Escrow

Clip Money Inc. and 13842053 Canada Corp. Announce Closing of $8.1 Million Subscription Receipt Financing

Retrieved on: 
Friday, May 13, 2022

Vancouver, British Columbia--(Newsfile Corp. - May 13, 2022) - Clip Money Inc. ("Clip Money" or the "Company") and 13842053 Canada Corp. (formerly, 1290451 BC Ltd.) ("138") are pleased to announce the closing of the previously announced private placement of subscription receipts (the "Subscription Receipts") of Clip Money at a price of $1.00 per Subscription Receipt (the "Issue Price") for aggregate gross proceeds of approximately $8.1 million (the "Offering"), which includes a lead order from a strategic investor for $3 million.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 13, 2022) - Clip Money Inc. ("Clip Money" or the "Company") and 13842053 Canada Corp. (formerly, 1290451 BC Ltd.) ("138") are pleased to announce the closing of the previously announced private placement of subscription receipts (the "Subscription Receipts") of Clip Money at a price of $1.00 per Subscription Receipt (the "Issue Price") for aggregate gross proceeds of approximately $8.1 million (the "Offering"), which includes a lead order from a strategic investor for $3 million.
  • The Offering was carried out in accordance with the terms and conditions of an agency agreement dated May 13, 2022 (the "Agency Agreement") among Clip Money, 138 and the Agents.
  • The Subscription Receipts were created and issued pursuant to a subscription receipt agreement dated May 13, 2022 (the "Subscription Receipt Agreement") among Clip Money, 138 and TSX Trust Company (the "Escrow Agent"), in its capacity as subscription receipt and escrow agent.
  • Upon receipt of the final approval from the TSXV, the Resulting Issuer common shares will begin trading on the TSXV following closing of the Proposed Transaction.

EnerSpar Announces Closing of Private Placement of Subscription Receipts

Retrieved on: 
Friday, May 6, 2022

Calgary, Alberta--(Newsfile Corp. - May 5, 2022) - EnerSpar Corp. (TSXV: ENER) (FSE: 5E0) ("EnerSpar" or the "Company") is pleased to announce that further to its press release of January 18, 2022, the Company has closed a non-brokered private placement through the issuance of 4,551,814 subscription receipts (each, a "Subscription Receipt") at a price of $0.80 per Subscription Receipt for aggregate gross proceeds of $3,641,451.20 (the "Offering").

Key Points: 
  • Calgary, Alberta--(Newsfile Corp. - May 5, 2022) - EnerSpar Corp. (TSXV: ENER) (FSE: 5E0) ("EnerSpar" or the "Company") is pleased to announce that further to its press release of January 18, 2022, the Company has closed a non-brokered private placement through the issuance of 4,551,814 subscription receipts (each, a "Subscription Receipt") at a price of $0.80 per Subscription Receipt for aggregate gross proceeds of $3,641,451.20 (the "Offering").
  • The Units to be issued upon conversion of the Subscription Receipts will be comprised of one common share of the Company (each, a "Common Share") and one Common Share purchase warrant (each, a "Warrant").
  • The Common Shares will be consolidated on a 1 for 10 basis prior to exchange of the Subscription Receipts for the Common Shares and Warrants.
  • EnerSpar is a Tier II TSXV listed exploration company focused on industrial minerals oriented to current and future energy requirements.

Anfield Energy Announces Upsized C$15 Million Private Placement

Retrieved on: 
Friday, April 22, 2022

VANCOUVER, British Columbia , April 21, 2022 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to report that, in connection with its previously announced bought deal private placement financing, the Company has entered into an amended agreement with Haywood Securities Inc., on behalf of itself and Red Cloud Securities Inc. (collectively, the “Underwriters”), to purchase 125,000,000 subscription receipts of the Company (the “Subscription Receipts”) at a price of C$0.12 per Subscription Receipt on a pre-Consolidation (as hereinafter defined) basis (the “Issue Price”) for gross proceeds to the Company of C$15,000,000 (the “Offering”).

