Australian Securities Exchange

Legacy Lithium Announces Proposed Sale of Green Energy Project

Retrieved on: 
Monday, July 17, 2023
Lithium, Bureau of Land Management, Bureau, Property, ASX, Meeting, Sustainable energy, USD, Australian Securities Exchange, Transaction, Consideration, Bank, Legacy

CALGARY, Alberta, July 17, 2023 (GLOBE NEWSWIRE) -- Legacy Lithium Corp. (the “Company” or “Legacy”) is pleased to announce that its wholly-owned subsidiary, Legacy Lithium (Utah) LLC (the “Subsidiary”) has entered into a definitive agreement to sell 100% of its interest in the mineral properties comprising the Green Energy Project, located in Grand County, Utah (the “Property”) (the “Transaction”).

Key Points: 
  • CALGARY, Alberta, July 17, 2023 (GLOBE NEWSWIRE) -- Legacy Lithium Corp. (the “Company” or “Legacy”) is pleased to announce that its wholly-owned subsidiary, Legacy Lithium (Utah) LLC (the “Subsidiary”) has entered into a definitive agreement to sell 100% of its interest in the mineral properties comprising the Green Energy Project, located in Grand County, Utah (the “Property”) (the “Transaction”).
  • The Subsidiary is selling its interest in the Green Energy Project to Anson Resources Limited (ASX:ASN) (“Anson”) in exchange for USD$1,000,000 in cash, 15,060,981 Anson common shares (the “Consideration Shares”), and reimbursement of certain fees and costs payable to the Bureau of Land Management in connection with the Property.
  • The Transaction is subject to the approval of Legacy shareholders (“Legacy Shareholders”), to be obtained at a special meeting of Legacy Shareholders (the “Meeting”), the Australian Securities Exchange and customary closing conditions.
  • Additional details of the Transaction will be set forth in the information circular prepared by the Company in connection with the Meeting.

Incannex Announces Intention to Redomicile to United States, List all Shares on Nasdaq

Retrieved on: 
Monday, July 10, 2023
Share, IHL, ADR, Biotechnology, Scheme, Federal court, Commonwealth of Australia (US securities entity), ASX, Research, Australian Securities Exchange, Bangladesh Securities and Exchange Commission, SID, Sale, ADR Institute of Alberta, OTC Bulletin Board, Employee share schemes in the United Kingdom, Acquisition, Capital, Federal Court of Australia, Confusion, Growth, Scheme of arrangement, FDA, American depositary receipt, ASIC, Security (finance), Management, Cryptocurrency, Financial services, Pharmaceutical industry, Holding company

MELBOURNE, Australia, July 10, 2023 (GLOBE NEWSWIRE) --  Incannex Healthcare Limited (NASDAQ: IXHL) (ASX: IHL), (Incannex, IHL or the Company) is pleased to announce its intention to redomicile from Australia to the United States via proposed schemes of arrangement (Schemes) between Incannex and its shareholders (Share Scheme) and Incannex and its optionholders (Option Scheme). Implementation of the Schemes is subject to approval of IHL's shareholders (in respect of the Share Scheme) and IHL's optionholders (in respect of the Option Scheme) and other regulatory and court approvals.

Key Points: 
  • Incannex has already achieved registration of its ordinary shares from the US Securities and Exchange Commission (SEC).
  • Since February 2022, Incannex’s ordinary shares, in the form of American Depository Receipts (ADRs), have been trading in the United States since gaining Nasdaq Global market listing status.
  • Pursuant to the Share Scheme:
    holders of fully paid ordinary shares in Incannex (Incannex Shares) will be entitled to receive one share of common stock in Incannex US (Incannex US Share) for every 100 Incannex Shares held on the record date for the Share Scheme; and
    holders of Incannex ADRs will be entitled to receive one Incannex US Share for every four ADRs (each ADR currently represents 25 Incannex Shares) held in Incannex on the Share Scheme record date.
  • Incannex has engaged Thomson Geer to assist in the implementation of the Schemes and Rimôn Law to assist in the Nasdaq listing of Incannex US.

