Underwriting

Liberty Mutual Insurance Appoints Leaders to Two Important New Roles in Global Risk Solutions

Retrieved on: 
Tuesday, August 16, 2022 - 2:30pm

BOSTON, Aug. 16, 2022 /PRNewswire/ -- Liberty Mutual Insurance today announced the appointment of two individuals to newly created leadership positions within Global Risk Solutions (GRS), its commercial and specialty (re)insurance unit. Effective September 1, Crystal Ottaviano will join as GRS Chief Risk Officer, and Chantal Rodriguez will become Liberty Mutual Reinsurance Chief Underwriting Officer. Ottaviano will report to GRS Chief Financial Officer Alison Erbig. Rodriguez will report to both GRS President of Underwriting Matthew Moore and Liberty Mutual Reinsurance President Dieter Winkel. 

Key Points: 
  • Effective September 1, Crystal Ottaviano will join as GRS Chief Risk Officer, and Chantal Rodriguez will become Liberty Mutual Reinsurance Chief Underwriting Officer.
  • Rodriguez will report to both GRS President of Underwriting Matthew Moore and Liberty Mutual Reinsurance President Dieter Winkel.
  • Ottaviano, who has more than 25 years of risk management experience, joins from Aspen Insurance Group, where she was Group Chief Risk Officer.
  • She is a 13-year veteran of Liberty Mutual, most recently serving as Liberty Specialty Markets Head of Enterprise Risk Management.

Rock Tech Lithium Announces Revised Terms for Proposed Offering of Units

Retrieved on: 
Friday, August 12, 2022 - 1:44pm

VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") announces that the terms for its previously announced marketed offering of units of the Company (“Units”) have been amended. The Company now intends to raise aggregate gross proceeds of approximately US$30 million (approximately C$38 million) pursuant to the Offering of Units at a price of C$3.50 per Unit (the “Offering”). Each Unit will be comprised of one common share in the capital of Rock Tech (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") for a period of 36 months from the date of issuance of such Warrant, at an exercise price of C$4.50, subject to and in accordance with the terms and conditions of the warrant indenture to be entered into between the Company and Computershare Trust Company of Canada, including acceleration and adjustment in certain circumstances.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    VANCOUVER, British Columbia, Aug. 12, 2022 (GLOBE NEWSWIRE) -- Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") announces that the terms for its previously announced marketed offering of units of the Company (Units) have been amended.
  • The Company now intends to raise aggregate gross proceeds of approximately US$30 million (approximately C$38 million) pursuant to the Offering of Units at a price of C$3.50 per Unit (the Offering).
  • There can be no assurance as to whether or when the Offering will be completed, or as to the final size or terms of the Offering.
  • ABOUT ROCK TECH LITHIUM INC.
    Rock Tech is a cleantech company on a mission to produce lithium chemicals for EV batteries.

Rock Tech Lithium Announces Proposed Public Offering of Units

Retrieved on: 
Monday, August 8, 2022 - 11:59am

VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it intends to undertake an underwritten marketed offering (the "Offering") of units of Rock Tech ("Units") for gross proceeds of approximately US$50 million, subject to market conditions and other factors. Each Unit will be comprised of one common share in the capital of Rock Tech (a "Common Share") and one half Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") for a period of 18 months from the date of issuance of such Warrant, subject to and in accordance with the terms and conditions of the warrant indenture to be entered into between the Company and Computershare Trust Company of Canada.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    VANCOUVER, British Columbia, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to announce that it intends to undertake an underwritten marketed offering (the "Offering") of units of Rock Tech ("Units") for gross proceeds of approximately US$50 million, subject to market conditions and other factors.
  • There can be no assurance as to whether or when the Offering will be completed, or as to size or terms of the Offering.
  • ABOUT ROCK TECH LITHIUM INC.
    Rock Tech is a cleantech company on a mission to produce lithium chemicals for EV batteries.
  • The forward-looking information contained in this press release reflects Rock Tech management's views as at the date such information was created.

