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Showing posts from February, 2021

ThreeD Capital Inc. Acquires Securities of Windfall Geotek Inc.

TORONTO, Feb. 26, 2021 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQB:IDKFF) a Canadian based venture capital firm that invests in disruptive companies and promising junior resources companies, is pleased to announce that it has acquired ownership and control of an aggregate of 8,889,500 common shares (the “Subject Shares”) and 1,000,000 common share purchase warrants (the “Subject Warrants” and together with the Subject Shares, the “Subject Units”) of Windfall Geotek Inc. (“Windfall”) through a series of transactions ending on February 19, 2021. The Subject Shares represented approximately 10.0% of all issued and outstanding common shares of Windfall as of February 26, 2021 immediately following the transaction described above (or approximately 11.0% on a partially diluted basis, assuming exercise of the Subject Warrants only). Read More from Financial Post https://ift.tt/3r5TSI4

Memorandum of Understanding advances Tlowitsis Nation, Canada and British Columbia to final stage of treaty negotiations

MUSQUEAM, SQUAMISH AND TSLEIL-WAUTUTH, VANCOUVER, Feb. 26, 2021 (GLOBE NEWSWIRE) -- The BC Treaty Commission congratulates Tlowitsis Nation and the governments of Canada and British Columbia on the Memorandum of Understanding (MOU) signing, transitioning the negotiations table from Stage 4 to Stage 5 of the BC treaty negotiations framework. Read More from Financial Post https://ift.tt/2Mu0CjH

Coeur Mining, Inc. Announces Expiration of Tender Offer for its Outstanding 5.875% Senior Notes Due 2024

CHICAGO -- Coeur Mining, Inc. (NYSE: CDE) (the “Company”) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 5.875% senior notes due 2024 (the “2024 Notes”) expired at 5:00 p.m., New York City time, on February 26, 2021 (the “Expiration Time”). As of the Expiration Time, $102,817,000 aggregate principal amount of the 2024 Notes (or 44.70% of the total aggregate principal amount of the 2024 Notes outstanding) were validly tendered, which excludes $396,000 aggregate principal amount of the 2024 Notes (or 0.17% of the total aggregate principal amount of the 2024 Notes outstanding) that remain subject to the guaranteed delivery procedures set forth in the Company’s Offer to Purchase, dated February 22, 2021 (the “Offer to Purchase”). The Company expects to accept for payment all such 2024 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2024 Notes on March 1, 2021, or, i

JPMorgan CEO of Chase consumer banking leaving to head TIAA

NEW YORK -- JPMorgan Chase & Co's Chief Executive Officer of the Chase Consumer Banking division Thasunda Brown Duckett is leaving America's largest bank to become the head of the retirement provider and financial services firm TIAA, according to announcements by both companies on Thursday. Read More from Financial Post https://ift.tt/37RyoqI

Pension plan chief’s resignation renews debate over vaccine queue jumping

The abrupt resignation of the head of the Canada Pension Plan Investment Board after it was revealed the 54-year-old was vaccinated against COVID-19 in Dubai has sparked a new round of debate over vaccine queue jumping and non-essential travel by business leaders and government officials during the pandemic. Read More from Financial Post https://ift.tt/3uK6K91

European officials urge World Bank to exclude fossil-fuel investments

WASHINGTON -- Senior officials from Europe have urged the World Bank's management to expand its climate change strategy to exclude investments in oil- and coal-related projects around the world, and gradually phase out investment in natural gas projects, according to three sources familiar with the matter. Read More from Financial Post https://ift.tt/3uwPHal

Boeing CEO asked to testify in crash litigation, lawmakers demand FAA release records

Relatives of victims of a Boeing Co 737 MAX crash in Ethiopia that occurred five months after an Indonesian Lion Air disaster are stepping up pressure on the American planemaker and the federal government, according to a court filing and a letter to U.S. lawmakers. Read More from Financial Post https://ift.tt/2O0A89Y

Jack Mintz: Alberta’s budget rides the roller-coaster as deficit balloons to $18.2 billion