Key Points: 
  • As previously disclosed, Anfield has entered into a settlement agreement with Uranium Energy Corp (UEC) respecting US$18.34 million which was owed to Uranium One Americas, Inc. (U1A) and is presently due and owing to UEC (the Indebtedness).
  • UEC has agreed to the full settlement of the Indebtedness for US$9.17 million in cash plus US$9.17 million in securities of Anfield (the Debt Settlement).
  • In addition, Anfield will complete an asset swap to exchange certain of its properties for properties of UEC (the Property Swap and, together with the Debt Settlement, the Transactions).
  • Anfield is a publicly traded corporation listed on the TSX-Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).

Anfield Energy Announces Transactions to Raise Capital, Retire Debt, and Consolidate Uranium and Vanadium Resources in the USA

Retrieved on: 
Thursday, April 21, 2022

VANCOUVER, British Columbia, April 21, 2022 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that it has entered into definitive agreements dated April 19, 2022 which will position the Company as a uranium and vanadium development company solely focused in the Southwest United States. Anfield has entered into a settlement agreement with Uranium Energy Corp (“UEC”) respecting US$18.34 million which was owed to Uranium One Americas, Inc. (“U1A”) and is presently due and owing to UEC (the “Indebtedness”). UEC has agreed to the full settlement of the Indebtedness for US$9.17 million in cash plus US$9.17 million in securities of Anfield (the “Debt Settlement”). In addition, Anfield will complete an asset swap to exchange certain of its properties for properties of UEC (the “Property Swap” and, together with the Debt Settlement, the “Transactions”).

Key Points: 
  • Anfield has entered into a settlement agreement with Uranium Energy Corp (UEC) respecting US$18.34 million which was owed to Uranium One Americas, Inc. (U1A) and is presently due and owing to UEC (the Indebtedness).
  • UEC has agreed to the full settlement of the Indebtedness for US$9.17 million in cash plus US$9.17 million in securities of Anfield (the Debt Settlement).
  • In addition, Anfield will complete an asset swap to exchange certain of its properties for properties of UEC (the Property Swap and, together with the Debt Settlement, the Transactions).
  • Finally, our vanadium resources will increase, giving Anfield a significant position in the vanadium sector in the United States.

Alpha Metaverse Technologies Announces Signing of Definitive Agreement to Acquire 100% of Shape Immersive Entertainment Inc.

Retrieved on: 
Wednesday, April 13, 2022

Shape is a leader in 3D NFTs, holograms, augmented and virtual reality, and play-to-earn game development.

Key Points: 
  • Shape is a leader in 3D NFTs, holograms, augmented and virtual reality, and play-to-earn game development.
  • Shape has also partnered or worked with many well-known Fortune 1000 and other category leading companies such as RTFKT (recently acquired by Nike), Red Bull, Intel and the Olympics.
  • Entering into this Agreement with Shape represents a major milestone for Alpha in our expansion into Web3 and Metaverse-based gaming and branded experiences, said Brian Wilneff, Alpha CEO.
  • This combination of internal and external studio work will also expand Alphas business development pipeline and partnership growth.

Canadian North Resources Inc. Announces Receipt Final Prospectus and Listing on the TSX Venture Exchange

Retrieved on: 
Thursday, April 7, 2022

TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Canadian North Resources Inc. (the “Corporation”) is pleased to announce that:

Key Points: 
  • The Corporation is a reporting issuer in the Provinces of Ontario, British Columbia, Alberta and New Brunswick.
  • The TSX Venture Exchange has accepted for listing the Corporations Common Shares and trading is expected to commence on April 7, 2022 under the stock symbol CNRI.
  • We are pleased to have the Company successfully listed on Toronto Venture Exchange, said Dr. Kaihui Yang, the President and CEO, We thank our shareholders for their patience and strong support.
  • Prior to the listing, the Company raised $19,999,089 from strategic investors through the subscriptions of 26,665,453 Units at a price of $0.75 per Unit.

Churchill Downs Incorporated Announces Upsized Offering of $1,200 Million of Senior Notes due 2030

Retrieved on: 
Wednesday, March 30, 2022

LOUISVILLE, Ky., March 30, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CDI or the Company) (Nasdaq: CHDN) today announced that CDI Escrow Issuer, Inc. (the Escrow Issuer), a wholly owned subsidiary of CDI, successfully priced an upsized offering of $1,200 million in aggregate principal amount of its 5.750% senior notes due 2030 (the Notes).

