Rule

Benjamin Hill Mining Corp. Announces Private Placement of Units

Retrieved on: 
Monday, March 4, 2024
Acquisition, Regulation, Prospectus, Exemption, Part, Rule, CDN, Sale, Exercise, Indian stock exchange, National instrument, Share (finance), BNN, Agent, Offering, Accreditation, Security (finance)

Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).

Key Points: 
  • Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”).
  • The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
  • The issuance of the Common Shares under the Shares for Debt Transaction is subject to acceptance for filing by the CSE.
  • All Common Shares to be issued in connection with the Shares for Debt Transaction will be subject to a four month and one day hold.

Entera Bio Regains Compliance with Nasdaq Minimum Bid Price Requirement

Retrieved on: 
Monday, March 4, 2024
Rule

JERUSALEM, March 04, 2024 (GLOBE NEWSWIRE) -- Entera Bio Ltd. (NASDAQ: ENTX), (“Entera” or the “Company”) a leader in the development of orally delivered peptides, announced today that it received notice from The NASDAQ Stock Market LLC (NASDAQ) on March 1, 2024, informing the Company that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) (the “Rule”) for continued listing on The NASDAQ Capital Market and the matter is now closed.

Key Points: 
  • JERUSALEM, March 04, 2024 (GLOBE NEWSWIRE) -- Entera Bio Ltd. (NASDAQ: ENTX), (“Entera” or the “Company”) a leader in the development of orally delivered peptides, announced today that it received notice from The NASDAQ Stock Market LLC (NASDAQ) on March 1, 2024, informing the Company that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) (the “Rule”) for continued listing on The NASDAQ Capital Market and the matter is now closed.
  • To regain compliance with the Rule, the Company’s ordinary shares were required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days, which was achieved on March 1st, 2024.

West Red Lake Gold Announces Upsize to Previously Announced Private Placement

Retrieved on: 
Friday, March 1, 2024
Prospectus, TSX Venture Exchange, Floor, Rule, Sale, Regulation D, Warrant, Gold, Agent, Unit, Offering, Security (finance)

TORONTO, March 01, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), to increase the size of its previously announced private placement of units (the “Units”) to US$23,000,000 (the “Offering”) from US$20,000,000. The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below) to cover over-allotments, if any.

Key Points: 
  • TORONTO, March 01, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that, due to strong demand, it has agreed with Raymond James Ltd. as lead agent, on behalf of a syndicate of agents (collectively, the “Agents”), to increase the size of its previously announced private placement of units (the “Units”) to US$23,000,000 (the “Offering”) from US$20,000,000.
  • Commencing January 1, 2026, the Company will cause gold to be placed in escrow on a quarterly basis into a gold trust account.
  • The Notes will amortize based on a guaranteed floor price of US$1,800 per ounce of gold (the “Floor Price”).
  • Any excess proceeds by which the gold price exceeds the Floor Price will be paid to investors as a premium.

brooqLy, Inc enters into an Agreement with CIM Securities to raise up to $3,000,000 in Funding

Retrieved on: 
Wednesday, February 28, 2024
CIM, OTC, Common stock, Rule, Regulation D, FINRA, Commission, Broker-dealer, Security (finance)

PALOS HILLS, Ill., Feb. 28, 2024 (GLOBE NEWSWIRE) -- brooqLy, Inc (OTC: BRQL), an innovative technology company, reported today that it has entered into an engagement agreement with CIM Securities, LLC, a FINRA member broker-dealer as the Managing Placement Agent to raise up to $3,000,000 in a Regulation D, Rule 506(c) offering open only to verified accredited investors.

