Private

Bionano Announces Amendment to Debt Financing Arrangement to Extend Cash Runway

Retrieved on: 
Wednesday, February 28, 2024

Immediately following the repayments above, there is approximately $24.3 million in aggregate principal amount of the Initial Registered Note outstanding.

Key Points: 
  • Immediately following the repayments above, there is approximately $24.3 million in aggregate principal amount of the Initial Registered Note outstanding.
  • While working in close collaboration with the Buyer, this arrangement seeks both to expand the capital available to Bionano and to reduce the amount of debt on the company’s balance sheet.
  • All together this arrangement provides immediate access to $30.0 million of near-term liquidity.
  • “The financing from October provided the company with critical near-term capital that enabled us to extend our cash runway.

Silver Bull Provides Update on Its Arbitration Claim Against Mexico

Retrieved on: 
Tuesday, February 27, 2024

VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) provides an update on progress with its international arbitration claim against the United Mexican States (“Mexico”).

Key Points: 
  • VANCOUVER, British Columbia, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) provides an update on progress with its international arbitration claim against the United Mexican States (“Mexico”).
  • The evaluation is underway and will serve as the foundation for determining the value of Silver Bull’s claim against Mexico.
  • Silver Bull anticipates filing its Memorial in May 2024, with the Arbitration hearing slated for October 2025.
  • Any forward-looking statements in this document are intended to provide Silver Bull security holders and potential investors with information regarding Silver Bull, including management's assessment of Silver Bull’s future plans and financial outlook.

Rogers Sugar Announces a $110 Million Equity Offering to Fund a Portion of its Sugar Capacity Expansion Project

Retrieved on: 
Monday, February 26, 2024

The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).

Key Points: 
  • The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).
  • In addition, longtime Rogers Sugar shareholder Belkorp Industries Inc. (“Belkorp”) has agreed to purchase approximately $10 million of Common Shares, also by way of a concurrent private placement.
  • The Expansion Project will increase the production capacity of Lantic’s Montreal plant by approximately 20%, or 100,000 metric tonnes.
  • The total investment for the Expansion Project is estimated at approximately $200 million.

Eightco announces early repayment of debt, private placement and certain changes at the parent company level

Retrieved on: 
Monday, February 26, 2024

In addition to lowering debt levels, the repayment of the Hudson Bay Note now gives the Company the ability to attract efficient capital to grow its subsidiary, Forever 8 Fund, LLC (“Forever 8”).

Key Points: 
  • In addition to lowering debt levels, the repayment of the Hudson Bay Note now gives the Company the ability to attract efficient capital to grow its subsidiary, Forever 8 Fund, LLC (“Forever 8”).
  • The Company also announced the appointment and departures of certain officers, as well as the issuance of common stock to reduce and satisfy certain outstanding obligations as related to consultants, former and current employees and directors of the company.
  • The Company continues to reduce ongoing costs at the parent company level so it can focus its resources on delivering growth via its main subsidiary Forever 8.
  • Accordingly, the shares of common stock issued in the Private Placement and the Notes may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.

Array Technologies and Alupco® Announce Strategic Partnership to Fuel Growing Renewable Energy Market in the Middle East

Retrieved on: 
Thursday, February 22, 2024

Headquartered in Albuquerque, New Mexico, Array has been at the forefront of driving clean energy solutions both domestically and globally.

Key Points: 
  • Headquartered in Albuquerque, New Mexico, Array has been at the forefront of driving clean energy solutions both domestically and globally.
  • The new partnership will bring leading solar technology to the fast-growing renewable energy market in the Middle East.
  • “Our alliance with ALUPCO® and expansion into the Middle East underscores our dedication to the global clean energy market.
  • According to Minister of Energy Prince Abdulaziz bin Salman, Saudi Arabia aims to add 20 gigawatts of renewable energy annually to reach 130 gigawatts of renewable energy before 2030.

Cielo Announces Private Placement of Convertible Debenture Units for up to $5.0 Million to Advance Renewable Fuel Projects, Confirms Final Credit Facility Draw and Magazine Feature

Retrieved on: 
Thursday, February 22, 2024

CALGARY, Alberta, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Cielo Waste Solutions Corp. (TSXV:CMC; OTCQB:CWSFF) (“Cielo” or the “Company”), a renewable fuel company leveraging market ready licensed technology to produce low carbon fuel from wood by-products, is pleased to announce that it proposes to undertake a non-brokered private placement offering of unsecured convertible debenture units of the Company (collectively, the "Convertible Debenture Units") at a price of $1,000 per Convertible Debenture Unit for targeted gross proceeds of up to $5,000,000 (the "Private Placement").

