Transaction

Playmaker Capital Mails Management Information Circular for Special Meeting of Shareholders

Retrieved on: 
Friday, December 22, 2023

Company Shareholders of record as of the close of business on December 11, 2023 are entitled to receive notice and vote at the Meeting.

Key Points: 
  • Company Shareholders of record as of the close of business on December 11, 2023 are entitled to receive notice and vote at the Meeting.
  • The Circular provides important information on the Arrangement and related matters, including voting procedures and instructions for shareholders unable to attend the Meeting.
  • Readers are cautioned that undue reliance should not be placed on forward-looking information as actual results may vary materially from the forward-looking information.
  • Playmaker does not undertake to update, correct or revise any forward-looking information as a result of any new information, future events or otherwise, except as may be required by applicable law.

Nighthawk Gold Closes C$13.0 Million Bought Deal Equity Financing

Retrieved on: 
Tuesday, December 19, 2023

Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK) is pleased to announce that it has closed the previously announced “bought deal” subscription receipt concurrent private placement (the “Concurrent Financing”) that was being conducted in connection with the arrangement between Nighthawk and Moneta Gold Inc. (“Moneta”) (together with Nighthawk, “MergeCo”) announced on November 28, 2023 (the “Transaction”).

Key Points: 
  • Nighthawk Gold Corp. (“Nighthawk” or the “Company”) (TSX: NHK) is pleased to announce that it has closed the previously announced “bought deal” subscription receipt concurrent private placement (the “Concurrent Financing”) that was being conducted in connection with the arrangement between Nighthawk and Moneta Gold Inc. (“Moneta”) (together with Nighthawk, “MergeCo”) announced on November 28, 2023 (the “Transaction”).
  • Pursuant to the Concurrent Financing, Nighthawk issued 38,235,294 subscription receipts of Nighthawk (the “Subscription Receipts”) at a price of C$0.34 per Subscription Receipt for aggregate gross proceeds of C$13.0 million, which reflects a partial exercise of the Underwriters’ Option.
  • Upon completion of the Transaction, the net proceeds of the Concurrent Financing are expected to be used by MergeCo to fund the exploration and advancement of the Tower Gold Project and Colomac Gold Project and for working capital and general corporate purposes.
  • By virtue of their participation, the Concurrent Financing constitutes a "related party transaction" under applicable securities laws.

INTERNATIONAL BATTERY METALS LTD. ANNOUNCES PRIVATE PLACEMENT AND SHARES FOR SERVICES ISSUANCES

Retrieved on: 
Thursday, December 21, 2023

Each Warrant will permit the holder to acquire one additional Common Share at a price of $0.82 for a period of 24 months from closing of the Private Placement.

Key Points: 
  • Each Warrant will permit the holder to acquire one additional Common Share at a price of $0.82 for a period of 24 months from closing of the Private Placement.
  • The proceeds from the Private Placement will be used to fund the Company's ongoing operations and other general corporate expenditures.
  • The Company expects that an officer of the Company will purchase Units under the Private Placement.
  • Accordingly, each of the Private Placement, Share Settlements and Bonus Payments (together, the "Transactions") are related party transactions pursuant to MI 61-101.

Hardware Security Modules Market worth $2.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, December 20, 2023

By deployment type, the cloud segment is projected to hold the larger share of the hardware security modules market in 2028.

Key Points: 
  • By deployment type, the cloud segment is projected to hold the larger share of the hardware security modules market in 2028.
  • These modules enable quick scalability for users by means of adding and removing hardware security module capacity on-demand, with no up-front costs.
  • LAN-based/network-attached hardware security modules are expected to dominate the hardware security modules during the forecast period.
  • The report profiles key players in hardware security modules companies with their respective market ranking analysis.

Hardware Security Modules Market worth $2.3 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, December 20, 2023

By deployment type, the cloud segment is projected to hold the larger share of the hardware security modules market in 2028.

Key Points: 
  • By deployment type, the cloud segment is projected to hold the larger share of the hardware security modules market in 2028.
  • These modules enable quick scalability for users by means of adding and removing hardware security module capacity on-demand, with no up-front costs.
  • LAN-based/network-attached hardware security modules are expected to dominate the hardware security modules during the forecast period.
  • The report profiles key players in hardware security modules companies with their respective market ranking analysis.

Inside information: Citycon Oyj successfully completes directed share issue in exchange for repurchasing certain of its hybrid bonds for EUR 6.4 million

Retrieved on: 
Wednesday, December 20, 2023

HELSINKI, Dec. 20, 2023 /PRNewswire/ -- The Board of Directors of Citycon Oyj ("Citycon" or the "Company") has decided, by virtue of the authorization granted by the Annual General Meeting of the Company on 21 March 2023, to issue up to 1,210,866 new shares in the Company (the "Shares") to certain institutional hybrid bond holders in the Company (the "Investors") in deviation of the pre-emptive subscription rights of the shareholders (the "Share Issue") in exchange for the Company repurchasing certain of its outstanding subordinated fixed to reset rate 5.25 year non-call undated green capital securities, issued on 22 November 2019 (ISIN XS2079413527, the "2024 Hybrid Bonds") from the Investors in an approximate aggregate principal amount of EUR 7.6 million (the bond repurchases and the Share Issue together, the "Transaction"). Pursuant to the Transaction, the subscription price for the Shares payable by the Investors to the Company is set off against the repurchase price for the 2024 Hybrid Bonds payable by the Company to the Investors.