Key Points: 
  • PALOS HILLS, Ill., Feb. 28, 2024 (GLOBE NEWSWIRE) -- brooqLy, Inc (OTC: BRQL), an innovative technology company, reported today that it has entered into an engagement agreement with CIM Securities, LLC, a FINRA member broker-dealer as the Managing Placement Agent to raise up to $3,000,000 in a Regulation D, Rule 506(c) offering open only to verified accredited investors.
  • The shares of Common Stock sold in this Offering will not be registered under the Securities Act of 1933, as amended, in reliance upon an exemption from securities registration afforded by the provisions of Regulation D, and Rule 506(c), as promulgated by the Commission under the Securities Act.
  • Regulation D Rule 506(c) is for accredited investors only.
  • THE PRELIMINARY OFFERING MATERIALS BEING USED BY CIM SECURITIES CAN BE LOCATED ON OUR WEBSITE AT THE FOLLOWING:

West Red Lake Gold Announces a US$20 Million Private Placement of Gold Linked Notes

Retrieved on: 
Tuesday, February 27, 2024
Prospectus, TSX Venture Exchange, Floor, Rule, Sale, Regulation D, Warrant, Indian stock exchange, Gold, Agent, Unit, Offering, Security (finance)

TORONTO, Feb. 27, 2024 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF), is pleased to announce that it has entered into an agreement with Raymond James Ltd. to act as sole bookrunner and lead agent, on behalf of a syndicate of agents (together, the “Agents”), in connection with a marketed “best efforts” private placement of units of the Company (each, a “Unit”) at a price of US$1,000 per Unit (the “Offering Price”) for gross proceeds of US$20,000,000 (the “Offering”). The Agents will have the option to sell up to an additional 15% of the Units offered, exercisable, in whole or in part, at any time up to 48 hours prior to the Closing Date (as defined below) to cover over-allotments, if any.

Key Points: 
  • Each Unit will contain gold-linked notes in the aggregate principal amount of US$1,000 (the “Notes”) and 710 common share purchase warrants (the “Warrants”).
  • Commencing January 1, 2026, the Company will cause gold to be placed in escrow on a quarterly basis into a gold trust account.
  • The Notes will amortize based on a guaranteed floor price of US$1,800 per ounce of gold (the “Floor Price”).
  • Any excess proceeds by which the gold price exceeds the Floor Price will be paid to investors as a premium.

South Plains Financial, Inc. Announces Stock Repurchase Program

Retrieved on: 
Monday, February 26, 2024
Acquisition, Repurchase agreement, Bank, Rule, SPFI, Car rental

LUBBOCK, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) approved a stock repurchase program for up to $10.0 million of the outstanding shares of the Company’s common stock (the “Stock Repurchase Program”).

Key Points: 
  • LUBBOCK, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), today announced that the board of directors of the Company (the “Board”) approved a stock repurchase program for up to $10.0 million of the outstanding shares of the Company’s common stock (the “Stock Repurchase Program”).
  • The Stock Repurchase Program will conclude on February 21, 2025, subject to the earlier termination or extension of the Stock Repurchase Program by the Board or the $10.0 million designated for the Stock Repurchase Program are depleted.
  • As a result, our Board has authorized a $10.0 million stock repurchase program to buy back our own stock, which we believe is currently the most compelling acquisition that we can make in today’s market.”
    Under the Stock Repurchase Program, the Company may repurchase shares of the Company’s common stock from time to time in open market purchases or privately negotiated transactions.
  • The Stock Repurchase Program does not obligate the Company to repurchase any particular number or amount of shares of the Company’s common stock.

C3is Inc. Granted 180-Day Extension by Nasdaq to Regain Compliance With Minimum Bid Price Rule

Retrieved on: 
Thursday, February 22, 2024
Transport, CISS, Rule, Cryptocurrency

If at any time until August 19, 2024, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will regain compliance with the Rule, and the matter will be closed.

