiulo , CEO of VPN .
  • We look forward to connecting this luxury domain name with a new owner who has a great vision and enjoys a good celebration!
  • In todays age, the word celebration is considered to be one of the most uplifting words in the dictionary.
  • VPN.com completes transactions with the most secure escrow services and offers access to the best intellectual property attorneys in the world.

Kensington Vanguard National Land Services Hires Heather M. Niedens as National Commercial Escrow Officer for Lone Star Division

Thursday, January 21, 2021 - 9:08pm

NEW YORK, Jan. 21, 2021 /PRNewswire/ --Kensington Vanguard National Land Services ("KV"), one of the largest independent, full-service national title insurance agencies in the country, is pleased to announce the hiring of Heather M. Niedens, a highly regarded national commercial escrow officer with 25 years of industry experience.

Key Points: 
  • NEW YORK, Jan. 21, 2021 /PRNewswire/ --Kensington Vanguard National Land Services ("KV"), one of the largest independent, full-service national title insurance agencies in the country, is pleased to announce the hiring of Heather M. Niedens, a highly regarded national commercial escrow officer with 25 years of industry experience.
  • We are thrilled to have her join the KV team," said Jennifer Maxwell, Co-Branch Manager at Kensington Vanguard.
  • Kensington Vanguard National Land Services, headquartered in New York City, has offices in Arizona, Florida, New Jersey, Virginia and Texas.
  • Founded in 2002, Kensington Vanguard provides commercial and residential title insurance, settlement, escrow and 1031 exchange services.

REX Selects Qualia to Expand into Home Closings

Thursday, January 21, 2021 - 1:03pm

The REX and Qualia partnership consolidates the closing process, enabling growth of REX's title and escrow capabilities without sacrificing efficiency or security.

Key Points: 
  • The REX and Qualia partnership consolidates the closing process, enabling growth of REX's title and escrow capabilities without sacrificing efficiency or security.
  • We're excited to have found a partner in Qualia that shares the same goal of a streamlined transaction," said Lynley Sides, REX co-Founder, COO, and President.
  • However, Qualia's new partnership with REX grants users active participation in their home closings a massive step towards digitization and transparency.
  • To advance digital real estate innovation during the pandemic, Qualia recently launched Qualia RON, a remote online notarization product to enable entirely digital, contactless home closings.

Peak Signs Agreement with China UnionPay Subsidiary to Implement Payment Processing and Fund Transfer Services to Cubeler Lending Hub Ecosystem

Monday, January 18, 2021 - 12:30pm

Peak's clients will have virtual bank accounts within the Lending Hub ecosystem where they can hold cash balances and pay for products and services.

Key Points: 
  • Peak's clients will have virtual bank accounts within the Lending Hub ecosystem where they can hold cash balances and pay for products and services.
  • Peak will have the ability to debit and credit its clients' real bank accounts held outside of Lending Hub, as well as offer new value-added services, such as escrow services.
  • "The services associated with this agreement, once fully implemented, will touch every transaction conducted throughout the Lending Hub ecosystem," commented Peak China CEO Liang Qiu.
  • Peak will also have the ability to debit and credit its clients' real bank accounts held outside of the Lending Hub ecosystem.

Caldas Gold Receives Technical Approval for Marmato Mining Title Extension

Monday, January 18, 2021 - 12:00pm

TORONTO, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has received official notification from the Agencia Nacional de Mineria (ANM) confirming approval of the technical information related to its request for a 30-year extension of its Marmato mining contract 014-89M.

Key Points: 
  • TORONTO, Jan. 18, 2021 (GLOBE NEWSWIRE) -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has received official notification from the Agencia Nacional de Mineria (ANM) confirming approval of the technical information related to its request for a 30-year extension of its Marmato mining contract 014-89M.
  • With the economic conditions and technical approval now complete, the Company and the ANM are finalizing the legal documents for the mining title extension.
  • Caldas Gold is a Canadian junior mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in the Department of Caldas, Colombia.
  • The net proceeds of the Aris Gold private placement, the management and board changes and the Company name change will all occur once certain escrow release conditions are met, including completion of the Marmato mining title extension.

ILA Provides Update and Additional Details Relating to Proposed Purchase of  Voxtur Technologies, Brightline Title and Certain Assets of James E. Albertelli, P.A.

Friday, January 15, 2021 - 2:55pm

In an effort to further support the needs of his institutional clients, Mr. Albertelli built a national title, escrow and closing company in Brightline Title.

