Foreign Investment Review Board

Completion of Placement to Zijin Mining

Retrieved on:

Tuesday, March 5, 2024

Foreign Investment Review Board, FIRB, TSX, Completion, ASX, XAM

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.

Key Points:

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.
Details of the proposed placement to Zijin were announced to ASX on 20 November 2023 and 8 December 2023.
Completion follows the satisfaction of all Conditions Precedent under the Share Subscription Agreement with Zijin, including shareholder approval on 6 February 2024, and approval by the Foreign Investment Review Board (FIRB) last week.
The Company has relied upon the exemption in section 602.1 of the TSX Company Manual in respect of the placement as an Eligible Interlisted Issuer.

Completion of Placement to Zijin Mining

Retrieved on:

Monday, March 4, 2024

TSX, Foreign Investment Review Board, FIRB, ASX, XAM, Completion

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.

Key Points:

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) -- Xanadu Mines Ltd (ASX:XAM, TSX:XAM) (Xanadu or the Company) is pleased to announce that the placement of 15,185,328 fully paid ordinary shares to Jinping (Singapore) Mining Pte Ltd, a wholly owned indirect subsidiary of Zijin Mining Group Co. Ltd (Zijin), at an issue price of A$0.055 per share, completed today.
Details of the proposed placement to Zijin were announced to ASX on 20 November 2023 and 8 December 2023.
Completion follows the satisfaction of all Conditions Precedent under the Share Subscription Agreement with Zijin, including shareholder approval on 6 February 2024, and approval by the Foreign Investment Review Board (FIRB) last week.

Vista Gold Corp. Announces Receipt of the $7 Million Second Instalment Payment Under Wheaton Precious Metals Royalty

Retrieved on:

Wednesday, February 28, 2024

Natural Resources, Other Natural Resources, Mining, Minerals, Royalty, Foreign Investment Review Board, VGZ, News, TSX, Wheaton Precious Metals, Cayman, Donald Duck filmography

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.

Key Points:

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.
Ltd. (“Vista Australia”), has received the second instalment payment of $7 million (“Second Instalment”) under the royalty agreement between Vista Australia and Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. (“Wheaton”), dated December 13, 2023 (“Royalty Agreement”), in relation to the Company’s Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia.
The Second Instalment is part of the $20 million royalty with Wheaton, which will be used to advance Mt Todd and for general corporate purposes.
The principal terms of the Royalty Agreement are as described in the Company’s news release dated December 14, 2023.

Alcoa Announces Agreement With Alumina Limited on Terms and Process to Acquire Alumina Limited in All-Stock Transaction

Retrieved on:

Sunday, February 25, 2024

Alcoa and Alumina Limited have entered into an exclusivity and transaction process deed (“Process Deed”), and the Alumina Limited Board of Directors has confirmed that, subject to entry into a scheme implementation agreement, it intends to recommend the transaction to Alumina Limited shareholders.

Key Points:

Alcoa and Alumina Limited have entered into an exclusivity and transaction process deed (“Process Deed”), and the Alumina Limited Board of Directors has confirmed that, subject to entry into a scheme implementation agreement, it intends to recommend the transaction to Alumina Limited shareholders.
Under the all-scrip, or all-stock, transaction, Alumina Limited shareholders would receive consideration of 0.02854 Alcoa shares for each Alumina Limited share (the “Agreed Ratio”).
Under the Process Deed, Alcoa and Alumina Limited intend to finalize and enter into a scheme implementation agreement for the all-scrip transaction (the “Agreement”).
Upon completion of the Agreement, Alumina Limited shareholders would own 31.25 percent, and Alcoa shareholders would own 68.75 percent of the combined company.1
Alcoa is the sole operator of Alcoa World Alumina and Chemicals (AWAC), a joint venture (“JV”) with Alumina Limited.

Vista Gold Corp. Announces Receipt of the $3 Million First Installment Payment Under Wheaton Precious Metals Royalty

Retrieved on:

Monday, December 18, 2023

Mining, Minerals, Natural Resources, Royalty, Cayman, Donald Duck filmography, VGZ, NYSE American, Foreign Investment Review Board, News, Wheaton Precious Metals, TSX

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.

Key Points:

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Vista Gold Australia Pty.
Ltd. (“Vista Australia”) has received the first installment payment of $3 million (“First Installment”) under the royalty agreement between Vista Australia and Wheaton Precious Metals (Cayman) Co., an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) dated December 13, 2023 (“Royalty Agreement”), in relation to the Company’s Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia.
The First Installment is part of the $20 million royalty with Wheaton, which will be used to advance Mt Todd and for general corporate purposes.
The principal terms of the Royalty Agreement are as described in the Company’s news release dated December 14, 2023.

