Net interest margin

Valour Inc. Announces Extension of Warrants

Retrieved on: 
Friday, August 26, 2022
Legislation, View, Warrant, MI, Decentralized finance, Heart, NEO, Multimedia, The Company, Company, Multilateral, Net interest margin, Growth, Adoption, Security (finance), Courage

TORONTO, Aug. 26, 2022 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: RMJR) (OTCQB: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announces that the Company has extended the expiry dates of a total of 12,684,560 share purchase warrants (the "Warrants"), by three months to February 13, 2023 (the "Warrant Extension").

Key Points: 
  • TORONTO, Aug. 26, 2022 /PRNewswire/ - Valour Inc. (the "Company" or "Valour") (NEO: DEFI) (GR: RMJR) (OTCQB: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announces that the Company has extended the expiry dates of a total of 12,684,560 share purchase warrants (the "Warrants"), by three months to February 13, 2023 (the "Warrant Extension").
  • The Warrants were issued pursuant to a private placement of the Company which closed in November 2020.
  • A total of 4,000,000 Warrants are held by an insider of the Company.
  • The extension of the Warrants therefore constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Shareholders in Special Transactions ("MI 61-101").

Rio Tinto submits improved full and fair proposal for Turquoise Hill

Retrieved on: 
Wednesday, August 24, 2022
Natural Resources, Other Manufacturing, Manufacturing, Mining, Minerals, Rio Tinto (corporation), UK, First Quantum Minerals, Australian Securities Exchange, Rio Tinto, Financial Conduct Authority, The Crane Group Companies, Rio, Ownership, Toronto Stock Exchange, Tinto, Suite, Board, Bitcoin Improvement Proposals, Special, Lundin Mining, Mineral, Oyu Tolgoi mine, Canadian House of Commons Special Committee on Electoral Reform, OZ Minerals, Committee, Treaty of friendship and alliance between the Government of Mongolia and Tibet, Classification, Net interest margin, Private Securities Litigation Reform Act, Iron ore, Mining, Southern Copper Corporation, Turquoise Hill Resources

Under the terms of the Improved Proposal, Turquoise Hill minority shareholders would receive C$40 in cash per Turquoise Hill share.

Key Points: 
  • Under the terms of the Improved Proposal, Turquoise Hill minority shareholders would receive C$40 in cash per Turquoise Hill share.
  • The Improved Proposal reflects full and fair value for the Turquoise Hill minority shareholders and delivers the certainty of cash at a material premium.
  • On Turquoise Hills agreement with the terms of the Improved Proposal, Rio Tinto is prepared to discuss appropriate further amendments to the updated financing arrangements between Turquoise Hill and Rio Tinto dated 18 May 2022, and provide Turquoise Hill with the necessary liquidity to operate through completion of the transaction.
  • Rio Tinto currently beneficially owns 102,196,643 common shares of Turquoise Hill, representing approximately 51% of the issued and outstanding common shares of Turquoise Hill.

Reorganize Business Segments, Inject High-Quality Assets, Gome Retail Prepare Operations & Strategies Adjustments

Retrieved on: 
Monday, August 22, 2022
GOME, Exhibition, Time, Sale, Omnichannel, Tehran Stock Exchange, No, Household, HKEX, Company, Home, Stock exchange, Net interest margin, Group, Hong Kong Stock Exchange, Acquisition, Marketing, Electronics, Efficiency, Security (finance), Retail

Focusing on the core business, Creating a new profit model

Key Points: 
  • Focusing on the core business, Creating a new profit model
    Household appliances segment is a traditional area of strength of GOME.
  • In this business segment adjustment, the Company will focus on its core business, with the vertical model that concentrates on retail sales of household appliances and consumer electronic products as its main business.
  • In order to ensure the implementation of its business and organized strategies, GOME is also promoting enterprise structure transformation and management upgrades.
  • Under the strategy of "Home.Living", GOME strengthens its technology empowerment and focuses on the retail of home appliances and consumer electronic products as its main business.

