BMO Capital Markets

Probe Gold Completes Previously Announced Bought Deal Private Placement of $10 Million

Retrieved on:

Friday, December 22, 2023

National instrument, La Peltrie, Gold, BMO Capital Markets, PRB, NEWS, Treasury, Common, Part, Growth, Detour Gold, TSX, Indian stock exchange, Detour, Offering, Security (finance)

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement (pursuant to the listed issuer financing exemption (“LIFE”)), for aggregate gross proceeds of approximately C$10 million (the “Offering”). The Offering was comprised of 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share.

Key Points:

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has closed its previously announced bought deal private placement (pursuant to the listed issuer financing exemption (“LIFE”)), for aggregate gross proceeds of approximately C$10 million (the “Offering”).
David Palmer, President and CEO of Probe, states: “We are delighted with the robust support received for the Offering.
In 2024, our focus will be on expanding our resources, exploring new gold targets and advancing development studies at Novador in Val-d’Or.
The Company plans to use the gross proceeds from the Offering to fund exploration and drilling at the Novador Gold project and the Detour Gold project.

Canadian Large Cap Leaders Split Corp. Announces Initial Public Offering

Retrieved on:

Wednesday, December 20, 2023

Sale, BMO Capital Markets, RBC Capital Markets, Scotiabank, Growth, Prospectus, History, Security (finance)

TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that Canadian Large Cap Leaders Split Corp. (the “Company”) has filed a preliminary prospectus dated December 19, 2023 in connection with an initial public offering of preferred shares (“Preferred Shares”) and class A shares (“Class A Shares”). A receipt for the preliminary prospectus has been issued by the securities regulatory authorities in each of the provinces and territories of Canada.

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TORONTO, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Ninepoint Partners LP (“Ninepoint”) is pleased to announce that Canadian Large Cap Leaders Split Corp. (the “Company”) has filed a preliminary prospectus dated December 19, 2023 in connection with an initial public offering of preferred shares (“Preferred Shares”) and class A shares (“Class A Shares”).
A receipt for the preliminary prospectus has been issued by the securities regulatory authorities in each of the provinces and territories of Canada.
The Preferred Shares will be offered at a price of $10.00 per share.
There will not be any sale or any acceptance of an offer to buy the securities until a receipt for the final prospectus has been issued.

Life & Banc Split Corp. Completes Treasury Offering

Retrieved on:

Tuesday, December 19, 2023

Fund, LBS, BMO Capital Markets, RBC Capital Markets, Scotiabank, TSX, Toronto Stock Exchange, Security (finance)

TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- (TSX: LBS, LBS.PR.A) Life & Banc Split Corp. (the “Fund”) is pleased to announce that it has completed a treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) for aggregate gross proceeds of $65.9 million. The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (“TSX”) under the existing symbols LBS (Class A Shares) and LBS.PR.A (Preferred Shares).

Key Points:

Not for distribution to U.S. newswire services or for dissemination in the United States.
TORONTO, Dec. 19, 2023 (GLOBE NEWSWIRE) -- (TSX: LBS, LBS.PR.A) Life & Banc Split Corp. (the “Fund”) is pleased to announce that it has completed a treasury offering of class A shares and preferred shares (the “Class A Shares” and “Preferred Shares”, respectively) for aggregate gross proceeds of $65.9 million.
The Class A Shares and Preferred Shares will trade on the Toronto Stock Exchange (“TSX”) under the existing symbols LBS (Class A Shares) and LBS.PR.A (Preferred Shares).
The Fund invests in a portfolio consisting of common shares of the six largest Canadian banks and the four major publicly traded Canadian life insurance companies:

Endeavour Silver Announces At-the-Market Offering of up to US$60 Million

Retrieved on:

Monday, December 18, 2023

Telephone, CIBC, Sale, Indian stock exchange, EDR, Form, Acquisition, Global Partners, BMO Capital Markets, Attention, News, Mead, Prospectus, TSX, Toronto Stock Exchange, Security (finance), Agent, Offering

The Common Shares will be distributed at the market prices prevailing at the time of each sale and, as a result, prices may vary as between purchasers and during the period of distribution.

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The Common Shares will be distributed at the market prices prevailing at the time of each sale and, as a result, prices may vary as between purchasers and during the period of distribution.
No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange (the “TSX”) or other trading markets in Canada.
The Company will pay the Agents compensation, or allow a discount, of 2.00% of the gross sales price per Common Share sold under the Sales Agreement.
Sales under the Sales Agreement remain subject to necessary regulatory approvals, including the approval of the TSX and the NYSE.

Investors Sue Paycom Software (PAYC) For Concealing the Adverse Impact its Beti Product Had on Other Offerings – Hagens Berman

Retrieved on:

Monday, December 18, 2023

Research, Growth, Person, Cannibalization, BMO Capital Markets, Hagens Berman, Stifel, SAN, Life insurance

SAN FRANCISCO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Paycom Software, Inc. (NYSE: PAYC) investors who suffered substantial losses to submit your losses now .

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SAN FRANCISCO, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Paycom Software, Inc. (NYSE: PAYC) investors who suffered substantial losses to submit your losses now .
Paycom Software, Inc. (NYSE: PAYC) Securities Fraud Class Action:
“The litigation focuses on whether Paycom knew and should have disclosed challenges associated with the ongoing transition to its new payroll solution, Beti,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
After Paycom delivered its 3Q 2023 results, BMO Capital Markets dropped their price target on PAYC over 40%, from $320.00 to $190.00 in a research note dated Nov. 1.
Apart from analyst downgrades, Paycom and its executives face a securities class action brought by investors.