Key Points: 
  • LOUISVILLE, Ky., March 30, 2022 (GLOBE NEWSWIRE) -- Churchill Downs Incorporated (CDI or the Company) (Nasdaq: CHDN) today announced that CDI Escrow Issuer, Inc. (the Escrow Issuer), a wholly owned subsidiary of CDI, successfully priced an upsized offering of $1,200 million in aggregate principal amount of its 5.750% senior notes due 2030 (the Notes).
  • The offering of the Notes is expected to close on April 13, 2022, subject to customary closing conditions.
  • The proceeds of the proposed offering will be placed in escrow pending satisfaction of certain conditions, including, without limitation, the consummation of the Acquisition.
  • Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby.

Churchill Downs Incorporated Announces Proposed Offering of $900 Million of Senior Notes due 2030

Retrieved on: 
Wednesday, March 30, 2022

The proceeds of the proposed offering will be placed in escrow pending satisfaction of certain conditions, including, without limitation, the consummation of the Acquisition.

Key Points: 
  • The proceeds of the proposed offering will be placed in escrow pending satisfaction of certain conditions, including, without limitation, the consummation of the Acquisition.
  • The offering of the Notes is not being made to any person in any jurisdiction in which the offer, solicitation or sale is unlawful.
  • The offering has not been finally approved by any gaming regulatory authority having jurisdiction over any of CDI's casino operations.
  • Churchill Downs Incorporated is an industry-leading racing, online wagering and gaming entertainment company anchored by our iconic flagship event, the Kentucky Derby.

Goulston & Storrs Collaborates on 2021 ABA Private Target Mergers & Acquisitions Deal Points Study; Shares Key Trends

Retrieved on: 
Thursday, March 24, 2022

NEW YORK, March 24, 2022 /PRNewswire/ -- Allison Sherrier , a corporate attorney in the Goulston & Storrs New York office, recently served on the American Bar Association's (ABA) Market Trends Subcommittee of the M&A Committee to release the 2021 Private Target Mergers & Acquisitions (M&A) Deal Points Study.

Key Points: 
  • NEW YORK, March 24, 2022 /PRNewswire/ -- Allison Sherrier , a corporate attorney in the Goulston & Storrs New York office, recently served on the American Bar Association's (ABA) Market Trends Subcommittee of the M&A Committee to release the 2021 Private Target Mergers & Acquisitions (M&A) Deal Points Study.
  • Sherrier identified 10 key trends of note from the Deal Points Studyin a recent "What'sMarket" blog .
  • Representation and Warranty Insurance (RWI).Sixty-five percent (65%) of deals included references to RWI up significantly from 29% in 2017.
  • We are committed to being a diverse and inclusive workplace where sophisticated business is conducted with genuine camaraderie.

ZACATECAS CLOSES OVERSUBSCRIBED $19.15 MILLION FINANCING

Retrieved on: 
Tuesday, March 22, 2022

VANCOUVER, BC, March 22, 2022 /PRNewswire/ - Zacatecas Silver Corp. ("Zacatecas" or the "Company" (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) is pleased to announce the closing of a $19.15 million offering of subscription receipts (the "Financing").

Key Points: 
  • VANCOUVER, BC, March 22, 2022 /PRNewswire/ - Zacatecas Silver Corp. ("Zacatecas" or the "Company" (TSXV: ZAC) (OTC Markets: ZCTSF) (Frankfurt: 7TV) is pleased to announce the closing of a $19.15 million offering of subscription receipts (the "Financing").
  • The Financing was previously announced on February 28, 2022 as a $15 million private placement and then, due to strong demand, was upsized to $18 million on March 4, 2022.
  • Today, the Financing has closed, on an oversubscribed basis, for total gross proceeds of $19,151,521 pursuant to the issuance of 17,410,474 subscription receipts (each a "Subscription Receipt") at $1.10 per Subscription Receipt.
  • The Zacatecas silver property is located in Zacatecas state, Mexico, within the highly prospective Fresnillo silver belt, which has produced over 6.2 billion ounces of silver.