CBOA Financial, Inc. Reports Consolidated Earnings of $747,000 in 2Q 2022

Retrieved on: 
Friday, July 29, 2022
Efficiency ratio, Bank, Federal Reserve, CEO, Solution, Small Business Administration, Commerce, Federal Reserve responses to the subprime crisis, Commerce Bank, Policy, CBOF, Company, Net interest margin, SBA, Basel

Total assets increased by 2.4% to $363.5 million during the quarter ended June 30, 2022, and increased 8.0% compared to $336.5 million a year ago.

Key Points: 
  • Total assets increased by 2.4% to $363.5 million during the quarter ended June 30, 2022, and increased 8.0% compared to $336.5 million a year ago.
  • Gross loans increased $19.4 million since first quarter 2022, ending the second quarter 2022 at $257 million.
  • The Allowance for Loan Losses totaled $3.7 million at June 2022, or 1.44% of loans, unchanged from the previous quarter.
  • At June 30, 2022, tangible book value was $2.79 per share compared to $2.89 per share at March 31, 2022 and $3.16 per share a year ago.

NagaCorp Clinches Top Honors from Institutional Investor

Retrieved on: 
Thursday, June 30, 2022
Knowledge, Business, Senior, Institutional Investor (magazine), Columbia Senior Executive Program, Corporation, Industry, Hang Seng Index, NagaCorp, Punctuality, SEHK, Kingdom, Disclosure, Institutional Investor, Net interest margin, Editorial, 2022 Asia Cup, Composite index, Hong Kong Stock Exchange, Hotel manager, Leadership, Group, Security (finance), Management

The recognition also indicates a great affirmation of our leadership, credibility, as well as our seasoned investor relations team.

Key Points: 
  • The recognition also indicates a great affirmation of our leadership, credibility, as well as our seasoned investor relations team.
  • We are proud that Institutional Investor has recognised the effectiveness of NagaCorp's investor relations team efforts and our global IR program.
  • The investor relations team is committed to continuously maintaining a world-class standard of engagements and communications to the investing community."
  • For more than 50 years, Institutional Investor has recognised people and firms in the financial services industry for excellence.

NagaCorp Clinches Top Honors from Institutional Investor

Retrieved on: 
Thursday, June 30, 2022
Knowledge, View, Business, Senior, Institutional Investor (magazine), Columbia Senior Executive Program, Corporation, Multimedia, Industry, Hang Seng Index, NagaCorp, Punctuality, SEHK, Kingdom, Disclosure, Institutional Investor, Net interest margin, Editorial, 2022 Asia Cup, Composite index, Hong Kong Stock Exchange, Hotel manager, Leadership, Group, Security (finance), Management

The recognition also indicates a great affirmation of our leadership, credibility, as well as our seasoned investor relations team.

Key Points: 
  • The recognition also indicates a great affirmation of our leadership, credibility, as well as our seasoned investor relations team.
  • We are proud that Institutional Investor has recognised the effectiveness of NagaCorp's investor relations team efforts and our global IR program.
  • The investor relations team is committed to continuously maintaining a world-class standard of engagements and communications to the investing community."
  • For more than 50 years, Institutional Investor has recognised people and firms in the financial services industry for excellence.

Turquoise Hill Announces Amendment to Comprehensive Financing Arrangement with Rio Tinto

Retrieved on: 
Wednesday, May 18, 2022
Mining, Minerals, Natural Resources, Company, Net interest margin, Multilateral, Committee, Exercise, Director, Disclosure, Environment, Equity, Rio, Agreement, Review, Special, Nature, BMO Capital Markets, Ownership, Legislation, TSX, TRQ, Rio Tinto, LLP, Intention, Forward-looking statement, Board, Oyu Tolgoi mine, Heads of Agreement, Canadian House of Commons Special Committee on Electoral Reform, TD Securities, Sale, Comment, OT, Blake, Cassels & Graydon, Private Securities Litigation Reform Act, TD, NYSE, Risk, Analysis, Mining, Financial adviser, Risk management, Security (finance), Turquoise Hill Resources, Proposal

Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the Company and Rio Tinto International Holdings Limited (Rio Tinto) have agreed to amend the comprehensive funding arrangement to, among other things, provide interim debt funding from Rio Tinto to address the Companys near-term estimated funding requirements and to extend the date by which Turquoise Hill is required to raise additional equity capital.

