Province

COPL Announces CCAA Application and Suspension of Trading in the Company's Shares

Retrieved on: 
Monday, March 11, 2024
Province, COPL, AB, London Stock Exchange, LLP, CCAA, DIP, XOP, Security (finance)

The Initial Order would provide for, among other things, a stay of proceedings in favour of the COPL Group, approval of debtor-in-possession financing ("DIP Financing") and the appointment of KSV Restructuring Inc. to serve as monitor of the COPL Group (in such capacity, the "Monitor").

Key Points: 
  • The Initial Order would provide for, among other things, a stay of proceedings in favour of the COPL Group, approval of debtor-in-possession financing ("DIP Financing") and the appointment of KSV Restructuring Inc. to serve as monitor of the COPL Group (in such capacity, the "Monitor").
  • In light of the application for the Initial Order, the Company has requested a suspension of trading in the Company's common shares on both the London Stock Exchange and the Canadian Securities Exchange with immediate effect.
  • The COPL Group will continue its day-to-day operations as usual and intends to continue paying its critical suppliers in the ordinary course during the CCAA proceedings.
  • As previously announced, Peter Kravitz of Province Fiduciary Services is serving as COPL's Chief Restructuring Officer.

Ad Hoc Committee of Province of La Rioja Bondholders Responds to the Province's Recent Announcement Regarding Payments under its Green Bond

Retrieved on: 
Tuesday, February 27, 2024
Mining, Investment, Sale, Government, Green bond, Behavior, PEA, Province, Lithium, Wind, Security (finance)

In fact, the problem with the Province is the disdain of its government for complying with legal and contractual obligations.

Key Points: 
  • In fact, the problem with the Province is the disdain of its government for complying with legal and contractual obligations.
  • The majority of proceeds from issuance of the Green Bonds were invested by the Province in its wind farm projects under Parque Eolico Arauco S.A. ("PEA").
  • The Ad Hoc Group calls on the Province to change its approach and honor its contractual obligations.
  • The Ad Hoc Group reserves its right to take prompt legal action against the Province if payment of both interest and principal is not made without further delay.

TRREB: Tighter Market Conditions in January 2024 When Compared to the Previous Year

Retrieved on: 
Tuesday, February 6, 2024
Policy, Growth, Bank of Canada, Superintendent, Pressure, Research, Housing, Tax, OSFI, Composite, Financial institution, HPI, Bank, GTA, Province, Movement, Real estate

The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.

Key Points: 
  • The resulting tighter market conditions when compared to the same period a year earlier, potentially points toward renewed price growth as we move into the spring market.
  • There were 4,223 sales reported through TRREB’s MLS® System in January 2024 – an increase of more than one-third compared to January 2022.
  • Stronger sales growth relative to listings suggests buyers experienced tighter market conditions compared to a year ago.
  • On Thursday, February 8, TRREB is releasing its 2024 Market Outlook and Year in Review report and digital digest.

COPL Announces US$2.5 Million Equity Financing, Execution of Forbearance Agreement with Senior Lender and Appointment of Chief Restructuring Officer

Retrieved on: 
Friday, December 29, 2023
AB, Funding, Sale, Indian stock exchange, NGL, Financial Conduct Authority, COPL, XOP, Province, Treasury, Subscription business model, Forbearance, Minority, Parity, Exercise, Security (finance)

Other terms of the Financing include:

Key Points: 
  • Other terms of the Financing include:
    Completion of the Financing is expected by January 15, 2024 and is intended to be used for working capital purposes.
  • The conversion price of the Bonds will be amended to the Subscription Price per conversion share.
  • The Company will appoint one additional independent non-executive director to be nominated by the Purchaser by no later than 31 March 2024.
  • In concert with the Financing, COPL and its affiliates entered into a Forbearance Agreement with its existing Senior Credit Facility Lender and appointed Peter Kravitz of Province Fiduciary Services as Chief Restructuring Officer.

