Toronto Stock Exchange

Algonquin Power & Utilities Corp. Announces Dates for Third Quarter 2021 Financial Results and Conference Call

Wednesday, October 20, 2021 - 10:00pm

About Algonquin Power & Utilities Corp. and Liberty

Key Points: 
  • About Algonquin Power & Utilities Corp. and Liberty
    Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets.
  • Algonquin is a global leader in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.
  • Algonquin owns, operates, and/or has net interests in over 4 GW of installed renewable energy capacity.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/algonquin-power--utilities-corp...
    SOURCE Algonquin Power & Utilities Corp.

Minto Apartment REIT Announces $75 Million Bought Deal Public Offering of Trust Units and Provides an Update on Its Growth Initiatives

Wednesday, October 20, 2021 - 9:36pm

OTTAWA, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Minto Apartment Real Estate Investment Trust (TSX: MI.UN) (the "REIT") announces that it has entered into an agreement to issue 3,300,000 trust units of the REIT (the “Units”) from treasury on a bought deal basis at a price of $22.85 per Unit (the “Offering Price”) to a syndicate of underwriters bookrun by TD Securities Inc. and BMO Capital Markets (the “Underwriters”) for gross proceeds of approximately $75 million (the “Offering”). In addition, the REIT has granted the Underwriters an option, exercisable in whole or in part at any time up to 30 days following closing of the Offering, to purchase up to an additional 495,000 Units at the Offering Price (the "Over-Allotment Option") which, if exercised in full, would increase the gross proceeds of the Offering to approximately $86 million.

Key Points: 
  • The project is being developed by Minto Properties Inc. ("MPI") and construction is expected to commence in Q1 2022.
  • The REIT has committed to providing up to $51.4 million in financing for this project through a convertible development loan.
  • The REIT has committed to providing up to $14.0 million in financing to this project through a convertible development loan.
  • See the REIT's Management Discussion & Analysis dated August 12, 2021 for further discussion of this and other non-IFRS financial measures.

Quarterhill Inc. Announces $50 Million Bought Deal Public Offering of Convertible Debentures

Wednesday, October 20, 2021 - 8:40pm

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) is pleased to announce that it has entered into a $50 million bought-deal financing (the "Convertible Debenture Financing") of convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by Raymond James Ltd. The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances. The Company has granted the Underwriters an over-allotment option to purchase up to an additional $7.5 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Convertible Debenture Financing. The Debentures will mature on October 30, 2026 (the “Maturity Date”).

Key Points: 
  • The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances.
  • The Debentures will mature on October 30, 2026 (the Maturity Date).
  • Except in certain circumstances involving a Change of Control, the Debentures will not be redeemable at the option of the Company before October 31, 2024.
  • Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

PyroGenesis Announces Formation of “PyroGenesis Aluminum” Division Dedicated to Serving the Aluminum Industry

Wednesday, October 20, 2021 - 8:16pm

The combination of these offerings is designed to position PyroGenesis Aluminum as a unique one-stop shop for zero landfill / reduced carbon service solutions, which cater to the Aluminum industry.

Key Points: 
  • The combination of these offerings is designed to position PyroGenesis Aluminum as a unique one-stop shop for zero landfill / reduced carbon service solutions, which cater to the Aluminum industry.
  • Due to their strong, durable, and lightweight characteristics, aluminum products are frequently marketed as a green material, said Mr. David DAoust, Sales Manager Drosrite of PyroGenesis.
  • These qualities have led aluminum to become a key material in the decarbonization of the transportation industry for example, through enabling electrification (electric vehicles).
  • Aluminum dross is typically comprised of two elements: (i) aluminum metal (60%), and (ii) aluminum oxides (40%).

PIMCO Canada Corp. Announces Monthly Distributions for PIMCO Canada Closed End Funds

Wednesday, October 20, 2021 - 7:18pm

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- PIMCO Canada Corp. (“PIMCO Canada”) is pleased to announce today that it has declared monthly distributions on its Class A Units (the “Units”) of the PIMCO Canada closed end funds (the “Funds”). The distributions will be paid on November 12, 2021 to the holders of record at the close of business on October 29, 2021.

Key Points: 
  • The Manager, PIMCO Canada, retains Pacific Investment Management Company LLC (PIMCO), to provide investment management services to the Funds.
  • Closed end funds, unlike open end funds, are not continuously offered.
  • After the initial public offering, shares of closed end funds are sold on the open market through a stock exchange.
  • Units of closed end funds frequently trade at a discount to their net asset value, which may increase risk of loss.