Society Pass Inc (Nasdaq: SOPA) Subsidiary, NextGen Retail Inc, to Acquire Indonesia’s PT Inetindo Infocom to Create an Online and Offline Electronics and Gaming Retailer in the World’s 4th Most Populous Economy

Retrieved on: 
Friday, July 7, 2023
Nextgen, Authorization, Electronics, OECD, ASX, Australian Securities Exchange, COVID, Cyprus Securities and Exchange Commission, AUD, Acquisition, GDP, Apple, SOPA, Growth, City, Ecosystem, Music, Video game, Retail, SEA

SINGAPORE, July 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – NextGen Retail Inc (“NextGen Retail”), the online retail arm of Society Pass Incorporated ("SoPa”) (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it has entered into an agreement to acquire 95% of PT Inetindo Info (“Inetindo”), a wholly subsidiary of Story-I Limited (“Story-I”). Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.

Key Points: 
  • Inetindo is a leading Indonesia-based Apple Premium Reseller and Authorised Education Partner as well as an electronic gaming retailer for several different gaming companies.
  • Through cross-selling synergies, the Inetindo acquisition will accelerate the growth of SoPa’s other Indonesian businesses, including NusaTrip Inc and Thoughtful Media Inc .
  • NextGen Retail acquires Inetindo with its physical and intangible assets in an all-cash transaction valued at AUD 2.78 million equal to approximately US$1.85 million based on current exchange rates.
  • I wish Society Pass and NextGen Retail the best of luck as they take over a strong brand in Indonesia.

Piedmont Lithium Partners Release Technical Studies

Retrieved on: 
Friday, June 30, 2023
Automotive Manufacturing, EV, Electric Vehicles, Other Energy, Manufacturing, Alternative Vehicles, Fuels, Automotive, Alternative Energy, Energy, Other Natural Resources, Environment, Mining, Minerals, Sustainability, Natural Resources, Green Technology, Lithium, AIM, Accident, ALL, Comparable, Ore, Disclosure, ASX, Risk, NAL, Economics, EDGAR, Australian Securities Exchange, JORC, Acquisition, PLL, Comment, Mineral, Piedmont Lithium, Weather, Transport, Atlantic Ocean, Mineral Resources Limited, DFS, Legislation

Piedmont Lithium (the “Company,” “Piedmont,” “we”, “our” and “us”) (Nasdaq: PLL; ASX: PLL), a developer of lithium resources critical to the U.S. electric vehicle supply chain, today announced that partners Atlantic Lithium (AIM: ALL; ASX: A11) and Sayona Mining (ASX: SYA) have released technical studies on the Ewoyaa Lithium Project (“Ewoyaa”) in Ghana and the producing North American Lithium project (“NAL”) in Quebec, respectively.

Key Points: 
  • Piedmont Lithium (the “Company,” “Piedmont,” “we”, “our” and “us”) (Nasdaq: PLL; ASX: PLL), a developer of lithium resources critical to the U.S. electric vehicle supply chain, today announced that partners Atlantic Lithium (AIM: ALL; ASX: A11) and Sayona Mining (ASX: SYA) have released technical studies on the Ewoyaa Lithium Project (“Ewoyaa”) in Ghana and the producing North American Lithium project (“NAL”) in Quebec, respectively.
  • Sayona Mining Limited (“Sayona Mining”) released a preliminary technical study for lithium carbonate production at the operating NAL mine.
  • Sayona Mining and Piedmont Lithium plan to work together with technical advisors to perform a trade-off study of lithium carbonate versus lithium hydroxide production at NAL, with a definitive technical study to follow for publication sometime in 2024.
  • Keith Phillips, President and CEO of Piedmont Lithium, commented, “We are grateful for the outstanding work by our partners at Atlantic Lithium and Sayona Mining in advancing these projects.

SUPERIOR GOLD AND CATALYST METALS ANNOUNCE COMPLETION OF THE PLAN OF ARRANGEMENT

Retrieved on: 
Thursday, June 29, 2023
Ontario Superior Court of Justice, Indian stock exchange, TSX Venture Exchange, Technical report, Canada Business Corporations Act, Whitefoord Russell Cole, Henty Gold Mine, Arrangement, ASX, Australian Securities Exchange, Sonia, CYL, Report, National instrument, NI, SEDAR, DRS, SGI, Rare-earth element, Security (finance), Cryptocurrency, Superior, Catalysis

TORONTO, June 29, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior" or the "Company") (TSXV: SGI) (OTCQX: SUPGF) and Catalyst Metals Limited ("Catalyst") (ASX:CYL) are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement"), whereby Catalyst has acquired all of the issued and outstanding common shares in the capital of the Company (the "Common Shares") by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario).

