National Bank of Canada

Canada-in-Asia Conferences 2024 Forge Agri-food, Climate Connections in Singapore

Retrieved on: 
Thursday, March 7, 2024

VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada (UnivCan) concluded a successful Canada-in-Asia Conference 2024 (CIAC2024) in Singapore on February 29, 2024.

Key Points: 
  • VANCOUVER, British Columbia, March 07, 2024 (GLOBE NEWSWIRE) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada (UnivCan) concluded a successful Canada-in-Asia Conference 2024 (CIAC2024) in Singapore on February 29, 2024.
  • With over 460 attendees from across Canada and over 35 cities across the Indo-Pacific region, CIAC2024 focused on two thematic areas: Agri-food (Feb. 26-27) and Climate Solutions (Feb. 27-29).
  • CIAC2024: Climate Solutions convened Asia-based and Canada-based private sector, government, university, and other leaders to connect and learn from each other’s priorities and experiences in climate policy, climate technologies, climate research, and climate finance.
  • Ms. Grace Fu, Singapore’s Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations, delivered the conference’s keynote speech.

VoltaGrid Secures Long-Term Capital Via a Combination of $550 Million Term Loan and $210 Million of Equity

Retrieved on: 
Monday, March 4, 2024

In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.

Key Points: 
  • In conjunction with the Term Loan Facility, the Company has entered into a revised senior secured revolving credit facility (the “Credit Facility”) that provides immediate access to $100 million and up to $150 million under certain conditions.
  • The Credit Facility includes support from BMO Capital Markets, The Toronto-Dominion Bank, National Bank of Canada, Scotiabank and Cadence Bank.
  • Lastly, VoltaGrid is pleased to announce the closing of its follow-on equity raise of $210 million, which closed in the third quarter of 2023 and included investments from Longbow Capital Inc. (“Longbow”), CPP Investments and other strategic equity investors.
  • BMO Capital Markets Corp. and National Bank Financial Markets acted as Co-Lead Arrangers and Bookrunners and Bank of Montreal as Administrative Agent for the Credit Facility.

Osisko Development Secures US$50 Million Funding to Commence Underground Development at Cariboo Gold Project

Retrieved on: 
Monday, March 4, 2024

The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada.

Key Points: 
  • The Credit Facility will be exclusively used to fund ongoing detailed engineering and pre-construction activities at the Company's 100%-owned Cariboo Gold Project ("Cariboo" or the "Project") located in central British Columbia ("BC"), Canada.
  • Sean Roosen, Chairman and CEO, commented, "We are very pleased to secure funding that will enable us to commence the development of a 1.2 kilometer underground drift at Cariboo and advance important design and engineering work ahead of the anticipated receipt of permits in Q2 2024.
  • Importantly, this facility is non-dilutive with no early repayment penalties, and provides us with financial flexibility to refinance the facility prior to maturity.
  • We appreciate National Bank's strong support towards our vision of building Canada's next gold mining district at Cariboo.

Colliers International Group Inc. Completes US$300 Million Bought Deal Public Offering of Equity

Retrieved on: 
Wednesday, February 28, 2024

TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) is pleased to report that it has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of US$300.0 million (the “Offering”) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG, LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus (the “Underwriters”).

Key Points: 
  • TORONTO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) (“Colliers” or the “Company”) is pleased to report that it has closed its previously announced bought deal public offering of 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of US$300.0 million (the “Offering”) with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan as joint bookrunners, and including Mizuho, National Bank Financial, RBC Capital Markets, Scotiabank, Merrill Lynch, BTIG, LLC, CIBC Capital Markets, Goldman Sachs, Raymond James, TD Securities, Wells Fargo and Stifel Nicolaus (the “Underwriters”).
  • Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.
  • The net proceeds of the Offering will be used to repay balances outstanding on the Company’s credit facility and are intended to create additional capacity to fund potential future acquisition opportunities and growth initiatives, and for general corporate purposes.
  • No securities regulatory authority has either approved or disapproved of the contents of this news release.

Canada-in-Asia Conference Arrives in Singapore February 26-29, 2024

Retrieved on: 
Wednesday, February 21, 2024

VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada are excited to host the second annual Canada-in-Asia Conference in Singapore from February 26-29, 2024.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- The Asia Pacific Foundation of Canada (APF Canada) and Universities Canada are excited to host the second annual Canada-in-Asia Conference in Singapore from February 26-29, 2024.
  • With over 400 participants already registered, our 2024 Canada-in-Asia Conferences event (CIAC2024) will focus on two thematic areas: Agri-food (Feb. 26-27) and Climate Solutions (Feb. 27-29).
  • Over four days at the Pan Pacific Singapore, the conference program will provide networking and inter-disciplinary discussion on some of the most pressing issues in Canada-Asia co-operation, trade, and investment in the agriculture and climate spaces.
  • The Canada-in-Asia Conference is presented with the assistance of the Government of Canada.