A year ago, Alberta’s Minister of Finance Travis Toews had an upbeat message about Alberta’s growth prospects for 2021. With growing revenues and flattened spending, Alberta could balance the budget by the next election after a string of deficits since the fiscal year 2014-15. One month later the province faced two hits: the COVID-19 fallout and a short-lived oil price war between Saudi Arabia and Russia. Read More from Financial Post https://ift.tt/3pUVPFJ

Pretivm Reports 2020 Operating and Financial Results; Achieves Guidance, Delivers Record High Free Cash Flow and Significantly Reduces Debt

All amounts are in US dollars unless otherwise noted. This release should be read in conjunction with the Company’s Financial Statements and Management’s Discussion and Analysis (“MD &A”) for the years ended December 31, 2020 and 2019, available on the Company’s website and on SEDAR and EDGAR. Read More from Financial Post https://ift.tt/3uAdSV6

Fed to keep policy easy, stay patient as U.S. economy revives

WASHINGTON -- Amid market expectations the Fed may be forced to tighten monetary policy sooner than expected, top U.S. central bankers delivered a simple message to investors fixated on rising U.S. bond yields and price risks: Do not expect any changes until the economy is clearly improving. Read More from Financial Post https://ift.tt/3bzRv9G

O2Gold Announces Extension of Private Placement

TORONTO, Feb. 22, 2021 (GLOBE NEWSWIRE) -- O2Gold Inc. (“ O2Gold ” or the “ Company ”) (TSXV: OTGO) announces today that, further to its news releases dated January 15, 2021 and February 8, 2021, the TSX Venture Exchange (“ TSXV ”) has granted an extension of 30 days for filing final documentation in respect of the previously announced private placement (the “ Offering ”). The Company plans to issue up to 25,000,000 units (each, a “ Unit ”) at a price of $0.20 per Unit for gross proceeds of up to $5,000,000. Each Unit will consist of one common share of the Company (each, a “ Common Share ”) and one-half of one Common Share purchase warrant (each whole warrant, a “ Warrant ”). Each Warrant will entitle the holder to acquire one additional Common Share at an exercise price of $0.30 for a period of 24 months from issuance. Read More from Financial Post https://ift.tt/2ZJ3fRE

U.S. Treasury nominee Adeyemo vows to combat China’s ‘unfair economic practices’ in testimony

WASHINGTON -- Wally Adeyemo, President Joe Biden's nominee for the No. 2 job at the U.S. Treasury, vowed to crack down on authoritarian governments and fight unfair economic practices in China and elsewhere, while working to rectify economic inequality at home. Read More from Financial Post https://ift.tt/2ZJrcbq

Victory Square Technologies Inc. Portfolio Company GameOn Entertainment Technologies Inc. Announces Upsizing of Its Previously Announced Private Placement for Up to an Aggregate of $3 Million Due to Strong Investor Demand

VANCOUVER, British Columbia, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Victory Square Technologies Inc. (“ Victory Square ”) (CSE:VST) (OTC:VSQTF) (FWB:6F6) is pleased to announce that further to its news release dated February 22, 2021, its portfolio company GameOn Entertainment Technologies Inc. (“ GameOn ”) has increased the size of its previously announced non-brokered private placement (the “ SR Offering ”) of subscription receipts of GameOn (“ Subscription Receipts ”) from $1.5 million to $3 million due to strong investor demand. Each Subscription Receipt will be sold at a price of $0.35 and be governed by a subscription receipt agreement to be entered between GameOn and an escrow agent to be appointed by GameOn on or prior to the closing date of the SR Offering (the “ SR Agreement ”). Read More from Financial Post https://ift.tt/3buzDx0

Texas storm may cost insurers record first-quarter losses -A.M. Best

Insurers could suffer record first-quarter catastrophe losses after the historic Texas winter storm, which crippled the state's electrical grid and caused extensive property damage including collapsed roofs and broken pipes, insurer credit rating agency A.M. Best said on Friday. Read More from Financial Post https://ift.tt/3qCQ7JO

Superior Plus Corp. Announces Annual and Fourth Quarter 2020 Results and 2021 Adjusted EBITDA Guidance as a Pure-play Energy Distribution Company