Integra Closes Oversubscribed Overnight Marketed Offering for US$11 Million and Will Draw the US$10 Million Initial Advance on the US$20 Million Convertible Loan Facility With Beedie Capital

Retrieved on: 
Thursday, August 4, 2022 - 2:02pm

In connection with its convertible loan facility of up to US$20 million (the Convertible Facility) from Beedie Investments Ltd. (Beedie Capital), the Company will draw an initial advance of US$10 million (the Initial Advance) today, pursuant to the terms of the credit agreement between Integra and Beedie Capital dated July 28, 2022 (the Credit Agreement).

Key Points: 
  • In connection with its convertible loan facility of up to US$20 million (the Convertible Facility) from Beedie Investments Ltd. (Beedie Capital), the Company will draw an initial advance of US$10 million (the Initial Advance) today, pursuant to the terms of the credit agreement between Integra and Beedie Capital dated July 28, 2022 (the Credit Agreement).
  • In addition to the Convertible Facility, Beedie Capital participated in the Offering and now owns an 8% equity stake in Integra, aligning itself with shareholders of the Company.
  • The Convertible Facility is secured by the Companys material assets and guaranteed by the Companys subsidiaries.
  • For further information on the terms of the Convertible Facility, see the Companys press release datedJuly 28, 2022.

Liberty Mutual Insurance Appoints Two New Underwriting Leaders to Global Risk Solutions to Better Serve Commercial Customers

Retrieved on: 
Wednesday, August 3, 2022 - 5:15pm

BOSTON, Aug. 3, 2022 /PRNewswire/ -- Liberty Mutual Insurance today announced two significant leadership appointments within Global Risk Solutions (GRS) Underwriting. Brandon Fick joins the company as North America Chief Underwriting Officer and Nate Zangerle becomes Chief Underwriting Officer for Global Surety. Fick will report to GRS President of Underwriting Matthew Moore and GRS President Neeti Bhalla Johnson in her interim dual role as President of GRS North America. Zangerle will report to both Moore and GRS Global Surety President Tim Mikolajewski.

Key Points: 
  • BOSTON, Aug. 3, 2022 /PRNewswire/ --Liberty Mutual Insurance today announced two significant leadership appointments within Global Risk Solutions (GRS) Underwriting.
  • Brandon Fick joins the company as North America Chief Underwriting Officer and Nate Zangerle becomes Chief Underwriting Officer for Global Surety.
  • Most recently, he was Chief Underwriting Officer for Zurich North America, overseeing underwriting strategy across many primary and specialty lines.
  • Zangerle's record of significant accomplishments over more than 20 years with Liberty Mutual most recently as Global Surety Chief Operating Officer, Global Risks prepares him to lead surety underwriting across the globe.

BorgWarner Acquires Rhombus Energy Solutions

Retrieved on: 
Wednesday, August 3, 2022 - 11:30am

Leverages BorgWarner's strength and capabilities across quality, engineering, supply chain, manufacturing, and sales

Key Points: 
  • Leverages BorgWarner's strength and capabilities across quality, engineering, supply chain, manufacturing, and sales
    AUBURN HILLS, Mich., Aug. 3, 2022 /PRNewswire/ - BorgWarner Inc. (NYSE: BWA) today announced that it has acquired Rhombus Energy Solutions.
  • Rhombus supplies its patented technology to EV OEMs, including Proterra, and charging and grid service providers.
  • "The technology that Rhombus brings expands BorgWarner's electric vehicle portfolio in North America and complements our existing European charging business.
  • For more than 130 years, BorgWarner has been a transformative global product leader bringing successful mobility innovation to market.

Integra Signs Agreement for US$20 M Convertible Debenture with Beedie Capital, Announces Concurrent Overnight Marketed Public Offering of Up to US$10 M with Lead Order from Beedie Capital

Retrieved on: 
Thursday, July 28, 2022 - 9:27pm

VANCOUVER, British Columbia, July 28, 2022 (GLOBE NEWSWIRE) -- Integra Resources Corp. (“Integra” or the “Company”) (TSX-V: ITR; NYSE American: ITRG) is pleased to announce the signing of a credit agreement with Beedie Investments Ltd. (“Beedie Capital” or the “Lender”) for a US$20,000,000 convertible debenture facility (the “Convertible Facility"). The Company is also pleased to announce an over-night marketed public offering of up to US$10,000,000. The Offering is expected to be completed pursuant to an underwriting agreement to be entered into between the Company and Raymond James Ltd., as co-lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters co-led by Raymond James Ltd. (collectively, the “Underwriters ”). The price and number of common shares to be sold will be determined in the course of marketing.