EnviroGold Global Appoints Mr. Malcolm Smith as CEO and Director

Retrieved on: 
Tuesday, February 20, 2024

TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), a clean technology company accelerating the world’s transition to a circular-resource economy, today announced that its Board of Directors has appointed Mr. Malcolm Smith as Chief Executive Officer and Member of the Board of Directors effective February 20th, 2024.

Key Points: 
  • TORONTO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold Global” or the “Company”), a clean technology company accelerating the world’s transition to a circular-resource economy, today announced that its Board of Directors has appointed Mr. Malcolm Smith as Chief Executive Officer and Member of the Board of Directors effective February 20th, 2024.
  • “We are excited to have Mr. Smith join the team, he’s a seasoned executive with over twenty-five years of experience in business development and capital markets.
  • The Company is currently working with five major global metal production companies, and I expect 2024 to be a big year for EnviroGold,” said Mr. Smith.
  • Dr. Thorpe will be stepping down due to personal reasons and the Company wishes him all the best in his future endeavours.

Synctera Announces $18.6M Funding Boost, Appoints New CRO, To Support Largest New Customers’ US Expansions

Retrieved on: 
Monday, March 4, 2024

After a successful kickoff of its partnership with National Bank of Canada in 2023, NAventures has joined Synctera’s Series A extension.

Key Points: 
  • After a successful kickoff of its partnership with National Bank of Canada in 2023, NAventures has joined Synctera’s Series A extension.
  • One emerging use case for Synctera in 2024 has been international wealth management, a specialty that attracted BTG Pactual, the largest investment bank in Latin America.
  • On the partnership, CEO GB Olugbenga shared, “We’re really thrilled to be partnering with Synctera to broaden our offerings in the US.
  • Synctera's early focus on technology, team building, regulatory alignment, and long-term bank relationships has set a solid foundation for continued growth.

Pluribus Technologies Corp. Announces Amendment to Forbearance Agreement

Retrieved on: 
Friday, March 1, 2024

TORONTO, March 1, 2024 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces an amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024 between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender.

Key Points: 
  • TORONTO, March 1, 2024 /PRNewswire/ - Pluribus Technologies Corp. (TSXV: PLRB) ("Pluribus" or the "Company") announces an amendment (the "Amendment") to the previously-announced forbearance agreement dated January 18, 2024 between the Company and National Bank of Canada (the "Lender"), relating to a secured credit agreement dated April 27, 2022, as amended, among the Company, certain of its subsidiaries and the Lender.
  • Under the Amendment, the Lender has agreed provide an extension for payment of an amortization payment that was originally due on February 29, 2024 to allow the Company to continue its previously announced strategic review process, which involves a review and evaluation of strategic alternatives that may be available to the Company to further enhance the Company's growth, development and prosperity in the short and long terms, with the goal of maximizing shareholder value.
  • The Company will provide an update when further disclosure is required or otherwise appropriate.

Matrix Renewables closes Tax Credit Transfer Agreement and Construction to Term Loan Financing for 260MWdc solar project in Ada County, Idaho

Retrieved on: 
Thursday, February 22, 2024

The debt transaction led by MUFG as Coordinated Lead Arranger includes a construction loan, term loan and LC support.

Key Points: 
  • The debt transaction led by MUFG as Coordinated Lead Arranger includes a construction loan, term loan and LC support.
  • The tax credit transfer agreement was executed with a property/casualty insurance company as the tax credit buyer and Stonehenge Capital as the tax credit servicer.
  • Matrix has elected PTC monetization for the project and received a full 10-year PTC purchase commitment from the tax credit buyer.
  • "We are incredibly pleased to report our financing and construction progress on our Pleasant Valley Solar project.

Arevon Secures $1.1 Billion Financial Close for Eland 2 Solar-plus-Storage Project

Retrieved on: 
Thursday, February 22, 2024

NEW YORK and SCOTTSDALE, Ariz., Feb. 22, 2024 /PRNewswire/ -- Arevon Energy, Inc., a leading renewable energy developer, owner, and operator, today announced it has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatt (MWdc) solar project coupled with 150 MW/600 megawatt hours (MWh) of energy storage is under early-stage construction and is anticipated to come online in Q1 2025.

Key Points: 
  • Arevon obtained $654 million of debt financing including a construction-to-term loan, a tax equity bridge loan, and letter of credit facilities.
  • Daniel Murphy, Director of Project Finance at Arevon, remarked: "The Eland 2 financing is an amazing accomplishment after Eland 1 which achieved financial close in 2022.
  • Eland 2 , combined with the project's first phase, Eland 1 , collectively represent one of the largest power plants in Arevon's portfolio.
  • "The Eland projects highlight our team's financial strength, industry expertise, and thoughtful approach to fostering a sustainable energy infrastructure.