Loan

Azerion simplifies loan structures between Azerion and Principion

Retrieved on: 
Monday, December 11, 2023

Amsterdam, 11 December 2023 – Azerion Group N.V. ("Azerion") announces that it has today entered into an agreement with Principion Holding B.V. ("Principion") to simplify Azerion's loan structure by settling several loans outstanding between Azerion and Principion (the "Loan Settlement").

Key Points: 
  • Amsterdam, 11 December 2023 – Azerion Group N.V. ("Azerion") announces that it has today entered into an agreement with Principion Holding B.V. ("Principion") to simplify Azerion's loan structure by settling several loans outstanding between Azerion and Principion (the "Loan Settlement").
  • The Loan Settlement also provides Azerion the ability to use any ordinary shares in the capital of Azerion (the "Shares") to be acquired through the Loan Settlement mechanism for value creating purposes for all shareholders without the issuance of new Shares.
  • As at the date of this press release, the aggregate amount due and outstanding under the loans provided by (i) Principion to Azerion is approximately EUR 17.5 million, and (ii) Azerion to Principion is approximately EUR 36 million.
  • Principion will grant a right of pledge over 10,548,229 Shares held by Principion to Azerion group, as security for payment of the Remaining Loan Amount.

Adventus and Luminex Announce Closing of US$18 million in Equity Financings Related to the Proposed Merger

Retrieved on: 
Friday, December 8, 2023

TORONTO, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus” or the “Company”) (TSXV: ADZN) and Luminex Resources Corp. (“Luminex”) (TSXV: LR) are pleased to announce that Adventus has closed its previously announced private placement of equity securities for aggregate gross proceeds of approximately US$18 million, comprised of approximately:

Key Points: 
  • The Non-Brokered Private Placement, the Bought Deal Private Placement and the Unit Non-Brokered Private Placement are collectively referred to as the “Offering’”.
  • “United States” is as defined in Regulation S under the U.S. Securities Act.
  • The Repricing remains subject to the approval of the TSXV.
  • For additional information on the Transaction, please refer to the Adventus and Luminex joint news release dated November 21, 2023.

OptimumBank Holdings, Inc. (OPHC-NASDAQ) Chairman Gubin’s comments pertaining to the Board’s Strategic Planning - “A successful roadmap for growing our Bank”

Retrieved on: 
Friday, December 8, 2023

The net change in total assets was partially driven by a $26 million increase in net loans.

Key Points: 
  • The net change in total assets was partially driven by a $26 million increase in net loans.
  • Since the Company announced entry into Accounts Receivable Financing to Skilled Nursing Facilities at the end of last year, our SNF portfolio has grown to over $28MM.
  • Growing the asset size of the Company for the remainder of 2023 and into 2024 is facilitating our goal to provide greater shareholder returns.
  • OptimumBank’s strategic plan also encompasses expanding lending capabilities, increasing the Company’s core deposit base primarily with fee-based income businesses and by evaluating M&A opportunities.

Adventus and Luminex Announce Merger to Create a Growth-Focused Copper-Gold Company in Ecuador

Retrieved on: 
Tuesday, November 21, 2023

TORONTO, Nov. 21, 2023 (GLOBE NEWSWIRE) -- Adventus Mining Corporation (“Adventus”) (TSXV: ADZN) (OTCQX: ADVZF) and Luminex Resources Corp. (“Luminex”) (TSXV: LR) (OTCQX: LUMIF) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”), pursuant to which Adventus will acquire all of the issued and outstanding common shares of Luminex (the “Luminex Shares”), in exchange for common shares of Adventus (the “Adventus Shares”), by way of a plan of arrangement (the “Transaction”, with the resulting entity referred to as the “Resulting Issuer”). The Transaction will create a combined company that intends to lead the advancement of the El Domo-Curipamba copper-gold project (the “El Domo Project”) towards production and consolidates a large and prospective gold-copper development and exploration portfolio in Ecuador totalling over 135,000 hectares which includes the preliminary economic assessment (“PEA”) stage Condor gold project (the “Condor Project”). Further details of the Transaction are outlined below.

Key Points: 
  • Christian Kargl-Simard, President and CEO of Adventus, commented: “This Transaction is an exciting opportunity to unite complementary assets, teams, and investors to create value for all Adventus and Luminex shareholders.
  • DLA Piper (Canada) LLP, DLA Piper LLP (US) and AVL Abogados are acting as legal counsel to Adventus in Canada, the U.S. and Ecuador, respectively.
  • Borden Ladner Gervais LLP, Troutman Pepper Hamilton Sanders LLP, and Tobar ZVS are acting as legal counsel to Luminex in Canada, the U.S. and Ecuador, respectively.
  • Adventus and Luminex will host a joint conference call on Tuesday, November 22, 2023, at 12:00 pm (noon) ET to discuss the Transaction.

Nine Mile Metals Announces Loan Financing

Retrieved on: 
Tuesday, November 21, 2023

VANCOUVER, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), announces its intention to complete an unsecured loan financing for proceeds of up to $500,000 (the “Loan”) for accredited investors.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 21, 2023 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), announces its intention to complete an unsecured loan financing for proceeds of up to $500,000 (the “Loan”) for accredited investors.
  • In consideration for the Loan, the Company has agreed to issue a 20% bonus in common shares of the Company (the “Bonus Shares”).
  • The calculation of the Bonus Shares will be 20% of the principal amount of the Loan divided by $0.11 per share.
  • Loan proceeds will be used for advancing the bulk study program on Nine Mile Brook project and general working capital.