E Automotive Inc. Files Amended and Restated Preliminary Prospectus for Initial Public Offering

Wednesday, October 20, 2021 - 6:54pm

The gross proceeds of the Offering are expected to be approximately $125 million at an offering price between $19.00 and $23.00 per common share.

Key Points: 
  • The gross proceeds of the Offering are expected to be approximately $125 million at an offering price between $19.00 and $23.00 per common share.
  • The Amended and Restated Preliminary Prospectus contains important information relating to the Offering, has not yet become final for purposes of a distribution of securities to the public, and is still subject to completion or amendment.
  • Copies of the Amended and Restated Preliminary Prospectus will be available on SEDAR at www.sedar.com .
  • In connection with the Offering, the Company has applied to list the common shares to be distributed under the Offering on the Toronto Stock Exchange ("TSX").

Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust

Wednesday, October 20, 2021 - 6:00pm

Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors.

Key Points: 
  • Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors.
  • BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments.
  • BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing.
  • WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

Blackstone Real Estate Income Trust Completes Acquisition of WPT Industrial Real Estate Investment Trust

Wednesday, October 20, 2021 - 6:00pm

Blackstone Real Estate Income Trust, Inc. (BREIT) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (WPT) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively, Units) (subject to applicable withholdings) in an all-cash transaction valued at US$3.2 billion, including the assumption of debt (the Transaction).

Key Points: 
  • Blackstone Real Estate Income Trust, Inc. (BREIT) announced that an affiliate has completed its acquisition of WPT Industrial Real Estate Investment Trust (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) (WPT) in a series of transactions that resulted in unitholders receiving US$22.00 per outstanding unit of WPT (collectively, Units) (subject to applicable withholdings) in an all-cash transaction valued at US$3.2 billion, including the assumption of debt (the Transaction).
  • Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors.
  • BREIT invests primarily in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments.
  • WPT Industrial Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario.

InPlay Oil Corp. Announces Completion of $11.5 Million Bought Deal Financing

Wednesday, October 20, 2021 - 1:40pm

CALGARY, Alberta , Oct. 20, 2021 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce it has closed its previously announced bought deal public offering of 9,591,000 subscription receipts (the "Subscription Receipts") at a price of $1.20 per Subscription Receipt for aggregate gross proceeds of approximately $11.5 million (the "Offering"). The Offering was co-led by Eight Capital and ATB Capital Markets Inc. (together, the "Co-Lead Underwriters") on behalf of a syndicate of underwriters comprised of National Bank Financial Inc., Canccord Genuity Corp. and Acumen Capital Finance Partners Limited (collectively with the Co-Lead Underwriters, the "Underwriters"). The Underwriters exercised in full the 15% over-allotment option granted to them in conjunction with today's closing of the Offering.

Key Points: 
  • CALGARY, Alberta , Oct. 20, 2021 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce it has closed its previously announced bought deal public offering of 9,591,000 subscription receipts (the "Subscription Receipts") at a price of $1.20 per Subscription Receipt for aggregate gross proceeds of approximately $11.5 million (the "Offering").
  • The Underwriters exercised in full the 15% over-allotment option granted to them in conjunction with today's closing of the Offering.
  • InPlay Oil is a junior oil and gas exploration and production company with operations in Alberta focused on light oil production.
  • The Company operates long-lived, low-decline properties with drilling development and enhanced oil recovery potential as well as undeveloped lands with exploration possibilities.

BTB Welcomes a New Trustee, Mrs. Christine Marchildon

Wednesday, October 20, 2021 - 1:00pm

MONTRAL, Oct. 20, 2021 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") is pleased to announce the appointment of Mrs. Christine Marchildon, effective as of October 12th, 2021, as BTB's newest Trustee.

Key Points: 
  • MONTRAL, Oct. 20, 2021 /CNW Telbec/ - BTB Real Estate Investment Trust (TSX: BTB.UN) ("BTB" or the "REIT") is pleased to announce the appointment of Mrs. Christine Marchildon, effective as of October 12th, 2021, as BTB's newest Trustee.
  • Mrs. Christine Marchildon is well known in Qubec's business and finance industries.
  • Every year, Mrs. Marchildon has been listed among the "Top 25" in the Finance and Investment Journal.
  • Mrs. Christine Marchildon is known for her pivotal role in the success of growth strategies in the financial services industry, brand development, talent management, employee engagement and organizational management.