Minority

ProStar Holdings Announces Non-Brokered Private Placement

Retrieved on: 
Wednesday, March 13, 2024
Indian stock exchange, TSX Venture Exchange, Offering, Minority, The Company, Warrant, Sale, Regulation, News, MasterCraft, Legislation, Marketing, Person, Security (finance)

GRAND JUNCTION, Colo., March 13, 2024 (GLOBE NEWSWIRE) -- (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00) ProStar Holdings Inc. (the "Company" or "ProStar®") a world leader in Precision Mapping Solutions®, is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,500,000 (the "Offering").

Key Points: 
  • GRAND JUNCTION, Colo., March 13, 2024 (GLOBE NEWSWIRE) -- (OTCQB: MAPPF) (TSXV: MAPS) (FSE: 5D00) ProStar Holdings Inc. (the "Company" or "ProStar®") a world leader in Precision Mapping Solutions®, is pleased to announce a non-brokered private placement for gross proceeds of up to C$2,500,000 (the "Offering").
  • Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a “Warrant”).
  • The Company will use the proceeds of the Offering for sales, marketing, and working capital requirements.
  • Directors and officers of ProStar and shareholders owning more than 10% of the Common Shares may participate in the Offering for a yet to be determined amount.

CryptoBlox Converts Debts at $0.55 per Share

Retrieved on: 
Tuesday, March 12, 2024
Minority, Acquisition, Share (finance), Blockchain, Multilateral

The Settlement Shares are being issued at a price of $0.55, in accordance with the policies of the Canadian Securities Exchange (the “CSE”).

Key Points: 
  • The Settlement Shares are being issued at a price of $0.55, in accordance with the policies of the Canadian Securities Exchange (the “CSE”).
  • The Company is completing the Shares for Debt Transaction to improve its financial position by reducing its existing liabilities.
  • No new control person of the Company will be created pursuant to the Shares for Debt Transaction.
  • “I wanted to lead by example in converting my debts into shares of the Company at $0.55 per share, which was the same price as our last acquisition,” stated Akshay Sood, CEO of CryptoBlox.

Abcourt Announces a Non-Brokered Private Placement for up to $5.0 Million Resulting in the Creation of a Control Person

Retrieved on: 
Tuesday, March 12, 2024
Giant, Indian stock exchange, Control, Private placement, TSX Venture Exchange, Private, Minority, Sale, TMX Group, WIRE, News, SARL, Unit, Special, NOT, Multilateral, NEWS, Person, Security (finance)

ROUYN-NORANDA, Quebec, March 12, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce a non-brokered private placement of up to 100,000,000 units of the Corporation (“Units”) at a price of $0.05 per Unit for aggregate gross proceeds of up to $5,000,000 (the “Private Placement”) as a result of which François Mestrallet, a director of the Corporation, will become a Control Person of the Corporation (as such term is defined in the policies of the TSX Venture Exchange (the “TSXV”).

Key Points: 
  • Each Unit will consist of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
  • The Private Placement is expected to close on or about March 26, 2024 and remains subject to approval of the TSXV.
  • Shareholders of the Corporation will be asked at the Special Meeting to consider and, if thought fit, to pass a resolution (the “Control Person Resolution”) approving the creation of a Control Person.
  • Additional information regarding the Private Placement and the Control Person Resolution will be provided in the management information circular to be prepared in respect of the Special Meeting.

NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America’s Mine-to-Battery-Material Graphite Production

Retrieved on: 
Thursday, March 28, 2024
Natural Resources, Batteries, Alternative Energy, EV, Electric Vehicles, Energy, Automotive, Technology, Mining, Minerals, Carbon, Quality control, Anchor, Innu, Investment, TYO, Inflation, General Motors, EVS, Minority, FID, Education, Benchmark Mineral Intelligence, United States Geological Survey, Graphite, CO2, Verified Carbon Standard, Safety, Workforce, Climate change, Acceleration, VCS, GHG, ESG, Regulation, Acquisition, Student, Annual report, Kilowatt-hour, NOU, NMG, Engineering, Health, Intel, Government, Abitibi, GM, Pressure, Growth, Unitary state, Environment, Bloomberg, Mineral, Multimedia

Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.

