Term sheet

Vast announces Term Sheet to facilitate transmission access for Aurora Energy Precinct

Retrieved on: 
Monday, April 8, 2024
Electricity, ElectraNet, EUR, Term sheet, VS1, SM1, Hill, BHP, ARENA, Aurora Energy, H2H, OZM, Precinct, CSP, BESS, Renewable energy

The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.

Key Points: 
  • The Precinct is owned by SiliconAurora, which plans to develop a 140MW (2 hour) battery energy storage system (BESS) on the site.
  • Additionally, Vast plans to develop Vast Solar 1 (VS1), a 30MW concentrated solar thermal power (CSP) plant with 288 MWh of thermal storage, on the Precinct site.
  • VS1 was awarded up to AUD $65 million in conditional grant funding by the Australian Renewable Energy Agency (ARENA).
  • Connection to the H2H will be subject to further negotiations and agreement with OZM and ElectraNet as contemplated under the Term Sheet.

Steppe Gold Announces 2023 Annual Financial Results

Retrieved on: 
Monday, April 1, 2024
Tax, Term sheet, Silver, Exercise, Development finance institution, Acceleration, Tres Cruces, Sheet, Gold, Sale, Acquisition, News, Toronto Stock Exchange, Bank statement, TSX, Depreciation, Government, EPC, Mining

ULAANBAATAR, Mongolia, April 01, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2023.

Key Points: 
  • ULAANBAATAR, Mongolia, April 01, 2024 (GLOBE NEWSWIRE) -- Steppe Gold Ltd. (TSX: STGO) (OTCQX: STPGF) (FSE: 2J9) (“Steppe Gold” or the “Company”) is pleased to announce its financial results for the year ended December 31, 2023.
  • Average realized prices for the three months and year ended December 31, 2023 were $1,977 and $1,948 per gold ounce and $20 and $21 per silver ounce, respectively.
  • All in Sustaining Cost was $1,281 and $1,140 per ounce sold for the three months and year ended December 31, 2023, respectively.
  • The Company’s consolidated financial results for the year ended December 31, 2023 have been filed on SEDAR+.

XTL To Aquire The Social Proxy

Retrieved on: 
Wednesday, March 20, 2024
Private placement, Term sheet, Growth, Proxy, AI, ADS, Investment, IP, XTL, Transaction, Government, Security (finance)

RAMAT GAN, ISRAEL, March 20, 2024 (GLOBE NEWSWIRE) --  XTL Biopharmaceuticals Ltd. (the “Company” or “XTL”) announced today that it has entered into a binding term sheet with THE SOCIAL PROXY Ltd., (the “Social Proxy”) a cutting edge web data company, developing and powering a unique ethical, IP based, proxy and data extraction platform for AI & BI Applications at scale (the “Term Sheet”).

Key Points: 
  • RAMAT GAN, ISRAEL, March 20, 2024 (GLOBE NEWSWIRE) --  XTL Biopharmaceuticals Ltd. (the “Company” or “XTL”) announced today that it has entered into a binding term sheet with THE SOCIAL PROXY Ltd., (the “Social Proxy”) a cutting edge web data company, developing and powering a unique ethical, IP based, proxy and data extraction platform for AI & BI Applications at scale (the “Term Sheet”).
  • Shlomo Shalev, CEO of XTL commented: “We are pleased to add the Social Proxy into our asset portfolio and believe that it will add great value to our company and shareholders.
  • We are excited to add the Social Proxy technology to XTL.
  • Tal Kinger, CEO of The Social Proxy commented: “We are thrilled to become part of the XTL team and are confident that working under XTL and its management will accelerate our growth and value creation”.

Compass Minerals and Utah Division of Forestry, Fire and State Lands Entering into Voluntary Agreement Regarding Water Conservation on the Great Salt Lake

Retrieved on: 
Wednesday, March 6, 2024
Environment, Environmental Policy, Chemicals, Plastics, Environmental Health, Public Policy, Government, Manufacturing, Mining, Minerals, State, Local, Natural Resources, Term sheet, Mineral, Compass, Bed, Utah Division, Compass Minerals, Health, Forestry, House, Ecosystem, Policy, Utah State Legislature, Legislature, Magnesium chloride, Water

Compass Minerals and FFSL are currently crafting a binding Voluntary Agreement based on the framework established within the Term Sheet.

