Placement

ECN Capital and Skyline Champion Announce Strategic Relationship

Retrieved on: 
Monday, August 14, 2023
Finance, Building Systems, Professional Services, Residential Building & Real Estate, Construction & Property, Partnership, Housing, Private placement agent, Private, Placement, Bank statement, Sale, US, Investment, ECN, Indian stock exchange, Hart–Scott–Rodino Antitrust Improvements Act, TSX, ECN Capital, SKY, TM Capital Corp., Private placement, Conference, NYSE, Convertible, Security (finance), Retail, Life insurance, Triad

ECN Capital Corp. (TSX: ECN) (“ECN Capital”) and Skyline Champion Corporation (NYSE: SKY) (“Skyline Champion”) today announced that they have entered into a share subscription agreement (the “Subscription Agreement”) pursuant to which Skyline Champion has agreed to make an approximately C$185 million (US$138 million) equity investment in ECN Capital on a private placement basis (the “Private Placement”) in exchange for 33,550,000 common shares of ECN Capital (the “Common Shares”) and 27,450,000 mandatory convertible preferred shares, Series E of ECN Capital (“Convertible Preferred Shares”).

Key Points: 
  • ECN Capital Corp. (TSX: ECN) (“ECN Capital”) and Skyline Champion Corporation (NYSE: SKY) (“Skyline Champion”) today announced that they have entered into a share subscription agreement (the “Subscription Agreement”) pursuant to which Skyline Champion has agreed to make an approximately C$185 million (US$138 million) equity investment in ECN Capital on a private placement basis (the “Private Placement”) in exchange for 33,550,000 common shares of ECN Capital (the “Common Shares”) and 27,450,000 mandatory convertible preferred shares, Series E of ECN Capital (“Convertible Preferred Shares”).
  • In connection with the Private Placement, ECN Capital and Skyline Champion will form a captive finance company that will be 51% owned by Skyline Champion and 49% owned by Triad Financial Services, Inc. (“Triad”), a wholly-owned subsidiary of ECN Capital.
  • "We are pleased to announce this new and expanded partnership with Skyline Champion, a leading participant in the North American manufactured housing sector,” said Steven Hudson, Chief Executive Officer of ECN Capital.
  • On closing, ECN Capital intends to appoint Mark Yost, President and Chief Executive Officer of Skyline Champion, to the Board of Directors of ECN Capital.

LEADING EDGE MATERIALS ANNOUNCES UP TO C$2,500,000 NON-BROKERED PRIVATE PLACEMENT

Retrieved on: 
Friday, August 11, 2023
Exercise, Unit, Minority, EEA, Indian stock exchange, NOT, TSX Venture Exchange, FOR, Private placement, Private, Placement, Person, Sale, Prospectus, European Economic Area, ANY, Warrant, Multilateral, News, Security (finance), EU

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER, OR A SOLICITATION OF ANY OFFER, TO BUY OR SUBSCRIBE FOR ANY SECURITIES IN LEADING EDGE MATERIALS IN ANY JURISDICTION.

Key Points: 
  • THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER, OR A SOLICITATION OF ANY OFFER, TO BUY OR SUBSCRIBE FOR ANY SECURITIES IN LEADING EDGE MATERIALS IN ANY JURISDICTION.
  • Vancouver, August 11, 2023 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) announces the intent to complete a non-brokered private placement of up to 21,739,130 units (“Units”) at a price of C$0.115 per Unit for aggregate gross proceeds of up to C$2,500,000 (the “Private Placement”).
  • Leading Edge Materials intends to use net proceeds for the Company’s projects, located in Sweden and Romania and for general working capital and corporate purposes.
  • The minimum investment for European Economic Area (“EEA“) investors in the Private Placement will be an amount equivalent to at least EUR 100,000.

Ultra Lithium Inc. Closes Private Placement

Retrieved on: 
Monday, August 14, 2023
Lithium, Unit, TSX Venture Exchange, Private placement, Private, Placement, Sale, Warrant, TSX, Security (finance)

VANCOUVER, British Columbia, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Ultra Lithium” or the “Company”) is pleased to announce that it has closed a non-brokered private placement issuing 18,181,819 Units at a price of C$0.055 per Unit for gross proceeds of C$1,000,000.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Ultra Lithium Inc. (TSX-V: ULT OTCQB: ULTXF) (“Ultra Lithium” or the “Company”) is pleased to announce that it has closed a non-brokered private placement issuing 18,181,819 Units at a price of C$0.055 per Unit for gross proceeds of C$1,000,000.
  • Each Unit will be comprised of one common share of the Company (each, a “Unit Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”).
  • In connection with a portion of the Private Placement, the Company will pay Finder’s fees of C$30,000 cash and issue 545,455 finder’s shares to a finder.
  • The Private Placement is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange.

