Ableauctions Announces Cash Distribution
2010-02-17 08:39:08
Quote: OJAI, Calif.--(BUSINESS WIRE)--Ableauctions.com Inc. (NYSE AMEX:AAC) (the “Companyâ€) announced todaythat its board of directors has declared a cash distribution on itscommon stock of $0.55 per share (for a total of approximately $4.5million) and has established December 30, 2009 as the record date forthis distribution and for determining the stockholders who will beentitled to receive distributions from the liquidating entity that is tobe established in conjunction with the Companyâ...
Read articleAbleauctions Estimates Distributions to Total $1.25 - $1.50 Per Share If Reverse Share Exchange Consummated
2010-02-17 08:39:06
Quote: BURNABY, British Columbia--(BUSINESS WIRE)--Ableauctions.com Inc. (NYSE AMEX: AAC) (the “Companyâ€) announced todaythat, if the acquisition of SinoCoking is consummated, the Company willtransfer its remaining assets into a liquidating entity for the purposeof liquidating the assets, paying any liabilities and distributing thenet proceeds to its shareholders.The Company announced on December 21, 2009 that it had establishedDecember 30, 2009 as the record date for determining the shareh...
Read articleAbleauctions Defers Distribution
2010-02-17 08:39:06
Quote: BURNABY, British Columbia--(BUSINESS WIRE)--Ableauctions.com Inc. (NYSE AMEX: AAC) (the “Companyâ€) announced todaythat, following consultation with Top Favour Limited (SinoCoking), itwill defer making any distributions prior to the consummation of theacquisition in order to facilitate the transaction. Therefore, therecord date of December 30, 2009 announced for the $4.5 milliondistribution has been retracted. The Company will issue a releaseshortly elaborating on distributions that w...
Read articleAbleauctions Reports on Annual General Meeting
2010-02-17 08:39:06
Quote: The shares represented at the meeting constitute 84% of theoutstanding shares.For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com.For more information, contact Investor Relations at investorrelations@ableauctions.com.This press release contains forward-looking statements, particularly asrelated to, among other things, the business plans of the Company,statements relating to goals, plans and projections regarding theCompany's financial position, the Company's busin...
Read articleAbleauctions Releases Questions and Answers Regarding SinoCoking Acquisition and Liquidation
2010-02-17 08:39:05
Quote: Some of the answers to these questions could change if theevents described below do not occur as planned.Q: What events will occur on the Closing Date?A: Assuming that the share exchange closes as planned, the Company willeffect a 1-for-20 reverse split of its outstanding common stock, meaningthat each block of 20 shares of common stock will be combined into oneshare of common stock; the Company will complete a share exchange inwhich approximately 13.2 million post-reverse-split shares of common...
Read articleAbleauctions Announces Closing Date of Acquisition of SinoCoking Coal and Coke Chemical Industries, Inc., and Final Terms for Participants in Liquidating Trust
2010-02-17 08:39:05
Quote: We expect that the Company’scommon stock will be quoted on the OTC on February 8, 2010 or soonthereafter.On or immediately following the Closing Date, the Company anticipatescompleting the initial closing of a private placement of its equitysecurities to certain private investors, the details of which are to beannounced in a subsequent press release.About Ableauctions.comiCollector.com Unlimited Closeouts.com.www.ableauctions.com/technology)and currently provides the technology and relate...
Read articleAnnouncement of New Trading Symbol for Sinocoking (SCOK)
2010-02-17 08:39:04
Quote: BURNABY, British Columbia--(BUSINESS WIRE)--As previously announced, Ableauctions.com Inc. (NYSE AMEX:AAC) (the“Companyâ€) will consummate its acquisition of SinoCoking today effectiveat 5:00 p.m. Pacific Time. At such time a 1-for-20 reverse stock splitwill be effected and the Company’s name will be changed to “SinoCokingCoal and Coke Chemical Industries, Inc.â€On Monday, February 8, 2010, the post-reverse-split, post-transactionshares of the Company’s common...
Read articleAbleauctions Acquires Coal and Coke Producer SinoCoking
2010-02-17 08:39:04
Quote: AACNews) (the “Companyâ€) released a statementtoday about its acquisition of SinoCoking, a coal and coke producerbased in central China.“We are pleased to announce our acquisition of SinoCoking, a coal andcoke producer based in the Henan Province in the People’s Republic ofChina,†said Abdul Ladha, Chief Executive Officer of Ableauctions.com,Inc. The closing of the acquisition is scheduled to occur at the closeof business on February 5, 2010. Mr. Ladha further added...
Read articleAnnouncement of New Trading Symbol for Sinocoking (SCOK)
2010-02-08 04:23:40
Quote: BURNABY, British Columbia--(BUSINESS WIRE)--As previously announced, Ableauctions.com Inc. (NYSE AMEX:AAC) (the“Companyâ€) will consummate its acquisition of SinoCoking today effectiveat 5:00 p.m. Pacific Time. At such time a 1-for-20 reverse stock splitwill be effected and the Company’s name will be changed to “SinoCokingCoal and Coke Chemical Industries, Inc.â€On Monday, February 8, 2010, the post-reverse-split, post-transactionshares of the Company’s common...
Read articleAbleauctions Releases Questions and Answers Regarding SinoCoking Acquisition and Liquidation
2010-02-05 08:39:22
Quote: Some of the answers to these questions could change if theevents described below do not occur as planned.Q: What events will occur on the Closing Date?A: Assuming that the share exchange closes as planned, the Company willeffect a 1-for-20 reverse split of its outstanding common stock, meaningthat each block of 20 shares of common stock will be combined into oneshare of common stock; the Company will complete a share exchange inwhich approximately 13.2 million post-reverse-split shares of common...
Read articleAbleauctions Announces Closing Date of Acquisition of SinoCoking Coal and Coke Chemical Industries, Inc., and Final Terms for Participants in Liquidating Trust
2010-02-05 08:39:22
Quote: We expect that the Company’scommon stock will be quoted on the OTC on February 8, 2010 or soonthereafter.On or immediately following the Closing Date, the Company anticipatescompleting the initial closing of a private placement of its equitysecurities to certain private investors, the details of which are to beannounced in a subsequent press release.About Ableauctions.comiCollector.com Unlimited Closeouts.com.www.ableauctions.com/technology)and currently provides the technology and relate...
Read articleAbleauctions Acquires Coal and Coke Producer SinoCoking
2010-02-05 08:39:21
Quote: AACNews) (the “Companyâ€) released a statementtoday about its acquisition of SinoCoking, a coal and coke producerbased in central China.“We are pleased to announce our acquisition of SinoCoking, a coal andcoke producer based in the Henan Province in the People’s Republic ofChina,†said Abdul Ladha, Chief Executive Officer of Ableauctions.com,Inc. The closing of the acquisition is scheduled to occur at the closeof business on February 5, 2010. Mr. Ladha further added...
Read articleAbleauctions Defers Distribution
2010-01-26 02:01:43
Quote: BURNABY, British Columbia--(BUSINESS WIRE)--Ableauctions.com Inc. (NYSE AMEX: AAC) (the “Companyâ€) announced todaythat, following consultation with Top Favour Limited (SinoCoking), itwill defer making any distributions prior to the consummation of theacquisition in order to facilitate the transaction. Therefore, therecord date of December 30, 2009 announced for the $4.5 milliondistribution has been retracted. The Company will issue a releaseshortly elaborating on distributions that w...
Read articleAbleauctions Estimates Distributions to Total $1.25 - $1.50 Per Share If Reverse Share Exchange Consummated
2010-01-26 02:01:42
Quote: BURNABY, British Columbia--(BUSINESS WIRE)--Ableauctions.com Inc. (NYSE AMEX: AAC) (the “Companyâ€) announced todaythat, if the acquisition of SinoCoking is consummated, the Company willtransfer its remaining assets into a liquidating entity for the purposeof liquidating the assets, paying any liabilities and distributing thenet proceeds to its shareholders.The Company announced on December 21, 2009 that it had establishedDecember 30, 2009 as the record date for determining the shareh...
Read articleABLEAUCTIONS COM INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2010-01-01 03:57:07
Quote: Item 8.01.Other Events.
The shareholders of Ableauctions.com Inc. approved the following actions at the
annual general meeting that was held on December 30, 2009:
The acquisition of a 100% interest in Top Favour Limited (SinoCoking) by means
of a share exchange transaction (the "Acquisition") whereby in connection with
the Acquisition the Company will issue up to 13.2 million shares of its common
stock to the shareholders of SinoCoking, which will constitute approximately 97%
of the C...
Read articleAbleauctions Reports on Annual General Meeting
2009-12-31 04:12:01
Quote: The shares represented at the meeting constitute 84% of theoutstanding shares.For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com.For more information, contact Investor Relations at investorrelations@ableauctions.com.This press release contains forward-looking statements, particularly asrelated to, among other things, the business plans of the Company,statements relating to goals, plans and projections regarding theCompany's financial position, the Company's busin...
Read articleAbleauctions Announces Cash Distribution
2009-12-22 02:36:47
Quote: OJAI, Calif.--(BUSINESS WIRE)--Ableauctions.com Inc. (NYSE AMEX:AAC) (the “Companyâ€) announced todaythat its board of directors has declared a cash distribution on itscommon stock of $0.55 per share (for a total of approximately $4.5million) and has established December 30, 2009 as the record date forthis distribution and for determining the stockholders who will beentitled to receive distributions from the liquidating entity that is tobe established in conjunction with the Companyâ...
Read articleABLEAUCTIONS COM INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
2009-12-22 02:36:45
Quote: Item 8.01.Other Matters.
On December 21, 2009 Ableauctions.com Inc. (the "Company") issued the attached
press release announcing that its board of directors has declared a cash
distribution on its common stock of $0.55 per share (for a total of
approximately $4.5 million) and has established December 30, 2009 as the record
date for this distribution and for determining the stockholders who will be
entitled to receive distributions from the liquidating entity that is to be
established ...
Read articleAbleauctions Announces Financial Results for Q3 2009
2009-12-01 03:22:33
Quote: The Company will continue torestructure its operations or acquire or merge with another business.However, in the absence of a definitive transaction, the Company intendsto continue focusing on its investment and property developmentbusiness, which management believes to be in the best interests of theCompany and its shareholders.About Ableauctions.comiCollector.comNaalive.comUnlimited Closeouts.com.www.ableauctions.com/technology)and currently provides the technology and related services to auct...
Read articleABLEAUCTIONS COM INC Files SEC form 8-K, Entry into a Material Definitive Agreement
2009-12-01 03:22:32
Quote: Item 1.01.Entry into a Material Definitive Agreement
On July 17, 2009, Ableauctions.com, Inc. ("Ableauctions"), Abdul Ladha and
Hanifa Ladha executed a Share Exchange Agreement ("Exchange Agreement") with Top
Favour Ltd. ("Top Favour") and the shareholders of Top Favour pursuant to which
the Top Favour shareholders agreed to exchange their shares of Top Favour
capital stock for newly-issued shares of Ableauctions. Section 8.1(b) of Article
8 of the Exchange Agreeme...
Read article