Legislation

Poet Technologies Announces Closing of C$4.4 Million Private Placement of Units

Retrieved on: 
Friday, December 2, 2022

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. ("POET" or the "Corporation") (TSXV: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, announces that it has completed its previously announced non-brokered private placement (the "Offering") of an aggregate 1,126,635 units of the Corporation (the "Units") at a price of C$3.81 (US$2.78) per Unit for aggregate gross proceeds of C$4,292,479.35 (US$3,132,045.30).

Key Points: 
  • Each Warrant entitles the holder thereof to purchase one Common Share at an exercise price of C$4.95 (US$3.61) per Common Share for a period of three years following the closing date of the Offering.
  • Glen Riley, a director of the Corporation, subscribed for 10,000 Units under the Offering for gross proceeds of C$38,100 (US$27,800).
  • POETs Optical Interposer eliminates costly components and laborintensive assembly, alignment, burnin and testing methods employed in conventional photonics.
  • POET is headquartered in Toronto, with operations in Allentown, PA, Shenzhen, China and Singapore.

Press release - Deal on new rules to protect consumers from taking on too much debt

Retrieved on: 
Friday, December 2, 2022

On Friday morning, negotiators from Parliament and Council reached a provisional political agreement to update the EUs rules on consumer credit.

Key Points: 
  • On Friday morning, negotiators from Parliament and Council reached a provisional political agreement to update the EUs rules on consumer credit.
  • The new directive on consumer credits (CCD) aims to make the credit markets function smoothly while ensuring a high level of consumer protection.
  • According to the deal, the legislation will cover credit agreements of up to 100,000.
  • Consumers will have the right to early repayment and to reduce the total cost of their credit.

Consumer Watchdog: Victims of Medical Harm Who Have Been Misled and Silenced Call on CA Medical Board to Endorse Patient Bill of Rights to Overhaul Physician Discipline

Retrieved on: 
Friday, December 2, 2022

Their testimony asks board members to back Patient Bill of Rights legislation, including reforms to give consumers a voice in the enforcement process and make discipline tougher and more transparent.

Key Points: 
  • Their testimony asks board members to back Patient Bill of Rights legislation, including reforms to give consumers a voice in the enforcement process and make discipline tougher and more transparent.
  • Medical Board public member and whistleblower TJ Watkins released a Board "Accountability Act" in an interview with NBC LA Wednesday.
  • It proposes model legislation to make physician discipline robust, transparent and accountable with consistent disciplinary guidelines that serve as a deterrent to patient harm.
  • The Board has been under withering scrutiny from lawmakers, the news media, and the public for enabling dangerous doctors to continue to practice.

NATIONAL PRESIDENT MARATEA STATEMENT ON CONGRESSIONAL ACTION

Retrieved on: 
Friday, December 2, 2022

WASHINGTON, Dec. 2, 2022 /PRNewswire/ -- The United States Senate voted to pass legislation to impose the terms of the recent Tentative Agreement for the remaining four (4) unions who failed to ratify their agreement.

Key Points: 
  • WASHINGTON, Dec. 2, 2022 /PRNewswire/ -- The United States Senate voted to pass legislation to impose the terms of the recent Tentative Agreement for the remaining four (4) unions who failed to ratify their agreement.
  • However, the Senate did not pass the resolution to provide paid sick days to railroad workers.
  • Today's vote by the Senate is no surprise.
  • Historically, Congress has been extremely reluctant to meddle directly in labor contract matters, other than to impose the results of the Presidential Emergency Board (PEB) which is what happened today.

Global Ground Support Equipment Market Analysis Report 2022-2027 - JBT Corp, Jungheinrich, Weihai Guangtai Airport Equipment Co, Tronair, and TK Elevators Dominating the $7B-Projected Industry - ResearchAndMarkets.com

Retrieved on: 
Friday, December 2, 2022

Based on power source, the ground support equipment market has been segmented into non-electric, electric, and hybrid.

Key Points: 
  • Based on power source, the ground support equipment market has been segmented into non-electric, electric, and hybrid.
  • The conventional/manned segment is estimated to account for the largest share of 63.5% of the ground support equipment market in 2022.
  • Competitive analysis of upcoming startups in the ground support equipment market ecosystem is covered in this report.
  • Major players operating in the ground support equipment market are John Bean Technologies (JBT) Corporation (US), Jungheinrich AG (Germany), Weihai Guangtai Airport Equipment Co. Ltd. (China), Tronair (US), and TK Elevators (Germany), among others.

