Indian stock exchange

Tricon Residential Announces Receipt of Interim Order for Proposed Take Private by Blackstone Real Estate and Provides Details of Special Meeting

Retrieved on: 
Friday, February 16, 2024

The Interim Order authorizes the calling and holding of a special meeting on March 28, 2024 (the “Special Meeting”) of the holders of Common Shares (the “Company Shareholders”), the granting of dissent rights to registered Company Shareholders, and other matters relating to the conduct of the Special Meeting.

Key Points: 
  • The Interim Order authorizes the calling and holding of a special meeting on March 28, 2024 (the “Special Meeting”) of the holders of Common Shares (the “Company Shareholders”), the granting of dissent rights to registered Company Shareholders, and other matters relating to the conduct of the Special Meeting.
  • The Interim Order authorizes and orders that the Special Meeting be held on Thursday, March 28, 2024 at 10:00 a.m. (Toronto time) in virtual-only format via live audio webcast, including any adjournments or postponements thereof.
  • Details of the Special Meeting and how Company Shareholders or their duly appointed proxyholders can attend, access, participate in and vote at the Special Meeting are set out in the Circular.
  • Registered Company Shareholders and duly appointed proxyholders will be able to attend, participate and vote at the Special Meeting online.

NevGold Announces Closing of Second Tranche of Upsized C$2.35M Non-Brokered Private Placement Financing and Announces Shares-for-Debt Transaction

Retrieved on: 
Friday, February 16, 2024

Vancouver, British Columbia, Feb. 16, 2024 (GLOBE NEWSWIRE) -- NevGold Corp. (“NevGold” or the “Company”) (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50) is pleased to announce closing of a second and final tranche of a non-brokered private placement financing (see previous News Releases dated December 20, 2023 and January 5, 2024) of 2,656,250 common shares of the Company (the “Common Shares”) issued at a price of C$0.32 per Common Share for gross proceeds of C$850k (the “Offering”). The Company increased the total size of the Private Placement to $2.35 million gross proceeds due to investor interest. A total of 7,343,750 Common Shares were issued under the first and second tranches for $2.35 million gross proceeds.

Key Points: 
  • The Company increased the total size of the Private Placement to $2.35 million gross proceeds due to investor interest.
  • A total of 7,343,750 Common Shares were issued under the first and second tranches for $2.35 million gross proceeds.
  • NevGold CEO, Brandon Bonifacio, comments: “It is positive to see further demand for our no-warrant financing with strong participation from existing and new shareholders.
  • Closing of the Shares-for-Debt Transaction is subject to customary closing conditions, including the approval of the TSXV.

TDS announces first quarter 2024 dividends

Retrieved on: 
Friday, February 16, 2024

CHICAGO, Feb. 16, 2024 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared first quarter 2024 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares.

Key Points: 
  • CHICAGO, Feb. 16, 2024 /PRNewswire/ -- The board of directors of Telephone and Data Systems, Inc. (NYSE: TDS), a leading provider of telecommunications services, has declared first quarter 2024 dividends on its Common Shares, Series A Common Shares, Series UU Preferred Shares and Series VV Preferred Shares.
  • TDS is paying a quarterly dividend of $0.19 per Common Share and Series A Common Share payable on Mar.
  • 15, 2024.
  • TDS is paying a quarterly dividend of $414.0625 per share on the company's 6.625% Series UU Preferred shares; holders of depositary shares will receive $0.4140625 per depositary share payable on Apr.

Diversified Royalty Corp. Announces Increase to Previously Announced Bought Deal Public Offering of Common Shares to $47 Million

Retrieved on: 
Thursday, February 15, 2024

VANCOUVER, British Columbia, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that, due to strong demand, it has entered into a revised agreement with a syndicate of investment dealers led by CIBC Capital Markets (collectively, the “Underwriters”) to increase the size of the previously announced bought deal treasury offering. Under the revised agreement, the Underwriters have agreed to purchase 17,670,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $47 million (the “Offering”).

Key Points: 
  • Under the revised agreement, the Underwriters have agreed to purchase 17,670,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $47 million (the “Offering”).
  • The Over-Allotment Option is exercisable, in whole or in part, by the Underwriters at any time up to 30 days following the closing of the Offering.
  • The Offering Documents will contain important detailed information about the securities being offered.
  • Closing of the Offering is expected to occur on or about February 23, 2024 and is subject to regulatory approval including that of the TSX.

Sienna Announces February Dividend

Retrieved on: 
Thursday, February 15, 2024

MARKHAM, Ontario, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a “Common Share”) for the month of February 2024, representing $0.936 per Common Share on an annualized basis.

