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Freehold Royalties Ltd. Announces Closing of U.S. Royalty Assets and Credit Facility Expansion

Friday, September 24, 2021 - 5:34pm

CALGARY, Alberta, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has closed its previously announced transaction to acquire a high-quality U.S. royalty asset located in the Eagle Ford oil basin in Texas (the Acquired Assets) for US$180 million before closing adjustments (CAD $227 million) (the U.S. Royalty Transaction). The Acquired Assets are expected to significantly enhance the quality of Freehold’s North American royalty portfolio, improving both the near-term and long-term sustainability of Freehold’s dividend while providing further option value to return capital to our shareholders through multiple years of free cash flow growth. The U.S. Royalty Transaction further advances Freehold’s strategy of being positioned in the highest quality development areas across North America, delivering growth and low risk attractive returns to our shareholders.

Key Points: 
  • CALGARY, Alberta, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold) (TSX:FRU) announces that it has closed its previously announced transaction to acquire a high-quality U.S. royalty asset located in the Eagle Ford oil basin in Texas (the Acquired Assets) for US$180 million before closing adjustments (CAD $227 million) (the U.S. Royalty Transaction).
  • In addition, as a result of and on closing of the U.S. Royalty Transaction and in accordance with the terms of the Subscription Receipts, each Subscription Receipt was exchanged for one common share of Freehold.
  • Concurrently with the closing of the U.S. Royalty Transaction, Freehold amended its credit facility agreement with a syndicate of four Canadian banks increasing the committed revolving facility to $285 million and maintaining the operating facility at $15 million.
  • The amended credit facility agreement includes a permitted increase in the committed revolving facility of up to $360 million.

GoodMorning.com places No. 101 on The Globe and Mail’s third-annual ranking of Canada’s Top Growing Companies

Friday, September 24, 2021 - 4:40pm

101 on the 2021 Report on Business ranking of Canadas Top Growing Companies.

Key Points: 
  • 101 on the 2021 Report on Business ranking of Canadas Top Growing Companies.
  • Canadas Top Growing Companies ranks Canadian companies on three-year revenue growth.
  • Today, GoodMorning.com is Canadas largest independent online mattress retailer and has sold more than 200,000 mattressesand that number grows daily.
  • The Globe and Mails investment in innovative data science means that as the world continues to change, so does The Globe.

High Tide Makes The Globe and Mail's Third-Annual Ranking of Canada's Top Growing Companies With 733% Growth Over Three Years

Friday, September 24, 2021 - 2:15pm

Based on this criteria High Tide ranked 82nd out of 448 companies in 2021 with three-year growth of 733%.

Key Points: 
  • Based on this criteria High Tide ranked 82nd out of 448 companies in 2021 with three-year growth of 733%.
  • "Today's recognition from The Globe and Mail, one of Canada's most prestigious daily newspapers, is further validation of High Tide's continued operational execution.
  • Our team earned this ranking by growing our revenue by 733% over just three years.
  • The Globe and Mail's investment in innovative data science means that as the world continues to change, so does The Globe.

Servus Credit Union third quarter financial results show continued economic recovery

Friday, September 24, 2021 - 2:00pm

Building from last quarter, we continue to see a return to results we would have seen prior to the COVID-19 pandemic, explains Ian Burns, President and CEO for Servus Credit Union.

Key Points: 
  • Building from last quarter, we continue to see a return to results we would have seen prior to the COVID-19 pandemic, explains Ian Burns, President and CEO for Servus Credit Union.
  • Servus gave $1 million to member Ken Walker, who earned entries by banking with Servus and receiving Profit Share Rewards cash.
  • About Servus Credit Union Ltd.
    At Servus Credit Union we're building a better world, one member at a time.
  • We've been shaping the financial fitness of Albertans for more than 80 years with a full line of secure financial services.

CE Brands Adds Supply Chain & Investor Relations Veterans to Drive Operational Excellence

Friday, September 24, 2021 - 1:46pm

The manufacturing industry as a whole is experiencing major supply chain and inventory challenges, with these additions it will considerably help CE Brands to fully execute on our business plan.

Key Points: 
  • The manufacturing industry as a whole is experiencing major supply chain and inventory challenges, with these additions it will considerably help CE Brands to fully execute on our business plan.
  • Effective October 1, 2021, Gilbert Au has over 25 years of experience in supply chain and transformation management and manufacturing and joins as VP Operations at eBuyNow, a wholly-owned subsidiary of CE Brands.
  • At CE Brands, Angus key role is to oversee the continued evolution and implementation of ProductLoop reporting within CE Brands business best practices.
  • For further information about CE Brands or its principal operating subsidiary, eBuyNow eCommerce Ltd., please contact:

Pipestone Energy Corp. Announces Appointment of New Director, Distribution of Common Shares By Its Largest Shareholder Canadian Non-Operated Resources L.P. and Updated Investor Rights Arrangements

Friday, September 24, 2021 - 12:30pm

This news release contains certain information and statements (forward-looking statements) that constitute forward-looking information within the meaning of applicable Canadian securities laws.

Key Points: 
  • This news release contains certain information and statements (forward-looking statements) that constitute forward-looking information within the meaning of applicable Canadian securities laws.
  • All statements other than statements of current or historical fact constitute forward-looking statements.
  • The forward-looking statements contained herein reflect management's current views, but the assessments and assumptions upon which they are based may prove to be incorrect.
  • This press release includes references to financial measures commonly used in the oil and natural gas industry.