Key Points: 
  • Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill" or the "Company") today announced that the Company and Rio Tinto International Holdings Limited (Rio Tinto) have agreed to amend the comprehensive funding arrangement to, among other things, provide interim debt funding from Rio Tinto to address the Companys near-term estimated funding requirements and to extend the date by which Turquoise Hill is required to raise additional equity capital.
  • In light of Rio Tintos condition in its Proposal that its offer is subject to Turquoise Hill not raising additional equity capital, Rio Tinto invited Turquoise Hill to propose terms for an interim funding facility that would satisfy Turquoise Hills funding requirements pending the Companys consideration of the Proposal.
  • However, Rio Tinto has advised the Special Committee that, should the Company proceed with an equity offering, Rio Tinto intends to withdraw the Proposal.
  • Rio Tinto has also advised that if Turquoise Hill proceeds with an equity offering, Rio Tinto intends to exercise its preemptive rights to maintain its pro rata interest.

CBOA Financial, Inc. Reports Consolidated Earnings of $650,000 in 1Q 2022

Retrieved on: 
Monday, May 2, 2022
SBA, Net interest margin, Small Business Administration, Bank, Company, CBOF, Commerce Bank, Commerce, Basel, Income, Credit, Solution, CEO, Video game, Phoenix

Chris Webster, President and CEO stated, "We are pleased to start fiscal 2022 with an exceptionally strong quarter.

Key Points: 
  • Chris Webster, President and CEO stated, "We are pleased to start fiscal 2022 with an exceptionally strong quarter.
  • Our lending team continues to take advantage of the positive economic conditions in the Phoenix and Tucson metropolitan markets."
  • He further added, "The Bank's robust liquidity position allows us to fund loan growth at record low cost levels.
  • The allowance for loan losses totaled $3.43 million at March 2022, or 1.44% of loans, unchanged from the previous quarter.

Mountain Province Diamonds Announces Closing of Previously Announced Junior Credit Facility

Retrieved on: 
Monday, March 28, 2022
Company, Risk, Canadian House of Commons Special Committee on Electoral Reform, Warrant, Transaction, NEW, Finance Secretary (India), Inference, Forward-looking statement, Toronto Stock Exchange, Board, Public expenditure, SEDAR, Mining, De Beers, National instrument, Board of directors, Loan agreement, TSX, Travel, Industry, Review, Creditor, Disclosure, COVID-19, MBA, Net interest margin, News, Michael Faraday, Loan, Qualified personal residence trust, Committee, Multilateral, MI, Security (finance), Audit, Gemstone

About Mountain Province Diamonds Inc.

Key Points: 
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.
  • Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock.

Mountain Province Diamonds Announces Closing of Previously Announced Junior Credit Facility

Retrieved on: 
Monday, March 28, 2022
Company, Risk, Canadian House of Commons Special Committee on Electoral Reform, Warrant, Transaction, NEW, Finance Secretary (India), Inference, Forward-looking statement, Toronto Stock Exchange, Board, Public expenditure, SEDAR, Mining, Bay Street, De Beers, National instrument, Board of directors, Suite, Loan agreement, TSX, Travel, Industry, Review, Creditor, Disclosure, COVID-19, MBA, Net interest margin, News, Michael Faraday, Loan, Qualified personal residence trust, Committee, Multilateral, MI, Security (finance), Audit, Gemstone

About Mountain Province Diamonds Inc.

Key Points: 
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.
  • Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock.