Fund for Protection of Investors' Rights in Foreign States

Bernstein Litowitz Berger & Grossman LLP and Friedman Oster & Tejtel PLLC Announce Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action Involving Holders of R1 RCM Inc. Common Stock from August 18, 2020, Through the Close

Retrieved on: 
Friday, October 27, 2023
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Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.R1StockholdersLitigation.com .

Key Points: 
  • Certain persons and entities are excluded from the Settlement Class by definition, as set forth in the full Notice of Pendency and Proposed Settlement of Stockholder Class and Derivative Action, Settlement Hearing, and Right to Appear (the "Notice"), available at www.R1StockholdersLitigation.com .
  • your rights will be affected by a class and derivative action lawsuit pending in this court.
  • As explained in further detail in the Notice, Eligible Class Members do not have to submit a claim form to receive a payment from the Net Class Settlement Fund.
  • All questions about this Summary Notice, the proposed Settlement, or your eligibility to participate in the Settlement should be directed to the Settlement Administrator or Lead Counsel.

McEwen Copper Closes ARS $42 Billion Investment by Stellantis

Retrieved on: 
Wednesday, October 11, 2023
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Stellantis N.V. (“Stellantis”), which in February 2023 invested ARS $30 billion, has today invested an additional ARS $42 billion in Argentina to acquire shares of McEwen Copper in a private placement of 1,900,000 common shares.

Key Points: 
  • Stellantis N.V. (“Stellantis”), which in February 2023 invested ARS $30 billion, has today invested an additional ARS $42 billion in Argentina to acquire shares of McEwen Copper in a private placement of 1,900,000 common shares.
  • Giving effect to the pending investment by Nuton LLC, also announced today, Stellantis increases its ownership to 19.4% of McEwen Copper and McEwen Mining owns 47.7% on a fully diluted basis.
  • In connection with the Transaction, McEwen Copper and certain of its affiliates amended the Investor Rights Agreement with Stellantis (the "Stellantis IRA”) and the Copper Cathodes and Concentrates Purchase Rights Agreement (the “CCCPRA”), further described below.
  • The Stellantis IRA was amended to make the Carbon Neutral Commitment by 2028 not contingent on Stellantis maintaining a certain minimum ownership percentage in McEwen Copper.

Clip Money Inc. Closes Strategic Investment led by Cardtronics, Inc. (a wholly owned subsidiary of NCR Corporation)

Retrieved on: 
Friday, September 22, 2023
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Cardtronics, Inc. (“Cardtronics”), a wholly-owned subsidiary of NCR Corporation (NYSE:NCR), subscribed for the entire Equity Financing and US$5,100,000 of the Convertible Note Financing, for a combined US$10,000,000 investment in the Company.

Key Points: 
  • Cardtronics, Inc. (“Cardtronics”), a wholly-owned subsidiary of NCR Corporation (NYSE:NCR), subscribed for the entire Equity Financing and US$5,100,000 of the Convertible Note Financing, for a combined US$10,000,000 investment in the Company.
  • “This partnership with NCR seamlessly complements Clip Money's existing deposit network, which is primarily situated within shopping malls and prominent big box retailers.
  • No accrued interest shall be paid on any part of the Convertible Notes that is converted into Common Shares.
  • The Clip Money board of directors has determined that the Secondary Investor Transaction is in the best interests of the Company.

Black Rifle Coffee Appoints Stephen Kadenacy as Chief Financial Officer

Retrieved on: 
Monday, September 11, 2023
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BRC Inc., the parent company of Black Rifle Coffee Company (NYSE: BRCC) (“BRCC” or the “Company”), a rapidly growing and mission-driven coffee company founded to support Veterans, active-duty military, and first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced the appointment of Stephen Kadenacy as Chief Financial Officer.

Key Points: 
  • BRC Inc., the parent company of Black Rifle Coffee Company (NYSE: BRCC) (“BRCC” or the “Company”), a rapidly growing and mission-driven coffee company founded to support Veterans, active-duty military, and first responders and serve a broad customer base by connecting consumers with great coffee and a unique brand experience, today announced the appointment of Stephen Kadenacy as Chief Financial Officer.
  • Previously, he held leadership roles at AECOM, a global engineering and technical services company, including serving as President, Chief Operating Officer, and Chief Financial Officer.
  • Mr. Kadenacy holds a bachelor’s degree in economics from UCLA and an MBA from USC.
  • “Today is an exciting day at Black Rifle Coffee and, on behalf of the Board and leadership team, I welcome Steve to the BRCC team,” said Evan Hafer, Founder and Co-CEO of Black Rifle Coffee.

Osisko Metals Announces Successful Closing of Previously-Announced Acquisition of the Gaspé Copper Project

Retrieved on: 
Monday, July 17, 2023
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Robert Wares, Chairman & CEO of Osisko Metals, commented: "The acquisition of the Gaspé Copper Project is a milestone for the Company that provides shareholders with significant copper exposure in the mining-friendly province of Québec.

Key Points: 
  • Robert Wares, Chairman & CEO of Osisko Metals, commented: "The acquisition of the Gaspé Copper Project is a milestone for the Company that provides shareholders with significant copper exposure in the mining-friendly province of Québec.
  • Glencore did not own or control, directly or indirectly, any securities of Osisko Metals immediately prior to the closing of the Transaction.
  • Osisko Metals will make a cash payment of US$20.0 million to Glencore upon the commencement of commercial production at Gaspé Copper.
  • Osisko Metals has entered into an offtake agreement with Glencore to purchase 100% of the concentrates produced at Gaspé Copper.