TC Energy adjusts timing of certain Cumulative First Preferred Shares Dividends

Thursday, September 23, 2021 - 10:15pm

CALGARY, Alberta, Sept. 23, 2021 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX, NYSE: TRP) (TCEnergy or the Company) today announced the following adjustments to its previously announced timing for quarterly dividend payments on its outstanding Cumulative First Preferred Shares Series 1, Series 2, Series 3 and Series 4.

Key Points: 
  • CALGARY, Alberta, Sept. 23, 2021 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX, NYSE: TRP) (TCEnergy or the Company) today announced the following adjustments to its previously announced timing for quarterly dividend payments on its outstanding Cumulative First Preferred Shares Series 1, Series 2, Series 3 and Series 4.
  • The next dividend payment period for the Companys Cumulative First Preferred Shares Series 1, Series 2, Series 3 and Series 4 will be for the period from and including Sept. 29, 2021 up to but excluding Dec. 31, 2021.
  • TC Energys common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP.
  • Forward-looking statements in this document are intended to provide TC Energy security holders and potential investors with information regarding TC Energy and its subsidiaries, including management's assessment of TC Energy's and its subsidiaries' future plans and financial outlook.

Cenovus announces the Pricing Terms of its Pending Maximum Tender Offer

Thursday, September 23, 2021 - 6:19pm

As a result, a holder who validly tenders and does not validly withdraw Maximum Tender Offer Notes pursuant to the Maximum Tender Offer may have all or a portion of its Maximum Tender Offer Notes returned to it.

Key Points: 
  • As a result, a holder who validly tenders and does not validly withdraw Maximum Tender Offer Notes pursuant to the Maximum Tender Offer may have all or a portion of its Maximum Tender Offer Notes returned to it.
  • Because the Maximum Tender Offer has been fully subscribed as of the Early Tender Date, holders who tender Maximum Tender Offer Notes after the Early Tender Date will not have any of their Maximum Tender Offer Notes accepted for purchase, unless Cenovus elects to increase or eliminate the Maximum Aggregate Purchase Price.
  • Any Maximum Tender Offer Notes tendered after the Early Tender Date, together with any Maximum Tender Offer Notes tendered at or prior to the Early Tender Date but not accepted for purchase by Cenovus, will be returned to the holders thereof as described in the Offer to Purchase.
  • Cenovus reserves the right, subject to applicable law, to: (i) waive any and all conditions to the Maximum Tender Offer, (ii) extend or terminate the Maximum Tender Offer, (iii) increase, decrease or eliminate the Maximum Aggregate Purchase Price and/or any Series Tender Cap or (iv) otherwise amend the Maximum Tender Offer in any respect.

Innovate Edmonton Funds, Launches and Lands Accelerators, Benefiting Edmonton Tech Companies  

Thursday, September 23, 2021 - 5:58pm

Quotes “Innovation is a team game and accelerators bring people together to create global opportunities, open international sales channels, boost significant investment and position Edmonton’s entrepreneurs on the world stage. Together we are ensuring that our high-potential companies have the end-to-end supports that they need for growth -- from concept to commercialization and from pitching to closing -- as they prepare to collaborate and compete in today’s impact economy.”  

Key Points: 
  • They will also contribute to Edmontonsdowntown vibrancy,with workspaces andcollaborationhubsdrawinginnovators and businesses back to the downtown core.Acceleratorswill augment existing business training delivered by Startup Edmonton and Scaleup Edmonton, program divisions of Innovate Edmonton.
  • The quality andcalibreof the companies being developed will attract companies from around the world who recognize the excellent opportunities that are emerging in Alberta.
  • Headquartered in Alberta's capital city, Innovate Edmonton leverages,unitesand promotes home-grown innovation as a gateway to solving the worlds most pressing problems.
  • We harness the power of the public and private sectors, ground-breaking academicresearchand purpose-driven investment to build a shared prosperity and open international markets.From sustainable climate solutionsto public health and digital education, Edmonton is a leading globalcentrefor inspiration, ingenuity and inclusion.Learn moreabout Innovate Edmonton and Startup Edmonton , a division of Innovate Edmonton.

Alberta tech startups will plug into global innovation system through new business accelerator

Thursday, September 23, 2021 - 5:40pm

Alberta Innovates chose Plug and Play Alberta as one of four proposals to receive funding under an unprecedented entrepreneurial initiative for Alberta the Alberta Innovates Scaleup and Growth Accelerator Program (Scaleup GAP) .

Key Points: 
  • Alberta Innovates chose Plug and Play Alberta as one of four proposals to receive funding under an unprecedented entrepreneurial initiative for Alberta the Alberta Innovates Scaleup and Growth Accelerator Program (Scaleup GAP) .
  • Plug and Play Alberta will deliver programs in Calgary and Edmonton and bring ventures from around the world to Alberta.
  • In total, the four chosen accelerators, including Plug and Play, will provide services in Alberta with the support of a funding consortium led by Alberta Innovates.
  • This includes funding from the Alberta Ministry of Jobs, Economy and Innovation to Alberta Innovates to lead and manage the overall Scaleup and Growth Accelerator Program.