Legal documents

Sunniva Inc. Announces Termination Of Sale Agreement With Respect To Previously Announced Sale Of Its Okanagan Falls Property

Monday, July 6, 2020 - 12:30pm

Ltd. ("1167025") did not receive confirmation of the waiver of conditions on July 2, 2020 with respect to the previously announced sale of its property at Okanagan Falls, British Columbia (the "Sales Agreement"), between 1167025 B.C.

Key Points: 
  • Ltd. ("1167025") did not receive confirmation of the waiver of conditions on July 2, 2020 with respect to the previously announced sale of its property at Okanagan Falls, British Columbia (the "Sales Agreement"), between 1167025 B.C.
  • As per the Sales Agreement, the failure to waive or fulfill any of the conditions will cause the contract to be terminated.
  • On July 3, 2020, the Buyer advised the Company that it does not intend to proceed with the purchase of the property.
  • With respect to forward-looking information and statements contained herein, Sunniva has made numerous assumptions including, among other things, assumptions about general business and economic conditions.

Top Strike Announces Issuance of US$1.3 Million in convertible debentures and the purchase of a US$1.3 Million Convertible Note issued by Galenas LLC

Friday, July 3, 2020 - 12:00pm

The Company may force conversion if the Company's 20-day VWAP equals or exceeds US$0.075 per Share.

Key Points: 
  • The Company may force conversion if the Company's 20-day VWAP equals or exceeds US$0.075 per Share.
  • Proceeds from the Debenture will be used to purchase from the Holder a convertible promissory note, issued by Galenas LLC ("Galenas"), with a face value of US$1.3 million, interest of US$10,400 payable monthly, and maturing on August 1, 2021 (the "$1.3 MM Galenas Note").
  • The $1.3 MM Galenas Note is convertible, upon the holder's option and subject to regulatory approvals, into 223 membership units of Galenas, which represents approximately a 10.3% equity interest.
  • David McGorman, Chief Executive Officer of Vencanna, stated: "We continue to support Galenas and are excited about the prospects of the Ohio market.

InMed Announces Completion of Share Consolidation

Tuesday, June 30, 2020 - 11:18pm

No fractional shares will be issued as a result of the Consolidation.

Key Points: 
  • No fractional shares will be issued as a result of the Consolidation.
  • Each fractional share remaining after consolidation that is less than 1/2 of a share will be cancelled and each fractional share that is at least 1/2 of a share will be rounded up to one whole share.
  • Each shareholder will hold the same percentage of common shares outstanding immediately after the Consolidation as such shareholder held immediately prior to the Consolidation.
  • Registered shareholders holding physical share certificates will receive by mail a letter of transmittal advising of the Consolidation and containing instructions.

Subscription of Convertible Loan Notes of Serabi Gold Plc

Tuesday, June 30, 2020 - 7:03pm

GUERNSEY, Channel Islands, June 30, 2020 (GLOBE NEWSWIRE) -- Further to the press release of Serabi Gold Plc (the Company) of April 24, 2020, Greenstone Resources II L.P. (Greenstone) announces that it has subscribed for an aggregate of US$1,500,000 (equivalent to C$2,052,300, using the closing exchange rate of US$1:C$1.3682 on June 29, 2020 published on the Bank of Canada website) convertible loan notes issued by the Company (the Convertible Loan Notes).

Key Points: 
  • GUERNSEY, Channel Islands, June 30, 2020 (GLOBE NEWSWIRE) -- Further to the press release of Serabi Gold Plc (the Company) of April 24, 2020, Greenstone Resources II L.P. (Greenstone) announces that it has subscribed for an aggregate of US$1,500,000 (equivalent to C$2,052,300, using the closing exchange rate of US$1:C$1.3682 on June 29, 2020 published on the Bank of Canada website) convertible loan notes issued by the Company (the Convertible Loan Notes).
  • The Convertible Loan Notes were subscribed in three tranches of US$500,000 each, on 30 April,29 May and 30 June 2020 and were issued pursuant to a subscription deed dated 21 January 2020, as amended, in respect of the issuance of up to US$12 million convertible loan notes.
  • The Convertible Loan Notes mature on August 31, 2021, being the date that is 16 months after issuance of the first tranche of notes, and bear an annual interest rate of LIBOR plus 13 per cent.
  • Interest is payable in cash at maturity (or earlier conversion, redemption or transfer of the Convertible Loan Notes in accordance with their terms).

Avenue5 Residential Selects LeaseLock to Eliminate Security Deposits

Tuesday, June 30, 2020 - 3:30pm

LeaseLock , the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds, and guarantors in rental housing, today announced Avenue5 Residential has selected LeaseLock as its exclusive national vendor for security deposit replacement.