Key Points: 
  • TORONTO, June 29, 2023 /PRNewswire/ - Superior Gold Inc. ("Superior" or the "Company") (TSXV: SGI) (OTCQX: SUPGF) and Catalyst Metals Limited ("Catalyst") (ASX:CYL) are pleased to announce the completion of the previously announced plan of arrangement (the "Arrangement"), whereby Catalyst has acquired all of the issued and outstanding common shares in the capital of the Company (the "Common Shares") by way of a court-approved plan of arrangement under the Business Corporations Act (Ontario).
  • Under the terms of the Arrangement, each former shareholder of Superior (a "Shareholder") is entitled to receive 0.3571 of an ordinary share in the capital of Catalyst (each whole share, a "Catalyst Share") for each Common Share held immediately prior to the completion of the Arrangement (the "Consideration").
  • Non-registered Shareholders are encouraged to contact their broker or other intermediary for instructions and assistance in receiving the Catalyst Shares in respect of their Common Shares.
  • Upon completion of the Arrangement, Catalyst became a reporting issuer in Canada in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.

Novo Closes Cornerstone Investment With De Grey Mining

Retrieved on: 
Wednesday, June 28, 2023
Funding, Share (finance), ASX, Australian Securities Exchange, Sale, Hold, TSX, Toronto Stock Exchange, Cornerstone, NVO, Nomination

VANCOUVER, British Columbia, June 28, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) is pleased to advise that the previously announced Financing with De Grey1 has now closed following Toronto Stock Exchange acceptance of notice of the Financing and conditional approval of the listing of the Shares issued under the Financing. Gross proceeds of approximately C$8.97 million / A$10 million were raised through the issue of 35,223,670 Shares. The Financing was conducted at a price of approximately C$0.255, and De Grey now holds an undiluted 11.6% position in Novo.

Key Points: 
  • The Financing was conducted at a price of approximately C$0.255, and De Grey now holds an undiluted 11.6% position in Novo.
  • Commencing on December 28, 2023 and subject to De Grey maintaining at least a 12.5% undiluted interest in Novo at all times (the “Nomination Threshold”), De Grey has a one-time right to nominate a director to Novo’s board.
  • De Grey also has the right to participate in any raising conducted in conjunction with the ASX listing such that it holds up to a maximum undiluted post-financing interest of 12.5% of Novo.
  • There is no guarantee that the Company will list on the ASX or will be granted approval to do so.

Hot Chili Limited Request for Trading Halt

Retrieved on: 
Tuesday, June 27, 2023
Hot Chili, International investment agreement, Australian Securities Exchange, HCH, Techno-economic assessment, ASX, Letter, Atacama Region, Rare-earth element

PERTH, Australia , June 27, 2023 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") advises that, at the request of the company, its ordinary shares on the Australian Securities Exchange ("ASX") have been placed In a trading halt effective 27 June 2023.

Key Points: 
  • PERTH, Australia , June 27, 2023 /PRNewswire/ - Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) ("Hot Chili" or the "Company") advises that, at the request of the company, its ordinary shares on the Australian Securities Exchange ("ASX") have been placed In a trading halt effective 27 June 2023.
  • In its letter to the ASX, the Company noted that the request for the trading halt was made pending the release of an announcement by the company concerning a form of Investment Agreement and the results of a Preliminary Economic Assessment (Scoping Study) in relation to Its Coast Fuego copper-gold project in the coastal range of the Atacama Region, Chile.
  • The Company will remain in a temporary trading halt on the ASX until the earlier of the commencement of normal trading on 29 June 2023 or when the announcement Is released to the market.
  • This announcement is authorised by the Board of Directors for release to ASX and TSXV.