Key Points: 
  • The Board of Directors has approved the terms and conditions of the Share Issue and the subscription made in accordance with the terms and conditions of the Share Issue.
  • A total of 1,210,866 Shares were subscribed for in the Share Issue.
  • The subscription price was EUR 5.30 per Share, and the aggregate subscription price for all Shares was approximately EUR 6.4 million.
  • The closing price of the Company's share in Nasdaq Helsinki on 19 December 2023 was EUR 5.26.

Unrivaled Brands Announces Non-Binding Letters of Intent For a Significant Acquisition and Provides Stockholder Update

Retrieved on: 
Thursday, November 16, 2023

Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.

Key Points: 
  • Currently, the Operators who are party to the Letters of Intent include 11 operating retail dispensary entities, 4 cultivation operations, and 1 manufacturing facility which includes a commercial kitchen and distribution hub.
  • Geographic Expansion: The Proposed Transaction expands and connects the Company's footprint statewide, opening up fresh avenues and synergies in previously untapped markets.
  • Synergistic Integration: The new assets are anticipated to seamlessly integrate with Unrivaled’s existing operations driving operational efficiencies and improved profitability.
  • Enhanced Stakeholder Value: Acquisitions underline Unrivaled's commitment to delivering continuous and augmented value to its stockholders and employees.

Falcon Oil & Gas Ltd. - Filing of Interim Financial Statements

Retrieved on: 
Thursday, November 16, 2023

16 November 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its interim financial statements for the three and nine months ended 30 September 2023 and the accompanying Management’s Discussion and Analysis (“MD&A”).

Key Points: 
  • 16 November 2023 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its interim financial statements for the three and nine months ended 30 September 2023 and the accompanying Management’s Discussion and Analysis (“MD&A”).
  • Continued focus on cost management and the efficient operation of the portfolio.
  • The Remuneration Committee believes this change will more align Mr. O ’Quigley’s remuneration with the strategic objectives and the shareholders’ interests.
  • The Transaction is deemed to be a related party transaction for the purposes of the AIM Rules for Companies.

AYR Announces Receipt of Interim Order for Previously Announced Plan of Arrangement

Retrieved on: 
Wednesday, November 15, 2023

MIAMI, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted an interim order (the “Interim Order”) authorizing various matters in connection with the Company’s previously announced plan of arrangement (the “Plan”) under Section 192 of the Canada Business Corporations Act (the “Transaction”), involving the Company, AYR Wellness Canada Holdings Inc. (“AYR Wellness Canada”) and the other direct or indirect subsidiaries of AYR (excluding Ayr Foundation Inc.).

Key Points: 
  • MIAMI, Nov. 15, 2023 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator, announced today that the Ontario Superior Court of Justice (Commercial List) (the “Court”) has granted an interim order (the “Interim Order”) authorizing various matters in connection with the Company’s previously announced plan of arrangement (the “Plan”) under Section 192 of the Canada Business Corporations Act (the “Transaction”), involving the Company, AYR Wellness Canada Holdings Inc. (“AYR Wellness Canada”) and the other direct or indirect subsidiaries of AYR (excluding Ayr Foundation Inc.).
  • The Transaction is subject to approval of, among other things, an affirmative vote of at least 662/3% of the votes cast by Senior Noteholders at the Meeting.
  • Further details regarding the Transaction will be included in the management information circular (the “Circular”) to be mailed to Senior Noteholders of record as of the Record Date in accordance with applicable securities law and the Interim Order.
  • The Circular will be filed by AYR on SEDAR+ and will be available under the Company’s profile at www.sedarplus.ca .

Mustang Bio Reports Third Quarter 2023 Financial Results and Recent Corporate Highlights

Retrieved on: 
Tuesday, November 14, 2023

WORCESTER, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Mustang Bio, Inc. (“Mustang”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for difficult-to-treat cancers and rare genetic diseases, today announced financial results and recent corporate highlights for the third quarter that ended September 30, 2023.

Key Points: 
  • WORCESTER, Mass., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Mustang Bio, Inc. (“Mustang”) (Nasdaq: MBIO), a clinical-stage biopharmaceutical company focused on translating today’s medical breakthroughs in cell and gene therapies into potential cures for difficult-to-treat cancers and rare genetic diseases, today announced financial results and recent corporate highlights for the third quarter that ended September 30, 2023.
  • Subsequent to the end of the third quarter, Mustang raised approximately $4.4 million of gross proceeds in a registered direct offering completed in October 2023.
  • Research and development expenses were $9.5 million for the third quarter of 2023, compared to $15.5 million for the third quarter of 2022.
  • General and administrative expenses were $2.1 million for the third quarter of 2023, compared to $3.4 million for the third quarter of 2022.