Vista Gold Corp. Announces $20 Million Royalty with Wheaton Precious Metals Corp. on Mt Todd

Retrieved on:

Thursday, December 14, 2023

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary Vista Gold Australia Pty.

Key Points:

Vista Gold Corp. (NYSE American and TSX: VGZ) (“Vista” or the “Company”) is pleased to announce that its wholly-owned subsidiary Vista Gold Australia Pty.
Ltd. (“Vista Australia”) has entered into a Royalty Agreement (the “Royalty Agreement”) with an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) dated December 13, 2023, in relation to the Company’s Mt Todd gold project (“Mt Todd” or the “Project”) located in Northern Territory, Australia.
In consideration for the Royalty, Wheaton will provide Vista with $20 million to advance Mt Todd and for general corporate purposes.
Wheaton has also been granted a Right of First Refusal on any royalties, streams or pre-pays pertaining to Mt Todd.

Blue Chip Partners Named a Top Registered Investment Advisory Firm in Michigan by Forbes

Retrieved on:

Monday, December 11, 2023

FARMINGTON HILLS, Mich., Dec. 11, 2023 /PRNewswire/ -- Blue Chip Partners ("Blue Chip"), an award-winning, independent Registered Investment Advisor (RIA) and comprehensive wealth management firm located just outside of Detroit, was recently named one of the top RIA firms in Michigan by Forbes and SHOOK Research.

Key Points:

FARMINGTON HILLS, Mich., Dec. 11, 2023 /PRNewswire/ -- Blue Chip Partners ("Blue Chip"), an award-winning, independent Registered Investment Advisor (RIA) and comprehensive wealth management firm located just outside of Detroit, was recently named one of the top RIA firms in Michigan by Forbes and SHOOK Research.
In the 2023 list of America's Top RIA Firms , Blue Chip was ranked #10 in Michigan and #215 nationally.
"Being included in this industry-leading ranking is a huge honor for us," said Robert Steinberg, Founder and CEO of Blue Chip Partners.
To learn more about McLeod and the rest of the team at Blue Chip Partners, please visit the firm's team page .

ROLLER raises US$50 million in growth capital from Insight Partners to help leisure and attractions venues deliver exceptional guest experiences

Retrieved on:

Thursday, November 9, 2023

SBA, CRM, CFO, Foreign Investment Review Board, Insight Partners, RBC Capital Markets, Payment card, Amusement park

This latest funding round will provide additional resources and capacity to invest into ROLLER'S platform and services, ultimately helping the company's customers to grow through delivering exceptional guest experiences.

Key Points:

This latest funding round will provide additional resources and capacity to invest into ROLLER'S platform and services, ultimately helping the company's customers to grow through delivering exceptional guest experiences.
ROLLER is a complete software platform for modern attractions and leisure venues.
From humble origins, ROLLER is now a truly global business with over 1,500 leisure and attractions venues using its platform across 30 countries.
Rachel Geller, Managing Director at Insight Partners added, "ROLLER has built an impressive business that is positioned to become a global category leader.

ROLLER raises US$50 million in growth capital from Insight Partners to help leisure and attractions venues deliver exceptional guest experiences

Retrieved on:

Thursday, November 9, 2023

SBA, CRM, CFO, Foreign Investment Review Board, Insight Partners, RBC Capital Markets, Payment card, Amusement park

This latest funding round will provide additional resources and capacity to invest into ROLLER'S platform and services, ultimately helping the company's customers to grow through delivering exceptional guest experiences.

Key Points:

This latest funding round will provide additional resources and capacity to invest into ROLLER'S platform and services, ultimately helping the company's customers to grow through delivering exceptional guest experiences.
ROLLER is a complete software platform for modern attractions and leisure venues.
From humble origins, ROLLER is now a truly global business with over 1,500 leisure and attractions venues using its platform across 30 countries.
Rachel Geller, Managing Director at Insight Partners added, "ROLLER has built an impressive business that is positioned to become a global category leader.

Albanese government launches new strategy for ties with Southeast Asia - and business is key

Retrieved on:

Tuesday, September 5, 2023

There is no doubt the Albanese government sees Southeast Asia as vital for Australia’s security and prosperity.

Key Points:

There is no doubt the Albanese government sees Southeast Asia as vital for Australia’s security and prosperity.
Despite its 687 million people and expanding middle class, Australia’s level of economic engagement with Southeast Asia has remained stubbornly low.
In a particularly damning statistic, Australia’s direct investment in New Zealand is more than in the whole of dynamic Southeast Asia.
Australian governments have actually been trying for a long time to get Australian businesses interested in Southeast Asia.
The government has also funded organisations such as Asialink Business to build companies’ Asia capability for a decade.
It recommends a “whole-of-nation plan” to strengthen Southeast Asia literacy in Australian business, government, the education and training system, and the community.