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Hotels, Motels & Cruise Lines

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WBF Resort Okinawa to buy 16 properties with investment scale of 200 mln yen

Tuesday, 23 Aug 2016

WBF Resort Okinawa Co Ltd <6179.T>: Says it plans to buy 16 properties in Okinawa, with investment scale of about 200 million yen .Says the properties will be used as commercial facilities.

Peak Resorts announces private placement of $20 mln of cumulative convertible preferred stock

Tuesday, 23 Aug 2016

Peak Resorts Inc : Announces private placement of $20 million of cumulative convertible preferred stock . Agreed to sell Series A cumulative convertible preferred stock, warrants to buy common stock to Cap 1 LLC, family client of Summer Road LLC . In conjunction with private offering, Summer Road to have right to nominate a person for election to Peak's board of directors . Says believes investment will provide it with increased flexibility to meet short- and long-term liquidity .Preferred stock convertible upon change of control, or after 9 months, into shares equal to number of shares to be converted times liquidation value divided by $6.29.

Peak Resorts announces private placement of $20 mln of cumulative convertible preferred stock

Monday, 22 Aug 2016

Peak Resorts Inc : Announces private placement of $20 million of cumulative convertible preferred stock . Agreed to sell Series A cumulative convertible preferred stock, warrants to buy common stock to Cap 1 LLC, family client of Summer Road LLC . In conjunction with private offering, Summer Road to have right to nominate a person for election to Peak's board of directors . Says believes investment will provide it with increased flexibility to meet short- and long-term liquidity .Preferred stock convertible upon change of control, or after 9 months, into shares equal to number of shares to be converted times liquidation value divided by $6.29.

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