Key Points: 
  • Integra has signed an agreement with Beedie Capital in respect of an up to US$20 million (M) convertible facility available in two tranches.
  • Beedie Capital, an existing shareholder of Integra Resources, provides lead order to purchase common shares of Integra, as part of an overnight marketed public offering of up to US$10 M (the Offering).
  • The Company is also pleased to announce an over-night marketed public offering of up to US$10,000,000.
  • The Offering and the Convertible Facility will provide visibility to additional capital in the future as needed.

Brian Burke Joins Electromedical Products International, Inc. as President

Retrieved on: 
Friday, July 22, 2022 - 8:55pm

MINERAL WELLS, Texas, July 22, 2022 /PRNewswire-PRWeb/ -- Electromedical Products International, Inc. (EPI), manufacturer of Alpha-Stim technology, has announced Brian Burke as President. Mr. Burke comes to EPI with extensive experience in the medical technology industry, including over 15 years in startup, private equity and public company environments, in the orthopedic, spine, and maxillofacial-dental sectors.

Key Points: 
  • Electromedical Products International, Inc. (EPI), manufacturer of Alpha-Stim technology, has announced Brian Burke as President.
  • MINERAL WELLS, Texas, July 22, 2022 /PRNewswire-PRWeb/ -- Electromedical Products International, Inc. (EPI), manufacturer of Alpha-Stim technology, has announced Brian Burke as President.
  • "Brian is a proven leader across all areas of management in a medical technology company with considerable experience.
  • Electromedical Products International, Inc. (EPI) was formed in 1981 to develop, manufacture and market Alpha-Stim technology worldwide.

Liberty Mutual Insurance Appoints Elizabeth Geary President, Insurance Solutions

Retrieved on: 
Monday, July 18, 2022 - 6:30pm

BOSTON, July 18, 2022 /PRNewswire/ -- Liberty Mutual Insurance Global Risk Solutions (GRS), today announced the appointment of Elizabeth Geary as President, Insurance Solutions. Geary will report to GRS President of Underwriting Matthew Moore, effective late August.

Key Points: 
  • BOSTON, July 18, 2022 /PRNewswire/ -- Liberty Mutual Insurance Global Risk Solutions (GRS), today announced the appointment of Elizabeth Geary as President, Insurance Solutions.
  • Geary will report to GRS President of Underwriting Matthew Moore, effective late August.
  • Geary is an established strategic and operational leader with vast experience in portfolio optimization, cycle and volatility management, data and analytics, and managing underwriting teams in complex lines.
  • Geary joins Liberty Mutual from TransRe, where she served in a dual role as President, Global Portfolio Management, and Chief Underwriting Officer, North America, balancing both transactional and portfolio experience.

Newcore Gold Completes C$5 Million Bought Deal Financing

Retrieved on: 
Tuesday, July 12, 2022 - 1:33pm

VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce it has closed its previously announced bought deal public offering (the "Offering"). Pursuant to the Offering, the Company issued 16,700,000 common shares of the Company (the "Shares") at a price of $0.30 per Share for aggregate gross proceeds to the Company of approximately $5.0 million. Post Offering the Company has 138.1 million shares issued and outstanding, with Management and the Board of Directors owning a 24% equity interest.

Key Points: 
  • VANCOUVER, British Columbia, July 12, 2022 (GLOBE NEWSWIRE) -- Newcore Gold Ltd. ("Newcore" or the "Company") (TSX-V: NCAU, OTCQX: NCAUF) is pleased to announce it has closed its previously announced bought deal public offering (the "Offering").
  • Newcore continues to be well positioned to continue to unlock the value of the Enchi Gold Project through the drill bit."
  • Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africas largest gold producer (1).
  • On Behalf of the Board of Directors of Newcore Gold Ltd.
    Mal Karwowska | Vice President, Corporate Development and Investor Relations