CHAR Technologies Announces C$6.6M Strategic Investment by ArcelorMittal and Annual Biocarbon Purchase Agreement

Retrieved on: 
Wednesday, July 5, 2023
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CHAR also signed a Memorandum of Understanding under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s cutting-edge facility in Thorold, Ontario starting in 2023.

Key Points: 
  • CHAR also signed a Memorandum of Understanding under which ArcelorMittal Dofasco will purchase ‎biocarbon produced at CHAR’s cutting-edge facility in Thorold, Ontario starting in 2023.
  • ArcelorMittal’s investment in CHAR marks the Fund’s seventh global investment and first ever in a Canadian company.
  • The XCarb® Innovation Fund investment will be utilized to maximize the impact of the Canadian and Ontario governments’ December 2022 investment of C$12.8M in CHAR.
  • In the future, ArcelorMittal may, from time to time, increase or decrease its investment in CHAR through market transactions, private arrangements, treasury issuances or otherwise.

Aldebaran Announces Closing of Top-Up Financing by South32

Retrieved on: 
Wednesday, June 14, 2023
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VANCOUVER, British Columbia, June 14, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce it has completed its previously announced top-up financing with a subsidiary of South32 Limited (“South32”).

Key Points: 
  • VANCOUVER, British Columbia, June 14, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF), is pleased to announce it has completed its previously announced top-up financing with a subsidiary of South32 Limited (“South32”).
  • South32 elected to exercise its anti-dilution rights to maintain a 9.9% equity interest in the Company following the exercise of warrants announced on May 5, 2023.
  • South32 acquired 970,000 common shares (the “Common Shares”) at a price of $0.73 per Common Share for total proceeds of $708,100.
  • The Common Shares issued pursuant to this financing will be subject to a four month hold period in accordance with applicable securities laws.

Aldebaran Announces South32 Has Elected to Exercise Its Top-Up Right to Maintain A 9.9% Equity Interest

Retrieved on: 
Thursday, May 18, 2023
OTCQX, Exercise, Fund for Protection of Investors' Rights in Foreign States, CAD, News, Security (finance), Aldebaran, South32

VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF) reports that a wholly owned subsidiary of South32 Limited (“South32”) has elected to exercise its top-up right to maintain a 9.9% equity interest in Aldebaran.

Key Points: 
  • VANCOUVER, British Columbia, May 18, 2023 (GLOBE NEWSWIRE) -- Aldebaran Resources Inc. (“Aldebaran” or the “Company”) (TSX-V: ALDE, OTCQX: ADBRF) reports that a wholly owned subsidiary of South32 Limited (“South32”) has elected to exercise its top-up right to maintain a 9.9% equity interest in Aldebaran.
  • This top-up right resulted from the warrant exercise that was announced on May 5, 2023, which diluted South32 below its 9.9% position.
  • Under the terms of the Investor Rights Agreement between Aldebaran and South32, the subscription price for this top-up is equal to the five-day volume weighted average price prior to South32 notifying the Company of its decision to exercise its right.
  • The net result is that South32 will acquire 970,000 common shares at a price of $0.73 for gross proceeds to the Company of CAD$708,100.

Prairie Provident Resources Announces Transformative Recapitalization Transactions

Retrieved on: 
Wednesday, March 29, 2023
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Going forward, completion of the Recapitalization is expected to provide Prairie Provident with a sustainable capital structure and the capital resources necessary to optimize its current producing assets as well as develop its currently undeveloped land base, for the benefit of all stakeholders.

Key Points: 
  • Going forward, completion of the Recapitalization is expected to provide Prairie Provident with a sustainable capital structure and the capital resources necessary to optimize its current producing assets as well as develop its currently undeveloped land base, for the benefit of all stakeholders.
  • In recent years, Prairie Provident has faced an increasingly challenging lack of liquidity and deteriorating capital resource position.
  • Prairie Provident intends to close the Equity Financing as soon as possible in order to address its near-term working capital needs.
  • As the Noteholder will, after giving effect to the Subordinated Notes Conversion, Warrant Exercise and Equity Financing, hold more than 80% of the outstanding Common Shares after the Recapitalization, the Noteholder will be a 'control person' of Prairie Provident under applicable Canadian securities laws, and the Recapitalization will materially affect control of Prairie Provident within the meaning of TSX rules.

NORTHSTAR GAMING HOLDINGS INC. (FORMERLY BADEN RESOURCES INC.) ANNOUNCES COMPLETION OF REVERSE TAKEOVER TRANSACTION AND FILING OF FORM 2B WITH THE TSX VENTURE EXCHANGE

Retrieved on: 
Friday, March 3, 2023
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The Company will issue an updated release upon the issuance of the trading bulletin by the TSX-V confirming the trading date.

Key Points: 
  • The Company will issue an updated release upon the issuance of the trading bulletin by the TSX-V confirming the trading date.
  • On December 19, 2022, NorthStar completed a non-brokered private placement of unsecured convertible debentures (the "Debenture") with Playtech plc ("Playtech") for gross proceeds of C$12.25M.
  • As at the date hereof, Playtech is entitled to nominate one (1) individual to be a director of the Company.
  • The Company common shares held by the Tevir Entities and their associates and affiliates are also subject to the Escrow Agreement.