KBRA Assigns a Rating to the Class A Notes Issued by White Rose CFO 2023 Holdings, LLC

Retrieved on: 
Thursday, December 28, 2023

KBRA assigns a rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.

Key Points: 
  • KBRA assigns a rating to the Class A Notes issued by White Rose CFO 2023 Holdings, LLC.
  • The Notes are indirectly backed by limited partnership (LP) interests in five different White Rose Funds of Funds (the "White Rose Funds"), which in turn hold a diversified pool of interests in private funds.
  • In aggregate, the White Rose Funds hold LP interests in 70 unique seasoned funds managed by 58 unique general partners (GP).
  • The allocable portion of the White Rose Funds that support the repayment of the Notes has a Net Asset Value of approximately $800 million and unfunded capital commitments of approximately $127 million as of October 31, 2023.

VIQ Solutions Announces Final Draw on Previously Announced US$15 Million Credit Facility

Retrieved on: 
Friday, December 22, 2023

(“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that it has drawn the final advance of US$750,000.00 (the “Final Advance”) under its previously announced senior secured loan (the “Loan”) of up to US$15 million with Beedie Investments Ltd. (the “Lender”) pursuant to the terms of its credit agreement dated January 13, 2023 between the Company and the Lender (the “Credit Agreement”).

Key Points: 
  • (“VIQ”, “VIQ Solutions” or the “Company”) (TSX: VQS) today announces that it has drawn the final advance of US$750,000.00 (the “Final Advance”) under its previously announced senior secured loan (the “Loan”) of up to US$15 million with Beedie Investments Ltd. (the “Lender”) pursuant to the terms of its credit agreement dated January 13, 2023 between the Company and the Lender (the “Credit Agreement”).
  • In connection with the final draw, the Company and the Lender amended the Credit Agreement pursuant to the terms of a second amendment agreement (the “Second Amendment Agreement”).
  • As of the date hereof, the full US$15 million of the Loan has been advanced to the Company.
  • A copy of the Credit Agreement is available, and a copy of the Second Amendment Agreement will be available, under the Company’s profile on SEDAR+ at www.sedarplus.ca .

Alpine Income Property Trust Announces $24 Million First Mortgage Investment Secured by 41-Property Portfolio

Retrieved on: 
Thursday, November 16, 2023

WINTER PARK, Fla., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that it has entered into an agreement to provide a $24.0 million first mortgage (the “Loan”) secured by 41 retail properties located throughout the United States (the “Portfolio”).

Key Points: 
  • WINTER PARK, Fla., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Alpine Income Property Trust, Inc. (NYSE: PINE) (the “Company”) announced today that it has entered into an agreement to provide a $24.0 million first mortgage (the “Loan”) secured by 41 retail properties located throughout the United States (the “Portfolio”).
  • In addition to the Loan investment, the Company anticipates entering into a revenue sharing agreement with a subsidiary of CTO Realty Growth, Inc. (“CTO”), its external manager.
  • The forecasted monthly revenue does not include potential revenue sharing income related to disposition management fees and leasing commissions.
  • The two-year first mortgage is interest-only through maturity, includes an origination fee, and bears an initial fixed interest rate of 11.0%.

DIGITAL ALLY, INC ANNOUNCES THIRD QUARTER 2023 OPERATING RESULTS

Retrieved on: 
Wednesday, November 15, 2023

LENEXA, Kansas, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the third quarter 2023.

Key Points: 
  • LENEXA, Kansas, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Digital Ally, Inc. (Nasdaq: DGLY) (the “Company” or “our”), today announced its operating results for the third quarter 2023.
  • An investor conference call is scheduled for 11:15 a.m. EDT on Wednesday, November 15, 2023 (see details below).
  • We reported an operating loss of $5,148,043 and $6,567,023 for the three months ended September 30, 2023 and 2022, respectively, an improvement of $1,418,980 (22%).
  • The Company will host an investor conference call at 11:15 a.m. EDT on Wednesday, November 15, 2023, to discuss its third quarter 2023 financial results, corporate and individual subsidiary outlook, and previously announced corporate separation.

Acumen Pharmaceuticals Secures $50.0 Million Credit Facility with K2 HealthVentures

Retrieved on: 
Monday, November 13, 2023

“We are pleased to announce this agreement with K2 HealthVentures, a life sciences investment firm known for strategic investments in promising healthcare companies,” said Daniel O’Connell, President and Chief Executive Officer of Acumen.

Key Points: 
  • “We are pleased to announce this agreement with K2 HealthVentures, a life sciences investment firm known for strategic investments in promising healthcare companies,” said Daniel O’Connell, President and Chief Executive Officer of Acumen.
  • “This financing provides us with additional operational flexibility during a period when we are laser-focused on execution.
  • The Term Loan matures on November 1, 2027 and may be extended to November 1, 2028 if the Company achieves certain financing milestones.
  • Additional details regarding the Loan Agreement will be included in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023.