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Last $0.02 USD
Change Today 0.00 / 0.00%
Volume 0.0
RIGI On Other Exchanges
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

rineon group inc (RIGI) Snapshot

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52 Week High
02/3/15 - $0.08
52 Week Low
09/9/14 - $0.01
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Current Stock Chart for RINEON GROUP INC (RIGI)

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rineon group inc (RIGI) Details

Rineon Group, Inc., through its subsidiary, Amalphis Group Inc., offers business property and casualty insurance products. The company provides directors and officers liability insurance, financial guarantee insurance, excess and umbrella liability insurance, business income insurance, and inland marine and product liability insurance. It also provides automotive insurance coverage to drivers who are unable to obtain insurance from standard carriers. Rineon Group, Inc. was founded in 2006 and is based in Mesa, Arizona.

1 Employees
Last Reported Date: 05/24/10
Founded in 2006

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rineon group inc (RIGI) Key Developments

Jupiter Resources Proposes to Offer USD 1.125 Billion Senior Notes to Help Pay for Bighorn Acquisition

Jupiter Resources Inc. intended to offer USD 1.125 billion aggregate principal amount of its senior notes, the net proceeds of which the company would use to finance, in part, its proposed USD 1.8 billion Bighorn acquisition from Encana Corporation. Subject to market and other conditions, the notes are due in 2022 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to certain non-U.S. persons in accordance with Regulation S under that act. Jupiter would also use net proceeds from this offering for general corporate and investment purposes. As general unsecured obligations of Jupiter, the notes would not be guaranteed initially because the company has no subsidiaries. However, certain of Jupiters future subsidiaries that guarantee the senior-secured, reserve-based revolving credit facility (RBL facility) would guarantee the notes on a senior-unsecured basis, which Jupiter intends to enter into at or prior to the closing of its Bighorn acquisition. The RBL facility is expected to be a CAD 1.5 billion senior-secured, reserve-based revolving credit facility, with an initial borrowing base of CAD 550 million, which is to be undrawn at the closing of the property acquisition and excludes any outstanding letters of credit there under. The notes would not be registered under the Securities Act or the securities laws of any state or other jurisdiction, and may not be offered or sold in the U.S., absent an effective registration statement or an applicable exemption from the registration requirements under the Securities Act, as well as applicable state and foreign securities laws.


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