Key Points: 
  • Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.
  • NMG also signed a supply agreement with GM for 18,000 tpa of active anode material for an initial term of six years.
  • The Company maintains intensive commercial discussions and continued product qualification with other tier-1 battery manufacturers for the balance of its Phase-2 production.
  • Such measures reaffirm the importance of establishing a local, resilient, and ESG-compliant supply chain of graphite to support battery and EV production.

Tricon Shareholders Approve Proposed Take Private by Blackstone Real Estate

Retrieved on: 
Thursday, March 28, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Indian stock exchange, Letter, Form 6-K, TCN, Minority, Proxy, Toronto Stock Exchange, Commercial, Meeting, TSX, Arrangement, Investment Canada Act, Transaction, Security (finance)

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that at its special meeting (“Meeting”) of shareholders of the Company (“Company Shareholders”) held earlier today, Company Shareholders voted to approve the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (and together with their respective affiliates, “Blackstone”) will acquire all of the outstanding common shares of Tricon (“Common Shares”) for US$11.25 per Common Share in cash (the “Transaction”).

Key Points: 
  • Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) is pleased to announce that at its special meeting (“Meeting”) of shareholders of the Company (“Company Shareholders”) held earlier today, Company Shareholders voted to approve the previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. (and together with their respective affiliates, “Blackstone”) will acquire all of the outstanding common shares of Tricon (“Common Shares”) for US$11.25 per Common Share in cash (the “Transaction”).
  • Of the votes cast at the Meeting with respect to the Arrangement, a total of 208,391,666 Common Shares were voted in favour of the special resolution approving the Arrangement, representing approximately 99.3% of the votes cast by Company Shareholders.
  • The Company’s full report of voting results will be filed under the Company’s issuer profile at www.sedarplus.ca and on Form 6-K at https://www.sec.gov .
  • Tricon intends to seek a final order from the Ontario Superior Court of Justice (Commercial list) to approve the Arrangement on April 5, 2024 (the “Final Order”).

Almonty Industries Inc. - Placement of Common Share Units and CDI’s raises C$1.47 million1 with Further Commitments of C$1.178 million for acceleration of Tungsten downstream planning and Molybdenum reserves conversion.

Retrieved on: 
Saturday, March 23, 2024
Finance, Natural Resources, Professional Services, Other Natural Resources, Mining, Minerals, Indian stock exchange, Private placement, ANY, Private, CDI, APT, Minority, Risk, ASX, Sale, Acquisition, Placement, Lead, THIS, Tungsten, Moly, TSX, AII, ALI, Multilateral, UPDATE, Person

Proceeds from the Placement will be applied towards general working capital, including accelerating the downstream project planning and further investigation of the Moly due to increasing interest in the material domestically.

Key Points: 
  • Proceeds from the Placement will be applied towards general working capital, including accelerating the downstream project planning and further investigation of the Moly due to increasing interest in the material domestically.
  • The Placement Units and Placement CDI’s issued will rank equally with existing CDI’s and Common Shares on issue.
  • The closing of the CDI Placement is subject to receipt of all necessary regulatory approvals, including the acceptance by the TSX and ASX.
  • READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD- LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE.

Li-Cycle Announces $75 Million Strategic Investment from Glencore

Retrieved on: 
Tuesday, March 12, 2024
Other Manufacturing, Environment, Technology, Sustainability, Alternative Energy, Manufacturing, Green Technology, Energy, Batteries, Recycling, Exercise, Convertible, Sale, Bank statement, Investment, Marketing, Transaction, PIK, Audit committee, Committee, Partnership, Minority, LON, VWAP, Multilateral, Person, GC, Date, Annual report, 8-K, Hub, Nickel, Ontario Securities Commission, Cobalt, Redemption, Security (finance)

Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.

Key Points: 
  • Ajay Kochhar, Li-Cycle co-founder and CEO, commented: “We are pleased to secure an additional $75 million investment from Glencore, following Glencore’s June 2022 investment, to improve our liquidity position while we continue our ongoing comprehensive review process.
  • The SC engaged Moelis & Company LLC, a leading global investment bank (“Moelis”), as its financial advisor and placement agent.
  • As part of the partnership, Glencore previously made a $200 million investment in Li-Cycle in June 2022 through the purchase of a convertible note (the “Existing Note”).
  • The Glencore investment will result in Glencore purchasing from the Company a senior secured convertible note in the aggregate principal amount of $75 million.