Key Points: 
  • If at any time until August 19, 2024, the bid price of the Company’s common stock closes at or above $1.00 per share for a minimum of 10 consecutive trading days, the Company will regain compliance with the Rule, and the matter will be closed.
  • If the Company does not meet the minimum bid price requirement during the additional 180-day grace period, Nasdaq will provide written notification to the Company that its shares will be subject to delisting.
  • There can be no assurance that if the Company does appeal a subsequent delisting determination, that such appeal would be successful.
  • This current notification from Nasdaq has no immediate effect on the listing or trading of the Company’s shares of common stock, which continue to be listed and trade on The Nasdaq Capital Market.

En Banc Fifth Circuit Will Hear NCLA Lawsuit Against Legally Defective Nasdaq Board Diversity Rules

Retrieved on: 
Tuesday, February 20, 2024
En banc, Exchange, Court, Human, Conscience, Disclosure, Constitution, NCLA, Rule, Frolic, Constitutional right, Congress, Public policy, Speech, Supreme court

NCLA welcomes the opportunity to argue this case before the full Fifth Circuit, where we will urge the Court to set these unlawful rules aside.

Key Points: 
  • NCLA welcomes the opportunity to argue this case before the full Fifth Circuit, where we will urge the Court to set these unlawful rules aside.
  • The Court also granted the petition for rehearing en banc filed in the case by the Alliance for Fair Board Recruitment.
  • NCLA looks forward to the en banc Fifth Circuit correcting these glaring errors very soon.
  • NCLA is delighted that the Fifth Circuit has voted to vacate the deeply flawed panel opinion and rehear the case.”

MEDIA ADVISORY: Banking and Financial Services Experts Available to Discuss Consumer Financial Protection Bureau’s New Rule Concerning Credit Card Late Fees

Retrieved on: 
Tuesday, March 5, 2024
Communications, Congressional News, Views, Public Policy, Government, Media, Retail, Small Business, Other Professional Services, Fintech, Legal, Finance, Banking, Accounting, Professional Services, Women, Seniors, Men, Family, Thought Leadership, Consumer, Personal Finance, White House, Federal Government, Other Retail, APR, Federal, Collection, Bureau, Rule, Notice of proposed rulemaking, Supreme court, Federal Reserve, Multimedia, CFPB

James Mann and David Gossett , experienced attorneys and partners at the law firm Davis Wright Tremaine , are available to speak with reporters regarding the Consumer Financial Protection Bureau’s new rule concerning credit card late fees.

Key Points: 
  • James Mann and David Gossett , experienced attorneys and partners at the law firm Davis Wright Tremaine , are available to speak with reporters regarding the Consumer Financial Protection Bureau’s new rule concerning credit card late fees.
  • James and David have prepared the below initial commentary, which can be utilized verbatim in coverage of the rule, and they are also available for interviews.
  • The deep cut in the safe harbor amount may prompt issuers to set their late fees outside the safe harbor.
  • The Rule doesn’t only cut the safe harbor amount; it also denies issuers the right to fully recover their costs through late fees outside the safe harbor.

XP Inc Announces New Share Repurchase Program

Retrieved on: 
Tuesday, February 27, 2024
Software, Insurance, Finance, Asset Management, Consulting, Professional Services, Technology, Fintech, Indian stock exchange, Share repurchase, Security (finance), Rule, XP

XP Inc. (Nasdaq: XP), announced today that its board of directors has approved a new share repurchase program, which aims to neutralize future shareholder dilution due to the vesting of Restricted Stock Units (RSUs) from the Company’s long-term incentive plan.

Key Points: 
  • XP Inc. (Nasdaq: XP), announced today that its board of directors has approved a new share repurchase program, which aims to neutralize future shareholder dilution due to the vesting of Restricted Stock Units (RSUs) from the Company’s long-term incentive plan.
  • Under the approved repurchase program for 2024, XP may repurchase up to 2,500,000 Class A Common Shares within the period commencing on February 28, 2024, and ending on December 27, 2024.
  • XP’s board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the repurchase program.
  • XP expects to utilize its existing cash to fund repurchases made under the repurchase program.