Kulicke & Soffa Collaborates with TSMT

Retrieved on: 
Tuesday, August 8, 2023
UPH, PCM, Bruce Kulick, LED-backlit LCD, Placement, Steve Soffa, MPP, Product-form solution, LCD, LED, MIP, Science and technology in Asia, Mode, A New Level, 68–95–99.7 rule, Television

SINGAPORE, Aug. 8, 2023 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company") announced its collaboration with TSMT (Taiwan Surface Mounting Technology Corp), a worldwide leading LCD SMT (Surface Mount Technology) solutions provider, to advance mini LED backlight and direct emissive displays for high-volume adoption. 

Key Points: 
  • Mini LED technology in displays is anticipated to increase rapidly over the coming years, providing new opportunities for Kulicke & Soffa's advanced display portfolio.
  • The Company's dedicated advanced display solutions – PIXALUX™ and LUMINEX™ – support demanding market requirements with new-levels of throughput and high-accuracy placement capabilities.
  • Leveraging these innovative dedicated solutions as well as the collective process knowledge of both K&S and TSMT, this collaboration seeks to overcome today's process challenges to accelerate the mass adoption of advanced display technology.
  • "Our comprehensive advanced display portfolio directly serves the technology needs of major display markets rapidly transitioning to advanced display technology.

Rock Tech Project Update - Georgia Lake and Guben on Track, Converter II Enters Planning Stages

Retrieved on: 
Tuesday, July 4, 2023
Lithium, Building material, Instrumentation, WKN, European Bank for Reconstruction and Development, Life, Placement, Mineral Resources Limited, Resource, LHM, EPCM, Boston, Distributed control system, Carbon, Thunder Bay District, Deutsche Bank, Government, Inflation, FWB, Automation, Investment, Mining, Engineering, DCS, Knowledge, CIBC, Robotics, CO2, Inflation Reduction Act of 2022

VANCOUVER, BC, July 4, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to provide a project update on its mining and converter projects.

Key Points: 
  • VANCOUVER, BC, July 4, 2023 /PRNewswire/ - Rock Tech Lithium Inc. (TSX-V: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech") is pleased to provide a project update on its mining and converter projects.
  • Rock Tech has made substantial progress in the engineering, development and financing of its two assets, the lithium hydroxide converter in Germany and the Georgia Lake mining project in Canada.
  • Both Rock Tech assets, Georgia Lake and Guben,  are attracting significant interest from global investors looking to acquire a direct stake.
  • With engineering for the Guben converter nearing completion, the Company is now starting planning for its next converter project.

InspireSemi Announces Closing of Second Tranche of Private Placement and Amendment to Loan Agreement

Retrieved on: 
Wednesday, June 28, 2023
Unit, Minority, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., TSX Venture Exchange, MI, Private placement, Private, Placement, Loan agreement, Creditor, Loan, Amendment, Security (finance)

Total proceeds raised as part of the second tranche of the Private Placement were C$1,537,000.

Key Points: 
  • Total proceeds raised as part of the second tranche of the Private Placement were C$1,537,000.
  • All securities issued pursuant to the closing of the second tranche of the Private Placement are subject to resale restrictions pursuant to applicable securities law requirements until October 29, 2023.
  • Pursuant to the Amendment the existing loans made under the Loan Agreement now have the same terms as the securities issued in the Private Placement, such that the lenders under the Loan Agreement have been issued Units.
  • Following the completion of the Amendment no further funds are available to the Company pursuant to the Loan Agreement.

Global Router Market Trends and Forecasts Report 2023-2028: Huawei is the Market Leader in the Core, but Cisco Performs Better in the Edge - ResearchAndMarkets.com

Retrieved on: 
Monday, June 26, 2023
Technology, Networks, Hardware, Television, Telecom, Component, Software as a service, Huawei, Health, Placement, Marketing, Internet, Internet of things, Health care, Policy, COVID-19, SME, ML, OTT, Multimedia, Privacy, Automation, Quality, Tablet, QOS, Acquisition, Risk, Cisco, Machine learning, Quality of service, NFV, Artificial intelligence, Growth, AI, BYOD, Social media, Software, Video game, Mobile phone, Fine chemical, Network equipment provider, Online shopping

The global router market was valued at US$15.98 billion in 2022 and is forecasted to grow to US$26.07 billion by 2028.