TORONTO -- Superior Plus Corp. (“Superior”) (TSX:SPB) announced today the financial and operating results for the fourth quarter ended December 31, 2020. Unless otherwise expressed, all financial figures are expressed in Canadian dollars. Read More from Financial Post https://ift.tt/2NaprSj

Indian Railways get Budget booster; Infra allocations lay the ground for privatisation

Availability of funds is no longer an issue, as is evident from Budget FY22 that provides the highest-ever total capital expenditure plan of Rs 2,15,058 crore, comprising Rs 1,07,100 crore as budgetary support and the remaining from internal and extra-budgetary resources. from The Financial Express https://ift.tt/3pxgY8J

Tilray, Inc. Reports 2020 Full Fiscal Year and Fourth Quarter Results

NANAIMO, British Columbia -- Tilray, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY), a global pioneer in cannabis research, cultivation, production and distribution, today reported financial results for the full fiscal year and fourth quarter ended December 31, 2020. All financial information in this press release is reported in U.S. dollars, unless otherwise indicated. Read More from Financial Post https://ift.tt/3as1gr1

MedMen Announces Equity Private Placement

LOS ANGELES -- MedMen Enterprises Inc. (“ MedMen ” or the “ Company ”) (CSE: MMEN) (OTCQX: MMNFF), a cannabis retailer with operations across the U.S., today announced the execution of subscription agreements with certain institutional investors (collectively, the “Investors” ) for the sale of up to approximately US$5.8 million of units (" Units ") at a purchase price of US$0.3713 per Unit (the “Private Placement” ). Each Unit consists of one Class B subordinate voting share (each, a " Share ") and one share purchase warrant (each, a " Warrant "). Each Warrant permits the holder to purchase one Share for a period of five years from the date of issuance at an exercise price of US$0.4642 per Share. The Private Placement will be completed in tranches, with the initial tranche consisting of 7,800,000 Units for aggregate gross proceeds of US$2.9 million. The Company has granted the Investors an option to acquire up to an additional 7,800,000 Units on the terms

Non-food credit growth slips below 6%: RBI data

The total bond issuances in January amounted to Rs 60,942 crore, 4% lower than in December, 2020 and and 27% lower year-on-year, data from Prime Database showed. Banking and term -lending entities accounted for the highest 54% share in total debt issuances. Commercial paper issuances in January fell to Rs 1.38 lakh crore, 26% lower y-o-y . from The Financial Express https://ift.tt/3asQcKy

Flexible office space industry to witness large-scale churn

JLL India, in a report in November 2020, had said the Indian flex space market was in the midst of a strong growth cycle until it started facing headwinds due to the Covid-19 pandemic. The supply boom resulted in a significant rise in total stock - from 9.9 million sqft (MSF) in 2017 to 29.5 MSF by September 2020. from The Financial Express https://ift.tt/3qss1Bq

U.S. ITC to investigate Ericsson complaint against Samsung over 5G wireless equipment

WASHINGTON -- The U.S. International Trade Commission (ITC) said on Tuesday it would open an investigation after Ericsson claimed Samsung Electronics Inc had infringed on some of its patents in 4G and next generation 5G wireless cellular communications infrastructure systems. Read More from Financial Post https://ift.tt/2N5ds8A

Novavax Announces Expanded Collaboration and License Agreement with SK Bioscience for 40 Million Doses of COVID-19 Vaccine for South Korea Existing partnership for manufacture of NVX-CoV2373 expanded to increase production capacity and supply vaccine to the Korean Government

GAITHERSBURG, Md., Feb. 15, 2021 (GLOBE NEWSWIRE) -- Novavax, Inc. (Nasdaq: NVAX), a biotechnology company developing next-generation vaccines for serious infectious diseases, and SK Bioscience, a vaccine business subsidiary of SK Group, today announced an expanded collaboration and license agreement. In addition to the already existing manufacturing arrangement, SK Bioscience has obtained a license to manufacture and commercialize NVX-CoV2373, Novavax’ COVID-19 vaccine, for sale to the Korean government. SK Bioscience will add significant production capacity under this new agreement. Novavax recently reported positive interim efficacy results for the vaccine candidate in an ongoing Phase 3 clinical trial in the United Kingdom and is also currently conducting a Phase 3 trial in the U.S. and Mexico. Read More from Financial Post https://ift.tt/3rURmnQ