The Province of Tierra del Fuego Extends Expiration Time of its Consent Solicitation

Retrieved on: 
Tuesday, December 12, 2023
MAKE, Sale, Expiration, Projection, DEL, Supplement, FINANCIAL, Business, Solicitation, Information, Security (finance), Note, Consent, Settlement date, Communication, EACH, Eric Holder, Table (information), Telephone, AND, Property management, Life insurance, Publishing, Province

TIERRA DEL FUEGO, Argentina, Dec. 11, 2023 /PRNewswire/ -- The Province of Tierra del Fuego (the "Province") today announced that as of 5:00 p.m. (New York City time) on December 11, 2023, 69.36% of holders of Outstanding (as defined below) Notes had validly delivered consents pursuant to the Consent Solicitation. In order to provide Eligible Holders who have not yet participated with additional time to consider and participate in the Consent Solicitation, the Province has extended the Expiration Time of its Consent Solicitations from Eligible Holders of Notes made upon the terms and subject to the conditions set forth in the Province's most recently amended and restated consent solicitation statement dated November 13, 2023 (as it may be amended or supplemented from time to time, the "Consent Solicitation Statement") from 5:00 p.m. (New York City time) on December 11, 2023, to the earlier of (i) 5:00 p.m. (New York City time) on December 22, 2023, and (ii) such date and time as notified by the Province in its sole discretion that valid Consents from Holders of 75% in aggregate principal amount of the Outstanding Notes (the "Requisite Consents") have been validly delivered and accepted pursuant to the terms of the Consent Solicitation Statement, and the other conditions described in the Consent Solicitation Statement have been satisfied or, where possible, waived, unless further extended or earlier terminated by the Province.  Upon achieving the Requisite Consents, the Province will provide notice to holders that the Expiration Time shall occur on the immediately following Business Day thereafter. Capitalized terms used herein but not defined shall have the meaning assigned to them in the Consent Solicitation Statement.

Key Points: 
  • Capitalized terms used herein but not defined shall have the meaning assigned to them in the Consent Solicitation Statement.
  • The Province has engaged BCP Securities, Inc. and Puente Servicios de Inversión S.A. to act as international consent solicitation agents and Puente Hnos.
  • The Consent Solicitation is only being made pursuant to the Consent Solicitation Statement.
  • If a jurisdiction requires that the Consent Solicitation be made by a licensed broker or agent and the Consent Solicitation Agents or any affiliate of the Consent Solicitation Agents is a licensed broker or agent in that jurisdiction, the Consent Solicitation shall be deemed to be made by the Consent Solicitation Agents or such affiliate on behalf of the Province in that jurisdiction.

The Rental Protection Fund Highlights Its Immediate Demand in First Official Report

Retrieved on: 
Tuesday, October 31, 2023
Housing, Acquisition, Fear, Tenant, Social services, Environment, Community housing in Australia, Risk, Province, Fund, Property management

VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Today, the Rental Protection Fund (the “Fund”) unveiled its inaugural Impact Report to the Province.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Today, the Rental Protection Fund (the “Fund”) unveiled its inaugural Impact Report to the Province.
  • This report highlights the immediate demand for the community-led preservation of existing, at-risk rental housing across British Columbia and summarizes the considerable progress made toward this goal to date.
  • Since opening applications in July 2023, the Rental Protection Fund has received more than 70 applications from the community housing sector, spotlighting the overwhelming demand for the Fund’s services.
  • The Rental Protection Fund has a mandate to deploy the $500 million to secure 2,000+ units over three years.

Saudi Fund for Development Signs $100 Million Loan Agreement to Support the Water Sector in Argentina

Retrieved on: 
Wednesday, November 1, 2023
Construction & Property, Finance, Urban Planning, Utilities, Banking, Professional Services, Building Systems, Energy, Other Construction & Property, Sanitation, Water, SFD, Health, SDG, US, Public works, Developed country, Multimedia, Province, Economic development, Hygiene, UN, Public service, Economy, Renewable energy, Coronda

Sultan Al-Marshad, signed today, a new development loan agreement marking the Fund’s first presence in the country, worth USD $100 million with the Province Governor of Córdoba, H.E.

Key Points: 
  • Sultan Al-Marshad, signed today, a new development loan agreement marking the Fund’s first presence in the country, worth USD $100 million with the Province Governor of Córdoba, H.E.
  • Omar Perotti, to help fund the Interprovincial Aqueduct Santa Fe - Córdoba Project (Phase 1, Block B-C) in Argentina, through SFD.
  • This agreement will boost Argentina’s economy by supporting potable water development in Santa Fe and Córdoba, creating jobs, and advancing socio-economic development.
  • In line with its mission to promote global sustainable development since 1975, SFD has funded more than 750 development projects worth US$20 billion in over 90 countries around world.

