Key Developments: Cadiz Inc (CDZI.O)

CDZI.O on Consolidated Issue listed on NASDAQ Global Market

24 Nov 2014
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Latest Key Developments (Source: Significant Developments)

Cadiz Inc conducts public offering of common stock
Monday, 10 Nov 2014 08:30am EST 

Cadiz Inc:Says a registered offering of up to 1,638,869 shares of its common stock at a purchase price of $10.1751 per share.The Offering includes 1,200,000 shares of common stock being sold pursuant to a Securities Purchase Agreement dated Nov. 7 to Water Asset Management, LLC (WAM), a water industry focused investment fund a existing shareholder.Up to 100,000 shares to be offered to one or more additional investors on the same terms.Up to 338,869 shares to be offered to certain holders of the company's convertible debt securities, also on the same terms pursuant to existing lender participation rights provided for these securities.The proceeds to the company from the offering are expected to be about $12,140,120, or up to a maximum of $16,605,656 if all of the additional 438,869 shares offered are subscribed.The offering is expected to close on Nov. 12.  Full Article

Cadiz Inc Announces Agreement To Operate Steam Powered Excursion Train On The Arizona & California Railroad
Thursday, 19 Sep 2013 12:42pm EDT 

Cadiz Inc announced that it has entered into a new trackage rights agreement (Agreement) with the Arizona & California Railroad Company that will facilitate the development of regularly scheduled steam train excursions through the celebrated Mojave Desert between Cadiz, California and Parker, Arizona, which would be one of the longest steam train excursion routes in the United States. The proposed new steam train operation, named the Cadiz Southeastern Railway (CSER), will be powered by water made available from the Cadiz Valley Water Conservation, Recovery & Storage Project (Cadiz Water Project) and, following the completion of additional permitting, will also feature a new museum and cultural center at the Cadiz Ranch property dedicated to the promotion of local desert and railroad history. Under the terms of the Agreement, CSER will operate and maintain its own steam locomotives, passenger cars and terminals within ARZC property. The CSER operation will augment current traffic on the ARZC without interfering with existing freight operations.  Full Article

Cadiz Inc Names Scott Slater Chief Executive Officer
Thursday, 10 Jan 2013 12:03pm EST 

Cadiz Inc announced that it has appointed Company President Scott Slater to the additional role of Chief Executive Officer effective February 1, 2013. Keith Brackpool, a co-founder of the Company who has served as CEO since 1991, will remain as Chairman of the Board of Directors. Mr. Brackpool has been a member of the Company's Board since 1986 and Chairman since 2001.  Full Article

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