Underwriting

WEST RED LAKE GOLD MINES LTD. TO ACQUIRE MADSEN GOLD MINE IN TRANSFORMATIVE TRANSACTION

Retrieved on: 
Monday, April 17, 2023
Minority, TSX Venture Exchange, FOR, Pure Gold Jewellers, MI, NOT, Companies' Creditors Arrangement Act, Evolution Mining, ASX, NSR, CCAA, Sale, Underwriting, US, WIRE, Gold, Acquisition, Offering, Transaction, OTC, Supreme court, NEWS, Law of the United Kingdom, TSX, Growth, Letter, Security (finance), Mining, Cryptocurrency, Financial adviser, Bank, Pure Gold, Rowan, Sprot

The share and NSR consideration is expected to accrue to Sprott as a fund managed by Sprott is the senior secured lender to Pure Gold.

Key Points: 
  • The share and NSR consideration is expected to accrue to Sprott as a fund managed by Sprott is the senior secured lender to Pure Gold.
  • Following the transaction, WRLG will become a leading, debt-free, and well-capitalized explorer and developer of high-grade gold in the historic Red Lake gold camp.
  • Madsen is strategically surrounded by major producers Evolution Mining (ASX:EVN), Kinross Gold (TSX:K) and Barrick Gold (TSX:ABX)
    Post transaction WRLG emerges debt-free and well capitalized.
  • Tom Meredith, CEO and Director of WRLG, stated, "The acquisition of the Madsen Mine is a major step, and positions us as a leader in Red Lake gold exploration and development.

Tudor Gold Announces Closing of $18.5 Million Bought-Deal Private Placement Offering, with Participation by Mr. Eric Sprott

Retrieved on: 
Thursday, April 13, 2023
Cloud, Exercise, Minority, Indian stock exchange, TSX Venture Exchange, Income Tax Act 1967, MI, Tax, Foreign Investment in Real Property Tax Act, Underwriting, Sale, Offering, Charity, Income Tax Act, Wainwright Securities Inc. v. Wall Street Transcript Corp., Multilateral, Security (finance)

Eric Sprott, through 2176423 Ontario Ltd, a corporation beneficially owned by him, subscribed for approximately $2.0 million in the Offering.

Key Points: 
  • Eric Sprott, through 2176423 Ontario Ltd, a corporation beneficially owned by him, subscribed for approximately $2.0 million in the Offering.
  • In addition, the Company granted the Underwriters 717,169 non-transferable compensation warrants (the "Compensation Warrants").
  • In addition, the Underwriters received an aggregate advisory fee of $13,300 and 10,390 advisory broker warrants on the same terms as the Compensation Warrants.
  • This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

Decisive Dividend Corporation Announces Upsizes to Previously Announced Bought Deal Equity Financing to $10 Million

Retrieved on: 
Thursday, April 6, 2023
Unit, Indian stock exchange, TSX Venture Exchange, Disclosure, Underwriting, Sale, DE, Acquisition, Offering, Capital, SEDAR, Supplement, Security (finance), Corporation

Each Unit will be comprised of one common share of the corporation (a “Common Share”) and one half of one Common Share purchase warrant.

Key Points: 
  • Each Unit will be comprised of one common share of the corporation (a “Common Share”) and one half of one Common Share purchase warrant.
  • Each whole warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $7.09, for a period of 24 months following the closing of the Offering.
  • The Corporation intends to use the net proceeds of the Offering to repay its revolving term acquisition facility and for general corporate and working capital purposes.
  • The Base Prospectus and, once filed, the Supplement can be found on SEDAR at www.sedar.com , and contain important detailed information about the Offering.

Decisive Dividend Corporation Announces Acquisition of Three Businesses and Concurrent Bought Deal Equity Financing

Retrieved on: 
Wednesday, April 5, 2023
Unit, Maintenance, Exercise, Waratah, TSX Venture Exchange, Indian stock exchange, Issue, Original equipment manufacturer, Disclosure, Underwriting, Snow, DE, Acquire (company), Micon, EBITDA, Acquisition, Mining, Capital, SEDAR, TSC Industries, Inc. v. Northway, Inc., Growth, Capital I, Adjustment, Supplement, Acquire BPO, Procore, Bank, Security (finance), Real estate, Warehouse, Mergers and acquisitions, Corporation, Decision Data, Unicast

KELOWNA, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- Decisive Dividend Corporation (TSX-V: DE) (the “Corporation” or “Decisive”) is pleased to announce the acquisition (the “Acquisitions”) of three businesses for $17.2 million in aggregate proceeds.