Key Points: 
  • The global router market was valued at US$15.98 billion in 2022 and is forecasted to grow to US$26.07 billion by 2028.
  • Therefore, increasing incidences of data security and privacy concerns are expected to hinder the growth of global router market in the forecasted years.
  • Global router market is fairly consolidated with few dominant players holding a significant market share.
  • Huawei is the market leader in the core, but Cisco performs better in the edge.

Electra Announces Commitment for Strategic Investment from First Nation-Owned Three Fires Group

Retrieved on: 
Monday, June 26, 2023
Alternative Energy, Green Technology, Energy, Technology, Recycling, EV, Electric Vehicles, Batteries, Environment, Mining, Minerals, General Automotive, Natural Resources, Transport, Automotive, Logistics, Supply Chain Management, Other Energy, Vehicle Technology, Unit, Graphite, Plastic, VW, TSX Venture Exchange, Manganese, Timiskaming, Three Fires, Placement, Volkswagen Group China, First Nations, Electricity, Cell, Carbon, Lithium, Toyota, Government, Ministry, Park, CAMI, GM, Nickel, ESG, Copper, Conservation, Ministry of the Environment, Conservation and Parks, Volkswagen Group, Cobalt, Council of Three Fires, News, Economics, Fire, Rare-earth element, Electric battery, Security (finance)

Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces that it has received a commitment for a strategic investment from the Three Fires Group Inc. (“Three Fires”) in support of advancing the Company’s battery materials park north of Toronto and accelerating its battery recycling strategy in North America.

Key Points: 
  • Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra” or the “Company”) announces that it has received a commitment for a strategic investment from the Three Fires Group Inc. (“Three Fires”) in support of advancing the Company’s battery materials park north of Toronto and accelerating its battery recycling strategy in North America.
  • The Three Fires investment is expected to form part of a larger financing by Electra totaling up to $20 million.
  • Completion of the strategic investment is also subject to Electra securing additional financing of not less than $10 million.
  • Research firm MarketsandMarkets estimates the lithium-ion battery recycling market to grow to $35.1 billion by 2031, from $6.5 billion in 2022.

Eldorado Gold Announces Closing of C$81.5 Million Strategic Investment by the European Bank for Reconstruction and Development (EBRD)

Retrieved on: 
Wednesday, June 14, 2023
EBRD, Toronto Stock Exchange, Eldorado Gold, Private placement, European Central Bank, Reconstruction, Private, Placement, European Bank for Reconstruction and Development, Security (finance)

VANCOUVER, British Columbia, June 14, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today announced the closing of the previously announced strategic investment of C$81.5 million by the European Bank for Reconstruction and Development (the "EBRD").

Key Points: 
  • VANCOUVER, British Columbia, June 14, 2023 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the “Company”) today announced the closing of the previously announced strategic investment of C$81.5 million by the European Bank for Reconstruction and Development (the "EBRD").
  • The investment was effected by way of a private placement whereby EBRD subscribed for 6,269,231 shares at a price of C$13.00 per share.
  • (the “Private Placement”).
  • The Private Placement is subject to final acceptance of the Toronto Stock Exchange.

Mirasol Upsizes Private Placement Financing to $7.4 Million

Retrieved on: 
Friday, June 2, 2023
Placement, TSX Venture Exchange, Sale, Share (finance), MRZ, Rare-earth element, Cryptocurrency

VANCOUVER, British Columbia, June 02, 2023 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) today announced that due to strong demand it has increased its previously announced non-brokered private placement from 4,000,000 units up to 5,920,000 units at a price of $1.25 per unit (the “Placement”).

Key Points: 
  • VANCOUVER, British Columbia, June 02, 2023 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol”) today announced that due to strong demand it has increased its previously announced non-brokered private placement from 4,000,000 units up to 5,920,000 units at a price of $1.25 per unit (the “Placement”).
  • The aggregate gross proceeds of the offering are expected to be up to $7.4 million instead of the originally planned $5.0 million.
  • The Placement is expected to close on or about June 7, 2023.
  • Completion of the Placement is subject to the approval of the TSX Venture Exchange.