Key Points: 
  • Compass Minerals and FFSL are currently crafting a binding Voluntary Agreement based on the framework established within the Term Sheet.
  • “We recognize that a healthy Great Salt Lake is essential to both the environmental and economic well-being of the region,” said Edward C. Dowling Jr., president and CEO.
  • “It’s critical we strike the right balance between industry’s ability to extract the various minerals found in the lake without compromising the health of the lake,” added Great Salt Lake Commissioner Brian Steed.
  • The Commissioner’s Office appreciates the leadership of the Legislature and the willingness of Compass Minerals to take these important steps to protect the Great Salt Lake.”

The9 Signed a Legally Binding Term Sheet to Acquire a Leading AIGC Driven Digital Human SaaS Platform ShenMa

Retrieved on: 
Tuesday, March 5, 2024
CFO, Social media, Term sheet, AI, Investment, Digital, Annual report, IPO, Mouth, Human, Software as a service, Mobile phone

The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a legally binding term sheet (the "Term Sheet") with Shenma Limited ("Shenma") to purchase 51% shares of Shenma by cash and issuance of The9's restricted shares.

Key Points: 
  • The9 Limited (Nasdaq: NCTY) ("The9"), an established Internet company, today announced that it signed a legally binding term sheet (the "Term Sheet") with Shenma Limited ("Shenma") to purchase 51% shares of Shenma by cash and issuance of The9's restricted shares.
  • Shenma developed and operates Shenma.io, a leading digital human SaaS platform driven by artificial intelligence-generated content (AIGC).
  • The platform has 350,000 registered users, 150,000 short video scripts model library, 9,000 digital human creators and different brand customers.
  • After the proposed investment in a leading AI SaaS legal service platform 365LAWHELP.COM, this time we plan to directly acquire a leading AIGC driven digital human SaaS platform ShenMa.

IMC Announces Potential Reverse Merger with Kadimastem a leading Clinical cell therapy company

Retrieved on: 
Wednesday, February 28, 2024
Regulation, Person, News, Canadian Securities Exchange, Sale, KDST, Par value, Diabetes, ALS, Term sheet, Biotechnology, Legacy, Loan, Spin-off (media), CVR, Loan agreement, IMCC, Transaction, Date, Holding company, FDA, Debtor, Executive, Tel Aviv Stock Exchange, Security (finance)

TORONTO and GLIL YAM, Israel, Feb. 28, 2024 /PRNewswire/ -- IM Cannabis Corp. (CSE: IMCC) (NASDAQ: IMCC) (the "Company" or "IMC"), a leading medical cannabis company with operations in Israel and Germany, is pleased to announce that it has entered into a non-binding term sheet dated February 13, 2024, as amended (the "Term Sheet"), and a Loan Agreement (as defined below) with Holding Company (as defined below), with Israel-based Kadimastem Ltd a clinical cell therapy public company traded on the Tel Aviv Stock Exchange under the symbol (TASE: KDST) ("Kadimastem"), whereby the parties will complete a business combination that will constitute a reverse merger into the Company by Kadimastem (the "Proposed Transaction").

Key Points: 
  • We have been looking for a way to deliver maximum value for our shareholders in the current situation and believe that a reverse merger with Kadimastem will provide this," said Oren Shuster, CEO of IMC.
  • "With its focus on clinical stage cell therapy, and an FDA approval for a Phase IIa clinical trial, we believe that Kadimastem has tremendous potential."
  • The Proposed Transaction will be effected by way of a plan of arrangement involving a newly created wholly-owned subsidiary of IMC and Kadimastem (the "Arrangement").
  • Pursuant to the terms of the Term Sheet, a loan agreement dated February 28, 2024 (the "Loan Agreement") was entered between IMC Holdings Ltd. a wholly-owned subsidiary of IMC (the "Holding Company") and Kadimastem.

