NOT

Runa Capital II (GP) (“Runa”) Statement by Runa regarding corporate governance concerns at MariaDB plc and shareholder engagement

Retrieved on: 
Thursday, September 28, 2023
MAKE, ACT, The Takeover Panel, Rationalization, Communication, Irish Takeover Panel, NOT, FOR, Central bank, OR, MariaDB, EGM, Central Bank of Ireland, Person, Open position, Schedule, Schedule 13D, MADE, Acquisition, Nature, ANY, FIRM, Davy, Knowledge, IRISH, Security (finance), Runa Capital, Disclosure, Proxy, Holding company, Bank, Cryptocurrency, Property management

Dublin, Ireland, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Runa has, for a number of years, expressed serious concerns regarding the management of (“MariaDB” or the “Company”) by its directors (the “Board”). In that context, Runa has advocated for changes to the Company’s strategic direction, including a rationalization of the Company’s budget and potentially changes in senior roles in the Company. Recently, Runa became aware that the Company intended to engage in a highly dilutive equity transaction to fund its capital needs. Runa believes that such transaction would result in substantial and damaging dilution to shareholders and would not be in the interests of the Company or its shareholders.

Key Points: 
  • Dublin, Ireland, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Runa has, for a number of years, expressed serious concerns regarding the management of (“MariaDB” or the “Company”) by its directors (the “Board”).
  • Recently, Runa became aware that the Company intended to engage in a highly dilutive equity transaction to fund its capital needs.
  • As a result, Runa is considering what further steps it may take to effect strategic change at MariaDB.
  • Runa invites discussion with MariaDB shareholders who share its concerns and are prepared to join it in requisitioning an EGM.

Renewi plc: Response to possible offer announcement by Macquarie

Retrieved on: 
Thursday, September 28, 2023
MAKE, Macquarie Group, NOT, NOR, FOR, Code, DOES, Financial Conduct Authority, CITY, Takeover, Person, Open position, Municipal Securities Rulemaking Board, Panel, MADE, FIRM, ANY, Mergers and acquisitions, United Kingdom, Disclosure, Property management, Tax advisor, Security (finance), Renewi

THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE

Key Points: 
  • THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADE
    The Board of Renewi (the “Board”) notes the recent announcement made by Macquarie Asset Management (“Macquarie”) regarding a possible offer for the Company.
  • The Board confirms that on 25 September it received an unsolicited and highly conditional non-binding proposal from Macquarie in relation to a proposed all-cash offer of 775 pence per Renewi share.
  • The Board of Renewi strongly urges shareholders to take no action at this time.
  • For the purposes of Rule 2.5(a) of the Code, this announcement has been made without the consent of Macquarie.

Fairfax India Announces Intention to Make a Normal Course Issuer Bid

Retrieved on: 
Thursday, September 28, 2023
NOT, FOR, Toronto Stock Exchange, Hierarchy, Issuer, TSX, Security (finance)

TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax India of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems) effective September 30, 2023. Purchases will be made in accordance with the rules and policies of the TSX and the Subordinate Voting Shares purchased by Fairfax India will be cancelled.

Key Points: 
  • NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
    TORONTO, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Fairfax India Holdings Corporation (“Fairfax India”) (TSX: FIH.U) announces that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Fairfax India of its intention to commence a Normal Course Issuer Bid for its Subordinate Voting Shares through the facilities of the TSX (or other alternative Canadian trading systems) effective September 30, 2023.
  • Fairfax India is making this Normal Course Issuer Bid because it believes that in appropriate circumstances its Subordinate Voting Shares represent an attractive investment opportunity and that purchases under the bid will enhance the value of the Subordinate Voting Shares held by the remaining shareholders.
  • Outside of these black-out periods, Subordinate Voting Shares will be purchasable by Fairfax India at its discretion under its Normal Course Issuer Bid.
  • The ASPP is effective as of September 30, 2023 and will terminate on the earliest of the date on which: (a) the maximum annual purchase limit under the Normal Course Issuer Bid has been reached; (b) the Normal Course Issuer Bid expires; or (c) Fairfax India terminates the ASPP in accordance with its terms.

Billion Dollar Intelligent Drone Market Is Booming as Adoption Increases for Wide-Range of Industries

Retrieved on: 
Wednesday, September 27, 2023
Intelligence, PALM, Kratos Defense & Security Solutions, GAAP, Temperature, AeroVironment, Acquisition, Air travel, NEWS, R, News, NYSE, Ambarella Inc., Hypersonix Launch Systems, FNM, FSE, Research, USD, Commander, Growth, Security (finance), XL, Loss, NOT, CSE, AE, Energy Independence and Security Act of 2007, CMO, MAX, Government, Heavy lift, Family, BA, Agriculture, Form 10-K, Super heavy-lift launch vehicle, DART, NEVER, Mining, ANY, Radioisotope Production Facility, UAV, AI, Annual report, Cryptocurrency, Airline, Saskatoon, Boeing

PALM BEACH, Fla., Sept. 27, 2023 /PRNewswire/ -- The intelligent drone market is expected to grow rapidly in the coming years, driven by the increasing adoption of drones in a wide range of industries, including commercial, consumer, and government. Intelligence is a key driver of growth in this market, as it enables drones to perform more complex tasks and operate in more challenging environments. A report from PRAGMA Market Research projected that the Intelligent Drone Market which was valued at USD 19.89 billion in 2022 and is expected to reach USD 57.16 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period.  The report said: "The intelligent drone market is being driven by a number of factors, including: Increasing adoption of drones in commercial and government applications: Drones are increasingly being used in a variety of commercial and government applications, such as aerial photography and videography, surveying and mapping, inspection, and delivery. Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.  Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors. These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment (NASDAQ: AVAV), Boeing (NYSE: BA), Ambarella, Inc. (NASDAQ: AMBA).

Key Points: 
  • Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.
  • Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors.
  • These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.
  • Growing demand for consumer drones: Consumer drones are becoming increasingly popular, and there is significant potential for growth in this market.

Billion Dollar Intelligent Drone Market Is Booming as Adoption Increases for Wide-Range of Industries

Retrieved on: 
Wednesday, September 27, 2023
Intelligence, PALM, Kratos Defense & Security Solutions, GAAP, Temperature, AeroVironment, Acquisition, Air travel, NEWS, R, News, NYSE, Ambarella Inc., Hypersonix Launch Systems, FNM, FSE, Research, USD, Commander, Growth, Security (finance), XL, Loss, NOT, CSE, AE, Energy Independence and Security Act of 2007, CMO, MAX, Government, Heavy lift, Family, BA, Agriculture, Form 10-K, Super heavy-lift launch vehicle, DART, NEVER, Mining, ANY, Radioisotope Production Facility, UAV, AI, Annual report, Cryptocurrency, Airline, Saskatoon, Boeing

PALM BEACH, Fla., Sept. 27, 2023 /PRNewswire/ -- The intelligent drone market is expected to grow rapidly in the coming years, driven by the increasing adoption of drones in a wide range of industries, including commercial, consumer, and government. Intelligence is a key driver of growth in this market, as it enables drones to perform more complex tasks and operate in more challenging environments. A report from PRAGMA Market Research projected that the Intelligent Drone Market which was valued at USD 19.89 billion in 2022 and is expected to reach USD 57.16 billion by 2030, growing at a compound annual growth rate (CAGR) of 13% during the forecast period.  The report said: "The intelligent drone market is being driven by a number of factors, including: Increasing adoption of drones in commercial and government applications: Drones are increasingly being used in a variety of commercial and government applications, such as aerial photography and videography, surveying and mapping, inspection, and delivery. Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.  Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors. These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment (NASDAQ: AVAV), Boeing (NYSE: BA), Ambarella, Inc. (NASDAQ: AMBA).

Key Points: 
  • Intelligent drones are particularly well-suited for these applications, as they can perform tasks more efficiently and accurately than traditional methods.
  • Development of new and innovative drone technologies: Drone manufacturers are constantly developing new and innovative technologies, such as improved autopilot systems, obstacle avoidance systems, and sensors.
  • These technological advancements are making drones more capable and easier to use, which is driving demand for intelligent drones.
  • Growing demand for consumer drones: Consumer drones are becoming increasingly popular, and there is significant potential for growth in this market.

Runa Capital II (GP) (“Runa”) Further statement re possible offer for MariaDB plc (“MariaDB” or the “Company”) Increased proposal to provide up to US$20 million in bridge financing

Retrieved on: 
Wednesday, September 27, 2023
MAKE, ACT, FOR, MariaDB, Central Bank of Ireland, A (Cyrillic), Davy, EIB, Runa Capital, The Takeover Panel, Letter, OR, Open position, FIRM, Knowledge, Disclosure, Irish Takeover Panel, NOT, Commitment, Documentation, Investment banking, Fund, Central bank, Person, MADE, Nature, ANY, IRISH, Holding company, Bank, Security (finance), Lease, Property management, Note

Dublin, Ireland, Sept. 26, 2023 (GLOBE NEWSWIRE) --  On 15 September 2023, Runa announced that it made an all cash proposal to the directors of MariaDB (the “Board”) to acquire, together with Runa’s investment affiliates, 100% of the issued share capital of the Company not already owned by Runa, at a price of US$0.56 per share (the “Possible Offer”). In that announcement, Runa noted the impending default of the Company under its senior debt and indicated that it was prepared, as an interim measure, to extend to the Company a US$5 million bridge loan on terms to be agreed between the parties.

Key Points: 
  • The Commitment Letter and its terms will expire if not fully executed by the Company on or prior to 29 September 2023.
  • In addition, the Company will pay Runa an origination fee of 0.5% of the loan amount.
  • This announcement does not constitute an offer to sell or invitation to purchase any securities.
  • Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.

Peyto Announces Closing of Equity Financing

Retrieved on: 
Tuesday, September 26, 2023
Exercise, Watersheds of North America, Uncertainty, BMO Capital Markets, Indian stock exchange, NOT, CDN, FOR, Toronto Stock Exchange, Risk, Seasoned equity offering, Equity, National Bank of Canada, Prospectus, WIRE, Acquisition, Village of Arlington Heights v. Metropolitan Housing Development Corp., NEWS, Repsol, News, Security (finance), Mail, Peyto

CALGARY, Alberta, Sept. 26, 2023 (GLOBE NEWSWIRE) -- Peyto Exploration & Development Corp. ("Peyto" or the "Company") is pleased to announce that it has completed its previously announced bought deal equity financing, issuing 16,916,500 subscription receipts (the "Subscription Receipts") at a price of $11.90 per Subscription Receipt for gross proceeds of approximately $201 million (the "Equity Offering"), which included the full exercise of the over-allotment option granted to the underwriters. The bought deal offering was completed through a syndicate of underwriters led by BMO Capital Markets, CIBC Capital Markets and National Bank Financial. The gross proceeds from the Equity Offering, less the portion of the underwriters’ fee that is payable on the closing of the Equity Offering, will be held in escrow and are intended to be used by Peyto to fund a portion of the purchase price for the acquisition of Repsol Canada Energy Partnership, which holds the Canadian upstream oil and gas business of Repsol Exploración, S.A.U., including all related midstream facilities and infrastructure located predominantly in the Deep Basin area of Alberta, for cash consideration of US$468 million (CDN$636 million) (the "Acquisition"), prior to closing adjustments. The Acquisition is expected to close in mid-October, subject to customary closing conditions, including receipt of necessary regulatory approvals.

Key Points: 
  • The Acquisition is expected to close in mid-October, subject to customary closing conditions, including receipt of necessary regulatory approvals.
  • Each Subscription Receipt will entitle the holder to receive, without payment of additional consideration and without further action, one common share of Peyto (a "Common Share") upon the closing of the Acquisition.
  • Peyto has previously announced that a monthly dividend of $0.11 per Common Share is to be paid on October 13, 2023, for shareholders of record on September 30, 2023.
  • Peyto does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law.

TRILLION ENERGY ANNOUNCES 2024 GUIDANCE

Retrieved on: 
Monday, September 25, 2023
Çayağzı, NOT, CSE, FOR, ESP, Perforation, Trillion, Water

Vancouver, BC, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. ("Trillion", or the "Company") (CSE: TCF) (OTCQB: TRLED) (Frankfurt: Z62) is pleased to provide an update on the SASB gas project, announce its 2024 capital budget and provide production guidance. All dollar amounts are in United States dollars and all production volumes are on a working interest basis unless otherwise stated.

Key Points: 
  • NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
    Vancouver, BC, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Trillion Energy International Inc. ("Trillion", or the "Company") (CSE: TCF) (OTCQB: TRLED) (Frankfurt: Z62) is pleased to provide an update on the SASB gas project, announce its 2024 capital budget and provide production guidance.
  • All dollar amounts are in United States dollars and all production volumes are on a working interest basis unless otherwise stated.
  • Trillion is currently undertaking a work program to optimize production on the SASB Field to ensure all 6 previously drilled and completed wells are able to produce concurrently on a managed basis.
  • Based on completing the above optimized production operations, Trillion anticipates the following combined production rate from the six wells:

Terra Balcanica Completes Phase II Drilling at Viogor-Zanik Project In Bosnia And Closes Private Placement Financing

Retrieved on: 
Monday, September 25, 2023
Indian stock exchange, NOT, CSE, FOR, Horizontal drillhole disposal, Private, Brežani, Unit, QA/QC, TERA, See, FRA, Regulation, Soil, Offering, Anomaly, Terra, Phase, ALS, News, Rare-earth element, Copper, Cryptocurrency, Security (finance)

Vancouver, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Terra Balcanica Resources Corp. (“Terra” or the “Company”) (CSE:TERA; FRA:UB1) is pleased to announce closing of the final tranche of its non-brokered private placement financing (the “Offering”) of units (the ”Units”) for total gross proceeds of $1,212,778. The Company further announces that it has completed the 2,000 m, Phase II drill program at the flagship, 216 km2 Viogor-Zanik project (the “Project”) in eastern Bosnia and Herzegovina.

Key Points: 
  • The Company further announces that it has completed the 2,000 m, Phase II drill program at the flagship, 216 km2 Viogor-Zanik project (the “Project”) in eastern Bosnia and Herzegovina.
  • In total, 17 diamond drill holes were completed during the 2023 Phase II campaign totalling approximately 2,000 m with a significant number of them macroscopically exhibiting sulphide mineralization.
  • Terra Balcanica CEO, Dr. Aleksandar Mišković, commented: “The conclusion of exploration drilling perfectly coincided with the closing of the private placement financing.
  • Terra used the net proceeds of the Offering for working capital and to finance the Phase II drilling of the two target zones in Bosnia and Herzegovina.

Wildfire Smoke Provides Stark Reminder of Challenges Faced by Canadian Pulmonary Fibrosis Patients

Retrieved on: 
Monday, September 18, 2023
Exercise, Pulmonary fibrosis, NOT, Interview, Life, Wildfire, Oxygen, Quality of life, Patient, Diagnosis, Shoe, CPFF, PF, Pucker Up, Disease, Nursing, Health insurance, Health care, Residential care, Medical device, Aluminium, Engineered wood

Many of Canada's 30,000 PF patients who struggle to breathe, can't get the oxygen they need.

Key Points: 
  • Pulmonary fibrosis looms large over the lives of patients and their families, killing more than 3,000 Canadians annually, with more than 14,000 new patients expected to be diagnosed in 2023.
  • Calgary resident Stan Hendriksen explains how excruciating it is for PF patients to breathe every day.
  • More than 30,000 Canadians with pulmonary fibrosis understand and relate to the first-hand accounts of these PF patients.
  • Check out the Canadian Pulmonary Fibrosis Foundation web site or contact [email protected] .