INDIGO AGREES TO BE TAKEN PRIVATE BY TRILOGY AT $2.50 PER SHARE

Retrieved on: 
Wednesday, April 3, 2024
Blake, Cassels & Graydon, BMO, Committee, Minority, Special, Chairperson, Torys, LLP, Effective interest rate, Attention, Toronto Stock Exchange, Suite, TSX, BMO Capital Markets, VWAP, IDG, Multilateral, Transaction, Security (finance)

TILP and TRHI are controlled by Mr. Gerald W. Schwartz, a member of the board of directors of the Company (the "Board").

Key Points: 
  • TILP and TRHI are controlled by Mr. Gerald W. Schwartz, a member of the board of directors of the Company (the "Board").
  • The cash premium transaction will provide Minority Shareholders with immediate and certain value that is expected to be higher than that realizable in the foreseeable future.
  • Mr. Dohle added, "Since its inception, Indigo has established itself as a cherished Canadian brand with an important leadership role in the Canadian publishing and bookselling industries.
  • To obtain a copy of the early warning report, please contact Trilogy, 161 Bay Street, 49th Floor, Toronto, ON, M5J 2S1, Attention: Lori Shapiro, 416-362-7711.

Nuvei enters into agreement to be taken private by Advent International, alongside existing Canadian shareholders Philip Fayer, Novacap and CDPQ at a price of US$34.00 per share

Retrieved on: 
Monday, April 1, 2024
Hierarchy, Multiple, Special, History, Bank statement, BMO Capital Markets, Partnership, Committee, Minority, Risk, EDGAR, Toronto Stock Exchange, Head, Advent International, Arrangement, Willkie Farr & Gallagher, Related, Kirkland & Ellis, Schedule, Blake, Cassels & Graydon, CDPQ, Regulation, Meeting, TSX, Canada Business Corporations Act, RBC Capital Markets, E-commerce, Norton Rose Fulbright, Growth, LLP, Security (finance)

MONTREAL, April 1, 2024 /PRNewswire/ -- Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), today announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") to be taken private by Advent International ("Advent"), one of the world's largest and most experienced global private equity investors, with the support of each of the Company's holders of multiple voting shares ("Multiple Voting Shares"), being Philip Fayer, certain investment funds managed by Novacap Management Inc. (collectively, "Novacap") and CDPQ, via an all-cash transaction which values Nuvei at an enterprise value of approximately US$6.3 billion. The Company will continue to be based in Montreal.

Key Points: 
  • Nuvei will benefit from the significant resources, operational, and sector expertise, as well as the capacity for investment provided by Advent.
  • Philip Fayer will remain Nuvei's Chair and Chief Executive Officer and will lead the business in all aspects of its operations.
  • Fayer continued: "Our strategic initiatives have always focused on accelerating our customers revenue, driving innovation across our technology, and developing our people.
  • Bringing in a partner with such extensive experience in the payments sector will continue to support our development."

FirstEnergy Named Top 50 Diversity Employer by Minority Engineer™ Magazine

Retrieved on: 
Wednesday, March 20, 2024
FirstEnergy, Hispanic, Inclusion, Veteran, Woman, Minority, Social media, National Society, Equity, Disability, Bloomberg, Black History Month, Society, Trade, Commerce, FE, Feedback

AKRON, Ohio, March 20, 2024 /PRNewswire/ -- For the second year in a row, FirstEnergy Corp. (NYSE: FE) has been designated as a Top 50 Diversity Employer by Minority Engineer™ magazine. The rankings are determined based on a survey of randomly selected Minority Engineer readers who were asked to name the employers where they would most like to work or that they believe provide a positive working environment for members of minority groups.

Key Points: 
  • AKRON, Ohio, March 20, 2024 /PRNewswire/ -- For the second year in a row, FirstEnergy Corp. (NYSE: FE) has been designated as a Top 50 Diversity Employer by Minority Engineer™ magazine.
  • Karen Sealy, Director of Diversity, Equity and Inclusion and Chief Diversity Officer at FirstEnergy: "A strong diversity, equity and inclusion program is about more than just talking the talk.
  • At FirstEnergy, it is a core value that truly shapes the way we do business and engage with each other.
  • In the past three years alone, the company has been named as a leading diversity employer by G.I.