Key Points: 
  • In an effort to further support the needs of his institutional clients, Mr. Albertelli built a national title, escrow and closing company in Brightline Title.
  • Finally, Jim has developed multiple technology platforms that support real estate investors, lenders and servicers across the real estate industry.
  • Early in his career, Mr. Albertelli developed his litigation skills in the State and Federal Courts of Florida and Georgia.
  • He has also practiced as an Assistant District Attorney for the Chief Judge of the Cobb Judicial Court in Georgia.

Nobel Resources Corp. and Novo19 Capital Corp. Announce Closing of Subscription Receipt Offering

Thursday, January 14, 2021 - 9:51pm

Nobel will use the net proceeds from the Offering for general corporate and working capital purposes.

Key Points: 
  • Nobel will use the net proceeds from the Offering for general corporate and working capital purposes.
  • Upon satisfaction of the Escrow Release Conditions, each Subscription Receipt will be automatically exchanged, without any further action by its holder, and for no additional consideration, for one common share of Nobel (a "Nobel Share").
  • Prior to the closing of the Amalgamation, Novo19 shall complete a consolidation (the "Consolidation") of Novo19 Shares on the basis of one (1) post-Consolidation Novo19 Share for every 6.6667 pre-Consolidation Novo19 Shares held.
  • Upon completion of the Amalgamation, Novo19 (the "Resulting Issuer") will continue the business of Nobel under the name "Nobel Resources Corp.".

Wolf Acquisition Corp. Announces Proposed Changes in Accordance with New CPC Policy

Wednesday, January 13, 2021 - 10:42pm

Pursuant to the New CPC Policy, in order for the Company to align certain of its policies with the New CPC Policy, it is required to obtain the approval of disinterested shareholders of the Company ("Disinterested Shareholders").

Key Points: 
  • Pursuant to the New CPC Policy, in order for the Company to align certain of its policies with the New CPC Policy, it is required to obtain the approval of disinterested shareholders of the Company ("Disinterested Shareholders").
  • Under the Exchange's Policy 2.4 - Capital Pool Companies (as at June 14, 2010) (the "Former CPC Policy") there were certain consequences if a QT is not completed within 24 months of the Listing Date.
  • The New CPC Policy has removed these consequences assuming Disinterested Shareholder approval is obtained.
  • Under the New CPC Policy, if approved by Disinterested Shareholders at the Meeting, all escrowed securities of the Company will be released from escrow in accordance with the following schedule:

NII Holdings Provides Update On Dissolution Proceedings And Settlement With AT&T

Tuesday, January 12, 2021 - 10:29pm

RESTON, Va., Jan. 12, 2021 /PRNewswire/ --On January 12, 2021, NII Holdings, Inc. ("NII") announced that it has reached agreement with AT&T Mobility Holdings B.V., New Cingular Wireless Services, Inc., AT&T Holdings Mexico, S. de R.L.

Key Points: 
  • RESTON, Va., Jan. 12, 2021 /PRNewswire/ --On January 12, 2021, NII Holdings, Inc. ("NII") announced that it has reached agreement with AT&T Mobility Holdings B.V., New Cingular Wireless Services, Inc., AT&T Holdings Mexico, S. de R.L.
  • de C.V. (collectively, "AT&T") related to the amount of security needed to secure AT&T's contingent contractual claims in NII's dissolution proceedings (the "Settlement").
  • The Settlement provides AT&T with $75.0 million of security for its claims in the dissolution proceedings to be held in an escrow account (the "New Escrow Account").
  • The high end of the range has increased from NII's previous guidance as a result of the Settlement Payment.

Blackstone Private Credit Fund Breaks Escrow with Net Proceeds of $814 Million

Tuesday, January 12, 2021 - 1:24pm

Blackstone Private Credit Fund (BCRED) today announced that it broke escrow as of January 7, 2021 with approximately $814 million in net proceeds for its continuous public offering (the Offering).

Key Points: 
  • Blackstone Private Credit Fund (BCRED) today announced that it broke escrow as of January 7, 2021 with approximately $814 million in net proceeds for its continuous public offering (the Offering).
  • In connection with breaking escrow, BCRED issued and sold 32,560,141 shares of its common stock in the Offering.
  • The expertise and intellectual capital of Blackstones credit platform are at the core of BCREDs ability to capitalize on opportunities across private credit.
  • Certain information contained in this communication constitutes forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995.