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Oxford Resource Partners (OXF) Multimillion-Dollar Settlement, Apache (APA) Jana Partners Desires, GW Pharmaceuticals (GWPH) Revitalizing Session Posted: July 22, 2014 @ 4:48 am |
In 2010, OXF signed a contract to deliver coal to Big Rivers Electric Corp. through 2015. Two years later, OXF sued Big Rivers for terminating the agreement. On Monday, OXF disclosed in a filing with the Securities and Exchange Commission that its subsidiary Oxford Mining Company - Kentucky, LLC entered into a Mediation Settlement Agreement with Big Rivers Electric Corp. Pursuant to the terms of the Settlement Agreement, Big Rivers is obligated to make a settlement payment to OXF in the amount of $19,500,000 within thirty days after the date of the Settlement Agreement.
OXF is a low-cost producer of high-value thermal coal in Northern Appalachia. The company markets its coal primarily to large electric utilities with coal-fired, base-load scrubbed power plants under long-term coal sales contracts. More about Oxford Resource Partners, L.P. (OXF) at www.OxfordResources.com. **
The company is currently developing its CRWE Network (CRWE-PR.com), a social networking service which business model is based on selling advertising to businesses targeting both locally and nationally. CRWE Network’s goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums, while providing micro community news, information and business directory content. The CRWE Network has reached the 970th community website in the U.S., associated with 2541 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, Wellington in Florida, Hattiesburg in Mississippi and 10 provinces in Canada. *
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The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE network. CRWE has executed a Letter of Intent to acquire American Video Teleconferencing Corp., (AVOT). The proposed acquisition will be a stock transaction in which CRWE will acquire ninety five percent (95%) of American Video Teleconferencing Corp.’s outstanding shares. Upon the execution of a definitive agreement and subsequent closing of the transaction, it is envisioned that American Video Teleconferencing Corp. will become a subsidiary of CRWE. CRWE may then merge its subsidiary Roxzu, into American Video Teleconferencing Corp. *
The purpose of the site Medical Marijuana CRWE-PR ( www.medicalmarijuana.crwe-pr.com ) is to connect people with information in reference to the industry and patients to a network of physicians, dispensaries and more in reference to States with approved Medical Marijuana usage. *
CRWE‘s iB2BGlobal.com is an international leader in wholesale business transactions between buyers and sellers worldwide. It was created to bring business communities from similar and different continents together online, enabling a cost effective access point for bulk products to be bought, sold and shipped in a timely manner. Buyers and sellers can register for free at iB2BGlobal.com and get integrated immediately into the global business network with various advertising and marketing strategies at their disposal. CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet. More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com ***
Acording to reports, the activist hedge fund firm Jana Partners LLC said in a letter to investors that it has built a stake worth more than $1 billion in APA, its largest new investment in the second quarter, and is calling for the company to sell off its international holdings to drill exclusively on American soil, and to exit some of APA's most expensive projects in Canada and Australia that aim to export natural gas, to free up cash flow.
APA is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom and Australia. More about Apache Corp. (APA) at www.apachecorp.com **
Shares of GWPH surged $3.07 (or +3.67%) to $86.61 on Monday's trading session. GWPH commercialized the world’s first plant-derived cannabinoid prescription drug, Sativex(R), which is approved for the treatment of spasticity due to multiple sclerosis in 25 countries outside the United States. Sativex is also in Phase 3 clinical development as a potential treatment of pain in people with advanced cancer. This Phase 3 program is intended to support the submission of a New Drug Application for Sativex in cancer pain with the United States Food and Drug Administration (FDA) and in other markets around the world. Recently, the FDA has granted Fast Track designation to GWPH‘s investigational cannabidiol product, Epidiolex(R), in the treatment of Dravet syndrome, a rare and catastrophic treatment-resistant form of childhood epilepsy for which there is currently no cure. FDA’s Fast Track program facilitates the development and review of drugs intended to treat serious conditions and fill an unmet medical need. A drug development program with Fast Track designation is afforded greater access to the FDA for the purpose of expediting the drug’s development, review and potential approval to get important new drugs to the patient earlier. In addition to Dravet syndrome, GWPH plans to conduct a clinical development program for Epidiolex in the treatment of Lennox-Gastaut syndrome (LGS). Following receipt earlier in 2014 of orphan drug designation by the FDA in LGS, GWPH expects to hold a pre-IND meeting with the FDA for Epidiolex in the treatment of LGS in mid-2014, and expects to conduct two Phase 3 trials in LGS during 2015.
GWPH is a biopharmaceutical company focused on discovering, developing and commercializing novel therapeutics from its proprietary cannabinoid product platform in a broad range of disease areas. More about GW Pharmaceuticals plc (GWPH) at www.gwpharm.com ** Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer
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Oxford Resource Partners, L.P. (OXF)
Crown Equity Holdings Inc. (CRWE)
The CRWE-PR Finance website ( 
CRWE Press Release ( 
Roxzu ( 
The CRWE Network, based on the momentum the industry has taken in positioning itself for additional grow in the future, is in the process of building an online medical marijuana informational and directory search platform.
With its Division iB2B Global ( 
Apache Corp. (APA)
GW Pharmaceuticals plc (GWPH)