The9 Signed a Legally Binding Term Sheet with a Leading AI SaaS Legal Service Platform 365LAWHELP.COM

Retrieved on: 
Wednesday, February 21, 2024
CFO, Daily, Term sheet, Artificial intelligence, AI, Risk management, Confidentiality, Database, Annual report, IPO, Software as a service, Intellectual property, Machine learning, The9

Established in 2019, Fazhidao owns and operates 365LAWHELP.COM and mobile app FaBaoWang, a leading artificial intelligence (AI) Software as a service (SaaS) legal service platform in China.

Key Points: 
  • Established in 2019, Fazhidao owns and operates 365LAWHELP.COM and mobile app FaBaoWang, a leading artificial intelligence (AI) Software as a service (SaaS) legal service platform in China.
  • Daily service data feeds back to the large-scale AI legal model at the same time, continuously improving the service quality.
  • 365LAWHELP.COM develops AI legal Generative Pre-trained Transformer (Gpt) which provides the legal advice that complies with the laws and regulations based the platform's real-time data.
  • Our proprietary AI SaaS legal technology has already obtained 52 Software invention patents, copyrights and trademarks in China.

The9 Signed a Legally Binding Term Sheet with a Leading AI SaaS Legal Service Platform 365LAWHELP.COM

Retrieved on: 
Wednesday, February 21, 2024
CFO, Term sheet, Artificial intelligence, AI, Risk management, Confidentiality, Database, Annual report, IPO, Software as a service, Intellectual property, Machine learning, The9

Established in 2019, Fazhidao owns and operates 365LAWHELP.COM and mobile app FaBaoWang, a leading artificial intelligence (AI) Software as a service (SaaS) legal service platform in China.

Key Points: 
  • Established in 2019, Fazhidao owns and operates 365LAWHELP.COM and mobile app FaBaoWang, a leading artificial intelligence (AI) Software as a service (SaaS) legal service platform in China.
  • Daily service data feeds back to the large-scale AI legal model at the same time, continuously improving the service quality.
  • 365LAWHELP.COM develops AI legal Generative Pre-trained Transformer (Gpt) which provides the legal advice that complies with the laws and regulations based the platform's real-time data.
  • Our proprietary AI SaaS legal technology has already obtained 52 Software invention patents, copyrights and trademarks in China.

The Company Announces That It Has Entered Into a Non-Binding Term Sheet for $130 Million Term Loan

Retrieved on: 
Friday, February 16, 2024
Sheet, Security (finance), Term loan, Term sheet, Form

SECAUCUS, N.J., Feb. 16, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a non-binding term sheet with 1903P Loan Agent, LLC (“Gordon Brothers”), as Lender, Administrative Agent and Collateral Agent, (the “Term Sheet”), for a $130 million term loan (the “Term Loan”).

Key Points: 
  • SECAUCUS, N.J., Feb. 16, 2024 (GLOBE NEWSWIRE) -- The Children’s Place, Inc. (Nasdaq: PLCE), an omni-channel children’s specialty portfolio of brands with an industry-leading digital-first model, today announced that it has entered into a non-binding term sheet with 1903P Loan Agent, LLC (“Gordon Brothers”), as Lender, Administrative Agent and Collateral Agent, (the “Term Sheet”), for a $130 million term loan (the “Term Loan”).
  • Additional details concerning the Term Sheet, certain of the expected terms of the Term Loan, and the Company’s ongoing activities concerning strategic alternatives, may be found in the Form 8-K filed by the Company with the Securities and Exchange Commission on February 16, 2024.

Standard Uranium Reaches Terms to Option Atlantic Project in Athabasca Basin

Retrieved on: 
Monday, February 12, 2024
Term sheet, Uranium, Project, News, Exercise, Option, Documentation, National instrument, National Instrument 43-101, Anomaly, Uranium mining

Jon Bey, CEO and Chairman, commented, “We are pleased to announce our fourth option agreement since transitioning to a project generator in July 2023.

Key Points: 
  • Jon Bey, CEO and Chairman, commented, “We are pleased to announce our fourth option agreement since transitioning to a project generator in July 2023.
  • Exploration efforts are focused on several high-priority target areas along several kilometres of under-tested conductors, targeting high-grade unconformity-related uranium mineralization.
  • Summary of the Atlantic Project, highlighting geophysical target areas and historical uranium showings.
  • Following exercise of the Option, the parties intend to form a joint venture for the further development of the Project.