lone star gold inc (LSTG) Key Developments
Lone Star Gold, Inc.’s Common Stock To Be Deleted From OTCBB
May 19 14
Lone Star Gold, Inc.’s common stock will be deleted from OTC Bulletin Board (OTCBB) effective May 20, 2014 due to regulatory/non compliance.
Catalunya Banc Lunches Sale Process For Project Hercules
Apr 16 14
Catalunya Banc, S.A. has launched the sale process of Project Hercules. Project Hercules is tranched into three sub-pools, according to loan pool performance, which includes Tranche A: €2.9 billion secured by just under 46,000 performing residential mortgages for which the collateral has a carrying value of €4.4 billion; Tranche B: €1 billion secured by just under 14,000 sub-performing residential mortgages for which the collateral has a carrying value of €1.7 billion; and Tranche C: €3 billion secured by around 52,000 non-performing residential mortgages for which the collateral has a carrying value of €3.7 billion. CoStar News said that a restricted number of parties have been invited to pitch for the sub-pools separately or combined which is expected to have included The Blackstone Group L.P. (NYSE:BX). In addition, Lone Star Gold, Inc. (OTCBB:LSTG), Cerberus Capital Management, L.P., Kennedy Wilson Europe Real Estate plc (LSE:KWE) and Apollo Global Management, LLC (NYSE:APO) are all expected to be among the invited bidders. The Project Hercules dataroom will open on April 21, 2014, with non-binding bids due May 19, 2014. Catalunya Banc is seeking to trade Project Hercules by the end of June 2014. N+1 is acting as financing advisor for Catalunya Banc for sale of Project Hercules. All parties declined to comment to CoStar.
Lone Star Gold, Inc. will Change its Ticker to LSTG.E from LSTG
Apr 16 14
Effective April 21, 2014, Lone Star Gold, Inc. will change its OTC Bulletin Board stock ticker symbol to LSTG.E from LSTG.
Lone Star Gold, Inc. announced delayed annual 10-K filing
Mar 31 14
On 03/31/2014, Lone Star Gold, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Lone Star Announces Management Changes
Dec 23 13
On December 19, 2013, Mark G. Townsend was appointed the Chairman of the Board of Directors and Chief Executive Officer of Lone Star. Mr. Townsend formed Channeland as an unincorporated entity in January 1994 and incorporated it in June 2013, serving as its owner since its inception to the present. On December 19, 2013, Scott A. Hepford was appointment a Director on the Board of Directors as well as Chief Operations Officer of Lone Star. Mr. Hepford is also Senior Director at Lunaria Holdings LLC in Houston, TX, and has been since January 2013. On December 19, 2013, after the appointment of Mr. Townsend and Mr. Hepford, Mr. Daniel M. Ferris tendered his resignation of his positions as a Director on the Board of Directors, CEO, President, Treasurer, and Corporate Secretary of Lone Star. The incoming board members, Mr. Townsend and Mr. Hepfrod, accepted his resignation.