Piedmont Lithium Releases Inaugural Sustainability Report

Retrieved on: 
Tuesday, June 27, 2023
Technology, Professional Services, Automotive, Mining, Minerals, General Automotive, Natural Resources, Other Energy, Alternative Energy, Energy, Chemicals, Plastics, Manufacturing, Sustainability, Other Automotive, Environmental, Social and Governance (ESG), Environment, Batteries, EV, Electric Vehicles, Lithium, Civic, Workforce, AIM, Noise, Accident, ALL, Vibration, ASX, Risk, Australian Securities Exchange, Government, Biodiversity, PLL, Metso, Comment, Piedmont Lithium, Weather, ESG, Transport, Health, Atlantic Ocean, Safety, Legislation, Risk management

Piedmont Lithium (“Piedmont”, “Company”) (Nasdaq: PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today released its inaugural sustainability report, Progressing with Purpose .

Key Points: 
  • Piedmont Lithium (“Piedmont”, “Company”) (Nasdaq: PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today released its inaugural sustainability report, Progressing with Purpose .
  • The report affirms the Company’s commitment to being a responsible, respectful steward of the planet, people, and the communities where Piedmont plans to operate its wholly owned projects, Tennessee Lithium and Carolina Lithium.
  • “Our inaugural sustainability report represents an important first step in formalizing our ESG efforts as we develop our operations.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL; ASX:A11).

Marbanc International to Deploy USD150 Million in Growth Companies Over Two Years

Retrieved on: 
Thursday, June 22, 2023
St.George Bank, Fintech, M&A, International, Acquisition, Australian Securities Exchange, Cryptocurrency, Financial services

New York, New York--(Newsfile Corp. - June 22, 2023) - International private equity group Marbanc International Corporation has announced plans to deploy USD150 million in growth stage companies over the next two years.

Key Points: 
  • New York, New York--(Newsfile Corp. - June 22, 2023) - International private equity group Marbanc International Corporation has announced plans to deploy USD150 million in growth stage companies over the next two years.
  • Gerard Sivaprasad, Executive Chairman for Marbanc International, says the company is considering a range of USD5-25 million and will be focusing in growth sectors including fintech, banking, big tech platforms, and distressed asset opportunities in real estate and other tangible assets.
  • In recent months, Marbanc has been exploring opportunities to fund management buyouts and strategically deploy capital to restructure and strengthen distressed businesses impacted by rising interest rates.
  • The group's USD150 million capital allocation is estimated to fund around a dozen distinct opportunities, enabling the group to further diversify its interests in new markets.

Piedmont Lithium Expands Senior Leadership

Retrieved on: 
Thursday, June 22, 2023
EV, Electric Vehicles, Other Energy, Mining, Minerals, Alternative Energy, Batteries, General Automotive, Energy, Technology, Automotive, Natural Resources, Chemicals, Plastics, Other Automotive, Manufacturing, Lithium, Insurance, University, AIM, Senior, Accident, ALL, Guy Debord, ASX, Multimedia, Risk, Australian Securities Exchange, Michelin, Bank of America, Acquisition, PLL, Comment, Lancaster University, Piedmont Lithium, Risk management, Transcontinental (company), Knowledge, Weather, Bank, Transport, Liberty Mutual, Atlantic Ocean, Accenture, Legislation, Corporate development, Management, Treasury

Piedmont Lithium (“Piedmont”, “Company”) (Nasdaq: PLL; ASX: PLL), a developer of lithium resources critical to the U.S. electric vehicle supply chain, today announced the strategic addition of two new senior leaders to support its global portfolio of projects.

Key Points: 
  • Piedmont Lithium (“Piedmont”, “Company”) (Nasdaq: PLL; ASX: PLL), a developer of lithium resources critical to the U.S. electric vehicle supply chain, today announced the strategic addition of two new senior leaders to support its global portfolio of projects.
  • View the full release here: https://www.businesswire.com/news/home/20230622036893/en/
    James Griffiths, Senior Vice President of Corporate Development and Treasury, Piedmont Lithium (Photo: Business Wire)
    Keith Phillips, President and CEO of Piedmont, said these positions are key as the Company nears revenue generation from the jointly owned North American Lithium project and continues to advance development plans in its global portfolio of lithium assets.
  • Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America.
  • Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11).