Key Points: 
  • MARKHAM, Ontario, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced a dividend of $0.078 per common share of the Company (each, a “Common Share”) for the month of February 2024, representing $0.936 per Common Share on an annualized basis.
  • The dividend will be payable on March 15, 2024 to shareholders of record as at February 29, 2024.
  • The Company's dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial legislation.

NMG Secures Multiyear Offtakes and total US$87.5 Million Investment from Anchor Customers and Strategic Investors to Underpin its Phase 2 Ore-to-Battery-Material Graphite Operations

Retrieved on: 
Thursday, February 15, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240214714914/en/
    Map of NMG’s integrated extraction and advanced manufacturing routes to supply Panasonic Energy and GM.
  • I am confident that such commercial and investment levers will constitute the bedrock on which NMG can build its Phase 2 operations and more.
  • Thanks to visionary customers and investors, we are now moving toward establishing a fully local and traceable value chain.
  • The Investor Rights Agreement also provides Mitsui with certain rights relating to its investment in NMG, namely certain board nomination and anti-dilution rights.

NMG Announces Offtake Agreement with GM for Canadian Graphite and US$150 Million Equity Investment

Retrieved on: 
Thursday, February 15, 2024

GM also commits to subscribe for a further US$125 million of equity upon the successful completion of conditions precedent and a positive final investment decision (“FID”) (the “Tranche 2 Investment” and together with the Tranche 1 Investment, the “Transaction”).

Key Points: 
  • GM also commits to subscribe for a further US$125 million of equity upon the successful completion of conditions precedent and a positive final investment decision (“FID”) (the “Tranche 2 Investment” and together with the Tranche 1 Investment, the “Transaction”).
  • NMG and GM will also enter into an investor rights agreement (the “Investor Rights Agreement”) which includes registration rights at the closing of the Tranche 1 Investment.
  • The Investor Rights Agreement also provides GM with certain rights relating to its investment in NMG, including certain board nomination and anti-dilution rights.
  • Copies of the Subscription Agreement, the Offtake Agreement, and the Investor Rights Agreement will be available on the Company’s page on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov .

NMG and Panasonic Energy Announce Binding Offtake Agreement and US$25 Million Private Placement to Secure the Supply of Active Anode Material for North American Battery Production

Retrieved on: 
Thursday, February 15, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240214190689/en/
    Kazuo Tadanobu, President and CEO of Panasonic Energy, and Eric Desaulniers, President, and CEO of NMG.
  • The binding Offtake Agreement covers the supply of a committed annual volume of 18,000 tonnes of active anode material by NMG to Panasonic Energy for an initial seven-year term from the commencement of the Company’s Phase-2 production.
  • The Company’s active anode material complies with the U.S. Government’s Inflation Reduction Act battery material sourcing requirements for EV subsidies.
  • NMG has also announced having agreed to enter a multiyear offtake agreement and a private placement with General Motors Co. ( NYSE: GM ).

Aurinia Discloses 2023 Year-End Financial and Operational Results, Announces Corporate Actions Focused on Enhancing Shareholder Value

Retrieved on: 
Thursday, February 15, 2024

This includes corporate actions designed to enhance shareholder value, including an exclusive focus on driving commercial execution of the LUPKYNIS® (voclosporin) business, and a significant share repurchase program.

Key Points: 
  • This includes corporate actions designed to enhance shareholder value, including an exclusive focus on driving commercial execution of the LUPKYNIS® (voclosporin) business, and a significant share repurchase program.
  • The Company had cash, cash equivalents, restricted cash and investments of approximately $350.7 million as of December 31, 2023.
  • There were approximately 2,066 patients on LUPKYNIS therapy as of December 31, 2023, compared to 1,525 at the end of 2022.
  • From January 1 through the end of December 2023, the Company recorded 1,791 PSFs, compared to 1,650 in the prior year.

Diversified Royalty Corp. Announces $40 Million Bought Deal Public Offering of Common Shares and a 2.0% Dividend Increase

Retrieved on: 
Wednesday, February 14, 2024

VANCOUVER, British Columbia, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diversified Royalty Corp. (TSX: DIV and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by CIBC Capital Markets (collectively, the “Underwriters”) pursuant to which the Underwriters have agreed to purchase 15,100,000 Common Shares (the “Common Shares”) from the treasury of the Corporation, at a price of $2.66 per Common Share (the “Offering Price”) for total gross proceeds of approximately $40 million (the “Offering”).

Key Points: 
  • The Over-Allotment Option is exercisable, in whole or in part, by the Underwriters at any time up to 30 days following the closing of the Offering.
  • The Offering Documents will contain important detailed information about the securities being offered.
  • Closing of the Offering is expected to occur on or about February 23, 2024 and is subject to regulatory approval including that of the TSX.
  • DIV’s board of directors has approved an increase in DIV’s annual dividend policy from 24.5 cents per share to 25.0 cents per share effective March 1, 2024, an increase of 2.0%.