Key Points: 
  • LeaseLock , the first and only nationwide A-rated lease insurance provider that totally eliminates security deposits, surety bonds, and guarantors in rental housing, today announced Avenue5 Residential has selected LeaseLock as its exclusive national vendor for security deposit replacement.
  • Avenue5 Residential is the fastest-growing enterprise multifamily operator with more than 70,000 apartment homes nationwide.
  • LeaseLock has insured $10 million in leases for Avenue5 Residential across premier ownership clients including ColRich, Trinsic, and Compass Acquisition Partners, resulting in 5x greater protection against rent loss and damage compared to security deposits.
  • Financially, depositsalong with surety bondsdo not make a lot of sense, said Mark Stringer, Executive Vice President at Avenue5 Residential.

Blauer Manufacturing Awarded Sourcewell Cooperative Purchasing Contract for Uniforms and Related Services

Wednesday, June 24, 2020 - 3:30pm

BOSTON, June 24, 2020 /PRNewswire/ --Blauer Manufacturing announced today that it received formal notice of award from Sourcewell for its nationally competed contract for Uniforms and Related Services (contract and contact information: www.blauer.com/sourcewell .)

Key Points: 
  • BOSTON, June 24, 2020 /PRNewswire/ --Blauer Manufacturing announced today that it received formal notice of award from Sourcewell for its nationally competed contract for Uniforms and Related Services (contract and contact information: www.blauer.com/sourcewell .)
  • A formal agreement was executed between Sourcewell and Blauer on May 31 and Blauer's entire catalog and related customization services are now available to Sourcewell members at pre-negotiated contract prices.
  • Please visit www.blauer.com/sourcewell or https://www.sourcewell-mn.gov/cooperative-purchasing/040920-bla for details on the Uniforms and Related Services contract.
  • Sourcewell is one of the largest cooperative purchasing organizations operating in North America with more than 400 awarded suppliers on contract.

Schlumberger Announces Pricing of Tender Offer for Any and All of Schlumberger Investment SA’s Outstanding 3.300% Senior Notes Due 2021

Tuesday, June 23, 2020 - 8:02pm

SISA expects the Settlement Date to occur on June 26, 2020, the third business day after the Expiration Time.

Key Points: 
  • SISA expects the Settlement Date to occur on June 26, 2020, the third business day after the Expiration Time.
  • The Notes tendered may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.
  • The complete terms and conditions of the Offer are set forth in the Offer Documents.
  • This press release does not constitute an offer to buy or a solicitation of an offer to sell any Notes.

Hudbay Advances Appeal of Unprecedented Rosemont Court Decision

Monday, June 22, 2020 - 10:40pm

The filing of the Hudbay Brief follows the U.S. federal governments initial brief (Government Brief) which was filed last week.

Key Points: 
  • The filing of the Hudbay Brief follows the U.S. federal governments initial brief (Government Brief) which was filed last week.
  • The briefs explain how both Hudbay and the government believe that the District Court misinterpreted federal mining laws and Forest Service regulations as they apply to Rosemont.
  • We believe, based on the arguments filed by Hudbay and the government, that the appellate court will reverse the District Courts decision, allowing us to move forward with constructing and operating the Rosemont project.
  • Hudbay anticipates a final decision in the appeal process in late 2021.

MIAMI Realtors Partner with CompStak to Give Members Cutting-Edge Tenant Data

Monday, June 22, 2020 - 2:05pm

MIAMI, June 22, 2020 /PRNewswire-PRWeb/ -- The MIAMI Association of Realtors Commercial (MIAMI Commercial) has partnered with CompStak, the leading provider of commercial real estate comparable data and analysis, in an exclusive alliance that will give MIAMI Commercial members cutting-edge, real-time tenant transaction data so they can better serve their clients.

Key Points: 
  • MIAMI, June 22, 2020 /PRNewswire-PRWeb/ -- The MIAMI Association of Realtors Commercial (MIAMI Commercial) has partnered with CompStak, the leading provider of commercial real estate comparable data and analysis, in an exclusive alliance that will give MIAMI Commercial members cutting-edge, real-time tenant transaction data so they can better serve their clients.
  • "Finding reliable leasing comps has been a unique challenge for our commercial members," MIAMI Commercial President Fernando Arencibia Jr. said.
  • With CompStak, MIAMI Commercial members can utilize granular lease and sales comps with data points such as starting rent, concessions, net operating income and cap rate for more informed decisions.
  • With CompStak data, MIAMI Commercial members will be able to leverage visibility into the existing tenant mix of buildings to better understand an asset's market position.

Medical Properties Trust, Inc. Announces 96% June Collections and Completion of Circle Health Lease

Monday, June 22, 2020 - 1:30pm

Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today provided an update on June rent and loan payment collections and announced, as expected, the completion of its 1.5B lease agreement with UK-based hospital operator Circle Health.

Key Points: 
  • Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today provided an update on June rent and loan payment collections and announced, as expected, the completion of its 1.5B lease agreement with UK-based hospital operator Circle Health.
  • As expected, the 8.9% GAAP yield on MPTs master lease to Circle Health became effective concurrent with the finalization of an amendment introducing a 2% minimum annual cash rent escalator to the full and extended terms of the agreement.
  • MPT began to recognize the related additional straight-line rent on June 16.
  • Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.