Government of Canada, British Columbia and the First Nations Leadership Council sign a historic tripartite nature conservation framework agreement

Retrieved on: 
Friday, November 3, 2023
Pressure, Face, Indigenous self-government in Canada, G3, Exercise, Framework agreement, First Nations, Environment, Risk, Partnership, Beauty, DRIPA, Nature, The Honourable, Health, United Nations, Framework, COFI, Leadership Council, Ecosystem, Indigenous peoples, Investment, Agreement, Water, Declaration on the Rights of Indigenous Peoples, Government, Food, Committee, Federation, Social Union Framework Agreement, The Wilderness Society, Climate change, Collaboration, UNDRIP, Biodiversity, PFP, Wildfire, Forest, Union, United Nations Declaration on the Rights of Indigenous Peoples Act (Canada), Province, Guardian, FNLC, Agriculture, Forestry, Management, Property management, Crown, Rights, Syilx

To support the commitments in the Tripartite Framework Agreement on Nature Conservation (the Framework Agreement), the Government of Canada is investing up to $500 million over the life of the Framework Agreement, which matches commitments from the Government of British Columbia.

Key Points: 
  • To support the commitments in the Tripartite Framework Agreement on Nature Conservation (the Framework Agreement), the Government of Canada is investing up to $500 million over the life of the Framework Agreement, which matches commitments from the Government of British Columbia.
  • Moving forward, the Tripartite Framework Agreement on Nature Conservation will serve as a model of collaboration with First Nations to halt and reverse the loss of nature.
  • "The Tripartite Framework Agreement on Nature Conservation is a groundbreaking commitment by the First Nations Leadership Council, the government of British Columbia, and the government of Canada to work together to ensure that this province's rich biodiversity is restored and maintained for future generations.
  • The Tripartite Framework Agreement on Nature Conservation, should it meet its stated objectives, is historic and imperative.

The Province of Tierra del Fuego Announces Commencement of Consent Solicitation

Retrieved on: 
Friday, October 27, 2023
Trigger, MAKE, Reserve (accounting), Potential, Communication, Personal Property Security Act (Canada), Sale, Solicitation, Telephone, Late, Collection, Expiration, FINANCIAL, Regulation, Consent, Person, Financial adviser, Interest, Central Bank of Myanmar, EACH, AND, Convention to propose amendments to the United States Constitution, Collateral, Trustee, Information, Projection, Settlement date, Certificate, Date, Central bank, Table (information), Business, Dynamic consent, SEC Rule 144A, Life insurance, Security (finance), Lease, Publishing, Insurance, Medical device, Bank, Property management, Default, Indenture, Note, Province, Eligibility

In accordance with the terms of the Indenture, the Province requires the Requisite Consents to successfully consummate the Consent Solicitation.

Key Points: 
  • In accordance with the terms of the Indenture, the Province requires the Requisite Consents to successfully consummate the Consent Solicitation.
  • The Province also reserves the right in its sole discretion to shorten the Consent Solicitation, as described above.
  • The Consent Solicitation is only being made pursuant to the Consent Solicitation Statement.
  • If a jurisdiction requires that the Consent Solicitation be made by a licensed broker or agent and the Consent Solicitation Agents or any affiliate of the Consent Solicitation Agents is a licensed broker or agent in that jurisdiction, the Consent Solicitation shall be deemed to be made by the Consent Solicitation Agents or such affiliate on behalf of the Province in that jurisdiction.

Emergent Waste Solutions Inc. and Nu-E CORP. sign an MOU to Collaborate on Solar Electricity to Power EWS’ Next Generation Thermolysis Plant

Retrieved on: 
Thursday, October 12, 2023
Hydrogen, Patent, Partnership, MOU, Power purchase agreement, Plant, Agriculture, Carbon, Electricity, Green hydrogen, EWS, Province, ATS, Methanol, Negotiation, Diesel fuel, Renewable energy, Real estate, Western Canada

This green biogas will subsequently be converted into green methanol as a store of hydrogen for use in fuel cells.

Key Points: 
  • This green biogas will subsequently be converted into green methanol as a store of hydrogen for use in fuel cells.
  • EWS has a proprietary and patent pending Advanced Thermolysis Technology (“ATS”) that generates valuable products from carbon-based waste material, including that generated by the agriculture and forest industries.
  • Each of the parties will operate independently but will collaborate to and work towards negotiating a Power Purchase Agreement for electricity to be generated by solar.
  • Nu-E's solar power generation expertise will complement EWS's technology perfectly, and together we can help create a cleaner and more sustainable future.