Wesdome Establishes At-The-Market Equity Program

Retrieved on: 
Friday, December 2, 2022

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces it has established an at-the-market equity program (the “ATM Program”) allowing Wesdome to issue and sell up to $100 million common shares from treasury (the “Common Shares”) to the public from time to time at the Company’s sole discretion and at the prevailing market price. Sales of the Common Shares under the ATM Program will be made pursuant to the terms of an equity distribution agreement (the “Distribution Agreement”) dated December 2, 2022 entered into among the Company and a syndicate of agents including National Bank Financial, BMO Capital Markets and Desjardins Capital Markets (collectively, the “Agents”). The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion, subject to applicable regulatory limitations.

Key Points: 
  • TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Wesdome Gold Mines Ltd. (TSX: WDO) (Wesdome or the Company) today announces it has established an at-the-market equity program (the ATM Program) allowing Wesdome to issue and sell up to $100 million common shares from treasury (the Common Shares) to the public from time to time at the Companys sole discretion and at the prevailing market price.
  • The Company currently intends to use the net proceeds, if any, from the ATM Program to repay indebtedness, for working capital, and general corporate purposes.
  • Management of the Company will have discretion with respect to the actual use of the net proceeds of the ATM Program.
  • The TSX has conditionally approved the listing of the Common Shares that may be sold under the ATM Program.

Arlo Technologies to Present at the Raymond James 2022 Technology Investors Conference

Retrieved on: 
Friday, December 2, 2022

The webcast replay will be available as soon as possible following the event on Arlos IR website.

Key Points: 
  • The webcast replay will be available as soon as possible following the event on Arlos IR website.
  • Arlo is the award-winning, industry leader that is transforming the way people experience the connected lifestyle.
  • Arlo is committed to supporting industry standards for data protection designed to keep users' personal information private and in their control.
  • 2022 Arlo Technologies, Inc., Arlo and the Arlo logo are trademarks and/or registered trademarks of Arlo Technologies, Inc. and/or certain of its affiliates in the United States and/or other countries.

TAIGA ORCA CARBON ELECTRIC WATERCRAFT AWARDED A POPULAR SCIENCE 2022 BEST OF WHAT'S NEW

Retrieved on: 
Friday, December 2, 2022

MONTREAL, Dec. 2, 2022 /PRNewswire/ - Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, today announced its OrcaCarbon watercraft has been awarded Popular Science's 2022 Best of What's New Award.

Key Points: 
  • MONTREAL, Dec. 2, 2022 /PRNewswire/ - Taiga Motors Corporation (TSX: TAIG) ("Taiga" or the "Company"), a leading electric off-road vehicle manufacturer, today announced its OrcaCarbon watercraft has been awarded Popular Science's 2022 Best of What's New Award.
  • Popular Science revealed the winners, which features the 100 top inventions across 10 categories, Orca Carbon is the winner in the Sports and Outdoor category.
  • We're thrilled that Orca Carbon is featured alongside exceptional inventions shaping our world," said Taiga CEO Sam Bruneau.
  • Established in 1872, Popular Science is one of America's oldest and most trusted magazine brands.

CIBC comments on ruling in Cerberus matter

Retrieved on: 
Friday, December 2, 2022

CIBC disputes the liability ruling and intends to appeal.

Key Points: 
  • CIBC disputes the liability ruling and intends to appeal.
  • The lawsuit, filed by Cerberus in November 2015, relates to anOctober 2008transaction in which CIBC issued a limited recourse note to Cerberus specifying certain payment streams, and a subsequent transaction in 2011 in which CIBC sold a residual interest in the specified payment streams to Cerberus.
  • At trial, Cerberus claimed damages of US$1.067 billion (which was inclusive of pre-judgment interest as of March 7, 2022).
  • CIBC will vigorously dispute Cerberus' measure of damages at the hearing on December 19, 2022.

Dundee Corporation Announces Wind-Down of Investment Banking Business

Retrieved on: 
Friday, December 2, 2022

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the Corporation, the Company or Dundee) announced today that, due to market conditions and evolving capital allocation priorities, it has made the decision to wind-down its investment banking efforts at this time.

Key Points: 
  • TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (the Corporation, the Company or Dundee) announced today that, due to market conditions and evolving capital allocation priorities, it has made the decision to wind-down its investment banking efforts at this time.
  • Dundee extends its sincere appreciation to the banking team for their valuable contributions to the organization and wish them continued success in their future endeavors.
  • Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A.
  • Dundee Corporation does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.