Special News: BPZ Resources Inc (NYSE:BPZ), North American Palladium Ltd. (NYSEMKT:PAL), Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW)
Lakeway, NY — (MARKET NEWS CALL) — 3/05/2014— Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on BPZ Resources Inc (NYSE:BPZ), North American Palladium Ltd. (NYSEMKT:PAL), Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW).
BPZ Resources Inc (NYSE:BPZ)’s shares gained 14.57% to $2.28. The company on Feb. 27 announced its year-end 2013 certified oil reserves. The discussion includes BPZ Energy’s 51% interest in oil reserves for offshore Block Z-1. Reserves are presented under the usual categories of proved developed producing (PDP), proved undeveloped (PUD), total proved, probable, and possible reserve estimates. These estimates were prepared by the Company’s independent reserve auditors Netherland Sewell & Associates, Inc. A full presentation of proved reserves estimated in accordance with Securities and Exchange Commission rules will be included in the 2013 annual report on Form 10-K, expected to be filed in March 2014.
North American Palladium Ltd. (NYSEMKT:PAL)’s shares gained 12.81% to $0.51. The company on Mar. 4 said it has amended the date for the previously announced special meeting of shareholders in connection with its public offering of 7.5% convertible unsecured subordinated debentures and associated warrants. The meeting will now take place on Friday, March 28, 2014 at 9:00 a.m. (Toronto time) at the offices of Stikeman Elliott LLP at Commerce Court West, Suite 5300, 199 Bay Street, Toronto, Ontario, Canada. The record date for shareholders entitled to vote at the meeting remains February 18, 2014.
Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW)’s shares climbed 9.90% to $9.55. The company will hold a conference call to announce its Fourth Quarter 2013 financial results. The call will be held on Thursday, March 6, 2014 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Additionally, the company on Feb. 20 announced that it has closed its previously-announced underwritten public offering of 2,357,500 common shares at a price to the public of $7.05 per share. The number of shares sold in the offering includes the underwriter’s full exercise of the over-allotment option to purchase an additional 307,500 common shares. Quantum estimates net proceeds from the offering to be approximately $15.3 million, after deducting underwriting discounts and commissions and estimated offering expenses. Quantum intends to use the proceeds from the offering for general corporate and working capital purposes.
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Tags: BPZ Resources Inc (NYSE:BPZ), North American Palladium Ltd. (NYSEMKT:PAL), Quantum Fuel Systems Tech Worldwide Inc (NASDAQ:QTWW)