Key Points: 
  • KELOWNA, British Columbia, April 05, 2023 (GLOBE NEWSWIRE) -- Decisive Dividend Corporation (TSX-V: DE) (the “Corporation” or “Decisive”) is pleased to announce the acquisition (the “Acquisitions”) of three businesses for $17.2 million in aggregate proceeds.
  • Further details on the Bought Deal Equity Financing are provided below.
  • The Corporation intends to repay approximately $7.3 million of the Acquisition Facility using the net proceeds of the Bought Deal Equity Financing, providing ample liquidity for future acquisitions.
  • The Base Prospectus and, once filed, the Supplement can be found on SEDAR at www.sedar.com , and contain important detailed information about the Bought Deal Equity Financing.

Ispire Technology Inc. Announces Pricing of Initial Public Offering

Retrieved on: 
Tuesday, April 4, 2023
Marketing, Research, Underwriting, Sale, Prospectus, Offering, Madison Avenue, Security (finance), Life insurance

LOS ANGELES, April 03, 2023 (GLOBE NEWSWIRE) -- Ispire Technology Inc. (“Ispire” or “the Company”), a leader for vapor technology, providing high-quality, innovative products with first-class performance, today announced that it has priced its initial public offering of 2,700,000 shares of its common stock offered at a price to the public of $7.00 per share.

Key Points: 
  • LOS ANGELES, April 03, 2023 (GLOBE NEWSWIRE) -- Ispire Technology Inc. (“Ispire” or “the Company”), a leader for vapor technology, providing high-quality, innovative products with first-class performance, today announced that it has priced its initial public offering of 2,700,000 shares of its common stock offered at a price to the public of $7.00 per share.
  • The shares are expected to begin trading on the NASDAQ Capital Market on April 4, 2023, under the ticker symbol “ISPR”.
  • The initial public offering is expected to close on April 6, 2023, subject to the satisfaction of customary closing conditions.
  • A registration statement relating to these securities being sold in the initial public offering was declared effective by the SEC on April 3, 2023.

James River Welcomes Todd Sutherland as Senior Vice President of Underwriting

Retrieved on: 
Monday, April 3, 2023
Senior, Excess, AXA, Head, Underwriting, American International Group, Management, XL, AXIS Capital, Reinsurance

PEMBROKE, Bermuda, April 03, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Todd Sutherland has joined the Company as Senior Vice President of Underwriting, Management Liability.

Key Points: 
  • PEMBROKE, Bermuda, April 03, 2023 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Todd Sutherland has joined the Company as Senior Vice President of Underwriting, Management Liability.
  • Mr. Sutherland will report to Richard Schmitzer, Excess and Surplus Lines Segment President and CEO.
  • “I look forward to collaborating with him to drive this new product line of James River forward and welcoming him to Richmond.”
    Mr. Sutherland joins James River with over 30 years of property and casualty industry experience, focused on management liability underwriting.
  • Prior to AXA, Mr. Sutherland spent 13 years as Senior Vice President, Management Liability at Allied World Assurance Company.

TUI AG: Admission of Subscription Rights settled in the form of Depositary Interests (DI Pre-Emptive Rights) and notice of intention to cancel trading of DI Pre-Emptive Rights

Retrieved on: 
Friday, March 31, 2023
ACT, COMMUNICATION, Failure, OF, Acquisition, Investment, TUI AG, PAST, FC Volna Pinsk, European Securities and Markets Authority, EACH, Rump, FINANCIAL, Financial Services and Markets Act 2000, London Stock Exchange, Sponsor, T+1, RESPECT, Underwriting, Prospectus, SELL, HER, Offering, Security (finance), European Union (Withdrawal) Act 2018, THIS, UP, PRICE, Advertising, FCA, DI, Judgement of the German Federal Court of Justice on Google's autocomplete function, Financial services, TUI, Person, Sale, London, AN, United Kingdom, United Arab Emirates, Financial adviser, Life insurance, Cryptocurrency, Federal Financial Supervisory Authority, EU

THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING ANY INVESTOR'S DECISION OR OPTIONS WITH RESPECT TO THE OFFERING (AS DEFINED BELOW).