Key Points: 
  • The Private Placement and a concurrent final draw from Cielo’s existing secured credit facility, as described below, represent an important shift in the Company’s financing strategy to utilize convertible instruments versus traditional forms of debt.
  • In addition, Cielo is also pleased to share that the Company has been featured in the Winter 2024 edition of Canadian Biomass Magazine , with further details provided below.
  • The Company intends to close the Private Placement in one or more tranches throughout February and early March.
  • Finder's fees of cash and/or non-transferrable warrants may be paid in connection with the Private Placement in accordance with applicable laws.

Arqit and CableFree deliver world’s first quantum-safe 5G cellular technology products

Retrieved on: 
Thursday, February 22, 2024

LONDON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and CableFree: Wireless Excellence Ltd (CableFree), a leader in 5G Radio solutions, have today announced the availability of integrated quantum-safe cellular technology products for Private 5G networks using Symmetric Key Agreement.

Key Points: 
  • LONDON, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), a leader in quantum-safe encryption, and CableFree: Wireless Excellence Ltd (CableFree), a leader in 5G Radio solutions, have today announced the availability of integrated quantum-safe cellular technology products for Private 5G networks using Symmetric Key Agreement.
  • Private enterprise networks based on 5G cellular technology are accelerating digital transformation across industries including manufacturing, healthcare, defence and smart cities.
  • The integration of CableFree’s 5G Small Cell Radios with Arqit’s Symmetric Key Agreement encryption technology delivers enhanced security for Private 5G networks and are now available to customers worldwide.
  • Arqit and CableFree representatives will be attending MWC Barcelona (26-29 February 2024) and will be available for interview.

Patria Announces Launch of Infrastructure Private Credit Fund Anchored by BNDES, CAF and IFC

Retrieved on: 
Wednesday, February 21, 2024

"The investment strategy combines the skills and expertise of two important areas within Patria - Infrastructure and Private Credit.

Key Points: 
  • "The investment strategy combines the skills and expertise of two important areas within Patria - Infrastructure and Private Credit.
  • "IFC's investment in the new Patria fund will contribute to increase access to and improve the quality of infrastructure services through private sector participation in capital markets.
  • This is essential for economic growth in a context of limited fiscal space for public investments," said Carlos Leiria Pinto, IFC's Brazil Country Manager.
  • “This is a strategic step that aims to strengthen investments at the regional level and thus have a positive impact directly on these communities.

Ouinex Secures Over $4 Million in Funding Through ICO Seed and Private Rounds

Retrieved on: 
Wednesday, February 21, 2024

Ouinex , a secure and regulated high-speed digital assets trading platform, proudly announces the successful completion of its seed and first private funding rounds, raising over $4 million to date.

Key Points: 
  • Ouinex , a secure and regulated high-speed digital assets trading platform, proudly announces the successful completion of its seed and first private funding rounds, raising over $4 million to date.
  • The Private 1 round, just as the seed round, was exclusively conducted within the Ouinex community, ensuring 100% user involvement in the fundraising process.
  • This dynamic engagement not only brings financial support, but also guarantees Ouinex a dedicated and active user base from day one.
  • The $4 million raised by the seed and private round will be strategically utilized to further develop and enhance the Ouinex platform, and to secure additional regulatory licenses.

OROCO COMPLETES FINAL CLOSING OF NON-BROKERED PRIVATE PLACEMENTS

Retrieved on: 
Tuesday, February 20, 2024

Vancouver, Canada, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising net proceeds of $1,028,000 through the sale of 2,570,000 units at a price of $0.40 per unit.

Key Points: 
  • Vancouver, Canada, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce the closing of a non-brokered private placement (the “Private Placement”) raising net proceeds of $1,028,000 through the sale of 2,570,000 units at a price of $0.40 per unit.
  • Each share purchase warrant entitles the holder to purchase one share at the price of $0.65 per share for a period of 18 months from closing.
  • Commenting on the Private Placement, Richard Lock, CEO, stated: “In completing our recent series of private placements, we are very pleased to have exceeded our overall funding goal of five million dollars, despite the highly adverse market conditions.
  • The Private Placement was carried out under prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange.