Regional Power (Canadian company)

CNRC TO ACQUIRE INTEREST IN COPPER MINING COMPANY

Retrieved on:

Monday, August 14, 2023

CHARLESTON, W.Va., Aug. 14, 2023 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company"), now known as Cunningham Natural Resources Corp ("CNRC"), announced today that it is acquiring a 10% interest in Kharrouba Copper Company, Inc ("KCC" or "Company") with the potential to increase its position over time.

Key Points:

CHARLESTON, W.Va., Aug. 14, 2023 /PRNewswire/ -- Houston Natural Resources Corp (OTC: HNRC) ("HNRC or the Company"), now known as Cunningham Natural Resources Corp ("CNRC"), announced today that it is acquiring a 10% interest in Kharrouba Copper Company, Inc ("KCC" or "Company") with the potential to increase its position over time.
KCC is a Canadian Company, with growing copper mining and processing operations in the Kingdom of Morocco.
KCC is led by Scott M. Hand, the Executive Chairman of the Company, with over 49 years of experience in the mining industry.
A Bill Gates backed mining company is Silicon Valley's newest unicorn, with a recent investment of US$200 million, to dig for copper and lithium using AI.

SHARC Energy Provides Corporate Update

Retrieved on:

Friday, February 17, 2023

(CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the "Company"), is providing its shareholders a corporate update.

Key Points:

(CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC Energy" or the "Company"), is providing its shareholders a corporate update.
SHARC Energy is pleased to announce that the debt and warrants have been converted and exercised in full.
This provides the Company with a significant increase in working capital, while maintaining the “built-in” dilution, as SHARC Energy continues to deliver and turnover on its growing pipeline.
The NEU targets 70% of its energy supply to come from renewable energy sources with a goal of 100% renewable energy by 2030 as a part of the Climate Emergency Action Plan .

Flower One Closes Canadian Restructuring Transaction and Implements Plan Under the Companies’ Creditors Arrangement Act (Canada)

Retrieved on:

Saturday, December 31, 2022

Cannabis, Natural Resources, Plan, Canadian Securities Exchange, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Regional Power (Canadian company), CSE, Supreme court, CCAA, Monitor, Bankruptcy, THIS, Security (finance), Financial adviser, Audit

To the extent any affected creditor does not receive a distribution by January 13, 2023, it should notify the Canadian Companies and Monitor in accordance with the Plan.

Key Points:

To the extent any affected creditor does not receive a distribution by January 13, 2023, it should notify the Canadian Companies and Monitor in accordance with the Plan.
Shareholders of Flower One will not receive any distributions under the Plan in respect of their equity interests in Flower One.
Pursuant to the Plan, the Canadian Companies will each make an assignment into bankruptcy and, accordingly, Flower One will remain non-compliant with applicable Canadian securities laws and regulations.
Flower One’s trading on the Canadian Securities Exchange (CSE) has been suspended and Flower One is expected to be de-listed from applicable stock exchanges.

RevoluGROUP Canada Inc. Concludes Review of Equity Investment Proposal Submitting Amended Agreement To Potential Acquirers

Retrieved on:

Friday, December 16, 2022

The Company remitted several proposed amendments to the potential Acquirers late afternoon, December 13th.

Key Points:

The Company remitted several proposed amendments to the potential Acquirers late afternoon, December 13th.
In subsequent conversations between the parties, the potential Acquirers are reviewing the contractual adjustments at this time.
While the proposed transaction negotiations advance promisingly, there can be no assurance that any definitive agreement, tender, or investment will be completed, and the December 13th, 2022, amended agreement proposal must be promptly and conscientiously reviewed by the potential acquirers.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. RevoluSEND and RevoluTRANSFER Top 120 Countries Adding United Kingdom, Equity Investment Talks Update, AGM Only Via Zoom

Retrieved on:

Tuesday, December 6, 2022

The Company has concluded the technical integration of the United Kingdom into its platforms and those of white-label partners.

Key Points:

The Company has concluded the technical integration of the United Kingdom into its platforms and those of white-label partners.
The parties continue working towards a final agreement on or before December 8th, 2022, regarding a potential equity investment in the Company.
On November 21st, 2022, the Company issued advice on two official methods for its shareholders to attend the annual AGM on December 16th, 2022.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

RevoluGROUP Canada Inc. Extends Equity Investment Talks Term Sheet Period Until December 8th 2022 Midnight

Retrieved on:

Tuesday, November 29, 2022

The Acquirers and the Company have approved a one-time extension of the term sheet's maximum closing date and the exclusivity term, which now ends at midnight on December 8th, 2022.

Key Points:

The Acquirers and the Company have approved a one-time extension of the term sheet's maximum closing date and the exclusivity term, which now ends at midnight on December 8th, 2022.
Firstly, the parties concluded perhaps the most complicated Documentary Due Diligence phase as per the news release dated November 7 th , 2022 .
Secondly, in continued good faith, the parties signed the Mutual Business Development Strategy addendum on November 25 th , 2022 .
Therefore, the parties have approved the present Term Sheet Period and Exclusivity Extension to permit appropriate time for this crucial conclusive phase in the talks.

RevoluGROUP Canada Inc. Signs Mutual Business Development Strategy Furthering Equity Investment Talks

Retrieved on:

Friday, November 25, 2022

Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.

Key Points:

Today's Business Development Agreement projects a defined mutual understanding and future strategy should the Equity Investment occur.
The parties have agreed to a comprehensive 2-year plan to initiate on the day of the eventual equity acquisition.
Today's advent of approving the mutual underlying business plan is considered a notable continued positive advancement in the talks.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .

Flower One Obtains Meeting Order Under the Companies’ Creditors Arrangement Act (Canada)

Retrieved on:

Saturday, November 26, 2022

During this time, the US operations of Flower One are expected to continue in the ordinary course and without interruption.

Key Points:

During this time, the US operations of Flower One are expected to continue in the ordinary course and without interruption.
As previously reported, PricewaterhouseCoopers Inc. has been appointed to act as the Canadian Companies monitor under the CCAA (in such capacity, the Monitor).
A copy of the Plan, Meeting Order and Meeting materials, including a Notice of Meeting, may be found on the Monitors website at https://www.pwc.com/ca/en/services/insolvency-assignments/flower-one/mee... .
In order to attend the Meeting, affected creditors must contact the Monitor before 9:00 am on December 19, 2022, as set out in the Notice of Meeting.

DAVIDsTEA Recognized as a Great Place to Work® for Second Year

Retrieved on:

Thursday, November 17, 2022

MONTRAL, Nov. 17, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in North America, is pleased to announce that after a thorough and independent analysis, the Company has, for the second year, been recognized as a Great Place to Work by Great Place to Work Institute Canada.

Key Points:

MONTRAL, Nov. 17, 2022 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:DTEA) (DAVIDsTEA or the Company), a leading tea merchant in North America, is pleased to announce that after a thorough and independent analysis, the Company has, for the second year, been recognized as a Great Place to Work by Great Place to Work Institute Canada.
With their focus on wellbeing and mental health, the proudly Canadian Company believes the honour is well-deserved; this is the second year DAVIDsTEA has applied for and obtained the Great Place to Work certification.
Were beyond proud to be a Great Place to Work-certified workplace for the second year in a row, said Sarah Segal, Chief Executive Officer and Chief Brand Officer, DAVIDsTEA.
Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures.

RevoluGROUP Canada Inc. Equity Investment Talks Documentary Due Diligence Concluded

Retrieved on:

Monday, November 7, 2022

In some cases, depending upon the volume of documents petitioned and received, this can often consume significant time.

Key Points:

In some cases, depending upon the volume of documents petitioned and received, this can often consume significant time.
The Company and parties are delighted to have satisfactorily concluded this crucial phase.
The satisfactory completion ahead of schedule of the aforementioned 'Documentary Due Diligence' bodes well for the projected timeframe and positive advancement of the talks.
For further information on RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company's website at www.RevoluGROUP.com .