FY21 Half Year Results Investor Webinar and Conference Call

PERTH, Western Australia, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) is hosting an investor webinar and conference call to discuss its FY21 Half Year Results, which are anticipated for release around 8:30am AEDT on Wednesday February 24, 2021. Read More from Financial Post https://ift.tt/3u2Gczq

RBI announces expert committee on primary urban cooperative banks, to be chaired by NS Vishwanathan

The committee’s terms of reference will include taking stock of the regulatory measures taken by the RBI and other authorities in respect of UCBs and assess their impact over the last five years to identify key constraints and enablers, if any, in fulfilment of their socio-economic objective. from The Financial Express https://ift.tt/3pmepGA

Cassius Announces Granting of Stock Options

VANCOUVER, British Columbia, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Cassius Ventures Ltd. (NEX: CZ.H) (the “Company”) announces that the board of directors of the Company has approved the granting, of 250,000 incentive stock options pursuant to the Company’s Stock Option Plan to a director and officer of the Company. The options are exercisable at a price of $0.07 per share. The options expire on February 12, 2026 with 25% of the options granted vesting each quarter over the next four (4) quarters. Read More from Financial Post https://ift.tt/3adX9Pe

Nevada Exploration Applies to Extend Warrants

VANCOUVER, British Columbia, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) announces that the Company proposes to extend the expiry date of a total of 7,970,000 share purchase warrants, all of which are exercisable at $0.30 per share. The Warrants were issued pursuant to a private placement that closed in two tranches on August 29, 2018, and September 7, 2018, and currently expire on February 28, 2021, and March 7, 2021 (collectively, the "Warrants"). The Company proposes to extend the expiry dates of the Warrants for one additional year, as follows: Read More from Financial Post https://ift.tt/3qguIWt

Citigroup slashes CEO’s pay by 21%, to $19 million

Citigroup Inc said late on Friday that outgoing Chief Executive Officer Mike Corbat's compensation for 2020 would be $19 million, a 21% decrease from 2019, according to a regulatory filing. Company directors reduced Corbat's incentive pay for his failures to efficiently address the risk and control concerns of regulators, the bank said in a filing. Read More from Financial Post https://ift.tt/376hy6Y

International Clean Power Dividend Fund Files Final Prospectus Maximum $200 Million – Closing March 18, 2021

CALGARY, Alberta, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Middlefield Group, on behalf of International Clean Power Dividend Fund (the “Fund”), is pleased to announce that it has filed a final prospectus in relation to an initial public offering of units at a price of $10.00 per unit. The maximum amount of the offering is $200 million. Read More from Financial Post https://ift.tt/375ASRE

Solstice announces share issuance in respect of the Red Lake Extension project

Pursuant to the Agreement, to fully exercise the Option, the Company shall in its sole discretion: (i) make additional cash payments of $84,000 over three years; and (ii) issue an additional 300,000 Common Shares to Gravel Ridge on or before the first anniversary of the Effective Date. Upon full exercise of the Option (if any), the Project would be subject to a 1.5% net smelter royalty, of which an aggregate of 1% may be repurchased by the Company subject to the terms and conditions of the Agreement. Read More from Financial Post https://ift.tt/3tPix58

Willow Biosciences Announces Increase to Bought Deal Offering from $20.0 Million to $25.0 Million

VANCOUVER, British Columbia, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Willow Biosciences Inc. (" Willow " or the " Company ") (TSX: WLLW; WLLW.WT; OTCQX: CANSF) is pleased to announce that in connection with its previously announced bought deal offering, Willow and the syndicate of underwriters co-led by Eight Capital and BMO Capital Markets (collectively, the " Underwriters "), have agreed to increase the size of the bought deal offering. Willow will now issue 15,152,000 common shares of the Company (the “ Common Shares ”) at a price of $1.65 per Common Share (the “ Offering Price ”) for gross proceeds of approximately $25.0 million (the “ Offering ”). Read More from Financial Post https://ift.tt/376bzyY