Dundee Precious Metals Announces Acquisition of Osino

Retrieved on:

Monday, December 18, 2023

Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company.

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Upon completion of the Transaction, DPM will issue 13,766,364 shares to Osino shareholders and existing Osino shareholders will own approximately 7% of the combined company.
David Rae, President and Chief Executive Officer of Dundee Precious Metals, made the following comments in relation to the Osino acquisition:
“Twin Hills represents a unique opportunity to add a high-quality development asset in an excellent mining jurisdiction to our portfolio.
The Board of Directors of Osino (the “Osino Board”) appointed a special committee of independent directors (the “Special Committee”) to consider and make a recommendation to the Osino Board with respect to the Transaction.
Accordingly, the Osino Board and the Special Committee recommend that Osino shareholders vote in favour of the Transaction.

Analysts Downgrade Paycom Software (PAYC) in Aftermath of Investor Class Action – Hagens Berman

Retrieved on:

Friday, December 15, 2023

Research, Growth, Person, Cannibalization, BMO Capital Markets, Hagens Berman, Stifel, SAN, Life insurance

SAN FRANCISCO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Paycom Software, Inc. (NYSE: PAYC) investors who suffered substantial losses to submit your losses now .

Key Points:

SAN FRANCISCO, Dec. 15, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges Paycom Software, Inc. (NYSE: PAYC) investors who suffered substantial losses to submit your losses now .
Paycom Software, Inc. (NYSE: PAYC) Securities Fraud Class Action:
“The litigation focuses on whether Paycom knew and should have disclosed challenges associated with the ongoing transition to its new payroll solution, Beti,” said Reed Kathrein, the Hagens Berman partner leading the investigation.
After Paycom delivered its 3Q 2023 results, BMO Capital Markets dropped their price target on PAYC over 40%, from $320.00 to $190.00 in a research note dated Nov. 1.
Apart from analyst downgrades, Paycom and its executives face a securities class action brought by investors.

Osisko Gold Royalties Announces Sale of Common Shares of Osisko Mining for Gross Proceeds of C$132 Million

Retrieved on:

Wednesday, December 13, 2023

National instrument, Suite, National Bank of Canada, Partnership, Gold Fields, Windfall, Sale, Osisko Mining, NSR, BMO Capital Markets, Corporation, Osisko Gold Royalties, TSX, National bank, University Avenue, Gold, Mining

Following the transaction the Corporation no longer holds any common shares of Osisko Mining.

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Following the transaction the Corporation no longer holds any common shares of Osisko Mining.
Paul Martin, interim Chief Executive Officer of Osisko commented: “The sale of our equity position in Osisko Mining serves two important purposes.
Osisko maintains its exposure to Windfall through its 2.0 to 3.0% NSR royalty on the project, and the surrounding property.”
Immediately prior to the transaction, Osisko owned 50,023,569 common shares of Osisko Mining, representing approximately 13.3% of the issued and outstanding common shares of Osisko Mining on a non-diluted basis.
Osisko held its common shares for investment purposes and, following the transaction, Osisko no longer holds any common shares of Osisko Mining.

Ivanhoe Mines Announces C$500 Million Private Placement

Retrieved on:

Tuesday, December 12, 2023

Sale, Indian stock exchange, NOT, BMO Capital Markets, Ivanhoe Mines, CITIC, Common, Prospectus, TSX, Toronto Stock Exchange, Exercise, Offering, Security (finance)

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) is pleased to announce that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$500 million (approximately US$370 million). The Company expects to grant BMO Capital Markets an option, exercisable at the Offering Price up until 48 hours prior to the closing of the Offering, to place up to an additional 15% of the number of Common Shares purchased pursuant to the Offering. The Offering is expected to close on or about December 18, 2023 and is subject to Ivanhoe Mines receiving all necessary regulatory approvals, including approval of the Toronto Stock Exchange.

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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Ivanhoe Mines Ltd. (TSX: IVN; OTCQX: IVPAF) (“Ivanhoe Mines” or the “Company”) is pleased to announce that it has engaged BMO Capital Markets as sole agent in connection with a proposed offering of 41,667,000 Class A common shares (the “Common Shares”), on a private placement basis (the “Offering”) at a price of C$12.00 per Common Share (the “Offering Price”) for aggregate gross proceeds of C$500 million (approximately US$370 million).
The Offering is expected to close on or about December 18, 2023 and is subject to Ivanhoe Mines receiving all necessary regulatory approvals, including approval of the Toronto Stock Exchange.
The Offering will be conducted in reliance upon certain prospectus and private placement exemptions.
The securities issuable to Canadian purchasers under the private placement will be subject to a hold period expiring four months and one day after the closing date.

Probe Gold Announces C$10 Million Bought Deal Financing

Retrieved on:

Tuesday, December 12, 2023

Sale, BMO Capital Markets, PRB, News, Common, Detour Gold, TSX, Toronto Stock Exchange, Offering, Security (finance)

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of private placement (pursuant to the listed issuer financing exemption (“LIFE”)), 4,545,400 Canadian Exploration Expense (“CEE”) flow-through common shares (the “Flow-Through Common Shares”) of the Company, at a price of C$2.20 per Flow-Through Common Share for gross proceeds of approximately C$10 million (the “Offering”).

Key Points:

Not for distribution to U.S. news wire services or dissemination in the United States.
The Company intends to use the net proceeds of the Offering to continue exploration and drilling at its Novador Gold project and Detour Gold project.
The Offering is expected to close on or about December 22, 2023 and is subject to Probe receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.