Key Points: 
  • THIS ANNOUNCEMENT DOES NOT CONSTITUTE A RECOMMENDATION CONCERNING ANY INVESTOR'S DECISION OR OPTIONS WITH RESPECT TO THE OFFERING (AS DEFINED BELOW).
  • THE CONTENTS OF THIS ANNOUNCEMENT ARE NOT TO BE CONSTRUED AS LEGAL, BUSINESS, FINANCIAL OR TAX ADVICE.
  • The Company intends to cancel the trading of the DI Pre-Emptive Rights on a multilateral trading facility of the London Stock Exchange (the Cancellation).
  • Therefore, shareholders or investors who take no action will not receive any compensation for any unexercised Subscription Rights or DI Pre-Emptive Rights and will be diluted.

TUI AG: Publication of Prospectuses

Retrieved on: 
Friday, March 24, 2023
Bank of America, Failure, Barclays, Federal Financial Supervisory Authority, Acquisition, Investment, European Securities and Markets Authority, Financial Services and Markets Act 2000, London Stock Exchange, Sponsor, T+1, Underwriting, Prospectus, Deutsche Bank, Offering, UniCredit, Commerzbank, Security (finance), LSE, European Union (Withdrawal) Act 2018, Advertising, FCA, Investment banking, DI, Financial services, Person, Sale, HSBC Trinkaus, London, ING Group, United Kingdom, Merrill (company), United Arab Emirates, Natixis, EU

The DI Pre-Emptive Rights will expire at the end of the DI Rights Subscription Period.

Key Points: 
  • The DI Pre-Emptive Rights will expire at the end of the DI Rights Subscription Period.
  • The Subscription Ratio is to be rounded down to a maximum of three decimal places.
  • The subscription price per New Share to be paid by existing shareholders is €5.55.
  • Any failure to comply with any such restrictions may constitute a violation of the securities laws of such jurisdiction.

G2 Goldfields Closes C$13.8 Million Bought Deal Public Offering

Retrieved on: 
Friday, March 24, 2023
Exercise, Minority, Prospectus (finance), FOR, MI, NOT, Underwriting, Sale, Prospectus, WIRE, Offering, NEWS, Regulation, Security (finance), Share (finance)

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

Key Points: 
  • /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
    TORONTO, March 24, 2023 /CNW/ - G2 Goldfields Inc. ("G2" or the "Company") (TSXV: GTWO) (OTCQX: GUYGF) is pleased to announce that it has closed its previously announced "bought deal" public offering of common shares of the Company (the "Shares") for aggregate gross proceeds of $13,800,000 (the "Offering").
  • The Offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and included Sprott Capital Partners LP, Roth Canada, Inc. and BMO Nesbitt Burns Inc. (collectively, the "Underwriters").
  • Patrick Sheridan, Executive Chairman of the Company, purchased an aggregate of 250,000 Shares pursuant to the Offering.
  • "United States" and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.

Tudor Gold Announces Upsized $16 Million Bought-Deal Private Placement Offering, With Participation By Mr. Eric Sprott

Retrieved on: 
Friday, March 24, 2023
Cloud, Exercise, Indian stock exchange, NOT, TSX Venture Exchange, Section 50C of the Isle of Man Income Tax Act 1970, FOR, Tax, Foreign Investment in Real Property Tax Act, Underwriting, Sale, Initial public offering, Offering, ULC, Charity, Income Tax Act, Wainwright Securities Inc. v. Wall Street Transcript Corp., Common, Security (finance), Closing

VANCOUVER, British Columbia, March 24, 2023 (GLOBE NEWSWIRE) -- Tudor Gold Corp. (TSXV: TUD) (the “Company”) is pleased to announce that, due to strong investor demand, it has entered into an amended agreement with Research Capital Corporation, as the lead underwriter and sole bookrunner (the “Lead Underwriter”), on behalf of a syndicate of underwriters, including Red Cloud Securities Inc. and Roth Canada, ULC (collectively, the “Underwriters”), to increase the size of its previously announced bought-deal, private placement offering from $10,000,000 to approximately $16,000,000 in aggregate gross proceeds to the Company (the “Offering”). Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to subscribe in the Offering.

Key Points: 
  • Mr. Eric Sprott, through 2176423 Ontario Ltd., has indicated his intention to subscribe in the Offering.
  • The Offering consists of securities of the Company (the “Offered Securities”) in a combination of:
    a) flow-through units of the Company (the “FT Units”) at a price of $1.28 per FT Unit.
  • The Offered Securities to be issued under the Offering will be offered by way of private placement in each of the provinces of Canada.
  • This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.