Day: November 24, 2020

Spartan Acquisition Corp. II Announces Pricing of Upsized $300,000,000 Initial Public Offering

New York, Nov. 24, 2020 (GLOBE NEWSWIRE) — Spartan Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering (“IPO”) of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “SPRQ U” beginning on November 25, 2020. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “SPRQ” and “SPRQ WS,” respectively.Citigroup, Credit Suisse...

Continue reading

Titanium Corporation Reports Results for the Third Quarter Ended September 30, 2020 and Provides Project Update

CALGARY, Alberta, Nov. 24, 2020 (GLOBE NEWSWIRE) — Titanium Corporation Inc. (the “Company” or “Titanium”) (TSX-V: TIC) today released its results for the three and nine-month periods ended September 30, 2020.The COVID-19 pandemic and the collapse of oil demand and prices in 2020 has introduced unprecedented uncertainties for Canada’s oil sands industry and the Canadian economy. In recent months, there has been a second wave of the pandemic and the duration and the extent of the impact of these events is not known but could adversely affect the progress and timing of the CVW™ Horizon Project (the “Project”). In response, the Company has taken measures to protect its balance sheet by reducing costs and conserving cash.During the first nine months of 2020, the Company and Canadian Natural Resources Limited’s (“Canadian Natural”) joint...

Continue reading

Erdene Announces Three Month Extension to Warrants

HALIFAX, Nova Scotia, Nov. 24, 2020 (GLOBE NEWSWIRE) — Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene“ or the “Company”) has agreed to extend the term of 11,314,580 common share purchase warrants (“Warrants”) that were issued in connection with a non-brokered private placement, which closed in June 2018. Effective December 8, 2020, these Warrants will have their expiry date extended by three months to March 8, 2021. The exercise price of $0.60 and all other terms of the Warrants remain unchanged.About ErdeneErdene Resource Development Corp. is a Canada-based resource company focused on the acquisition, exploration, and development of precious and base metals in underexplored and highly prospective Mongolia. Erdene’s deposits are located in southwestern Mongolia’s Edren Terrane,...

Continue reading

Hanwei Energy Services Announces Sale of Its Hanwei Wind Subsidiary

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) — Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”) today announced that it has completed the sale of its 100% equity interest in its wholly owned Chinese subsidiary, Hanwei Wind Power Equipment (Daqing) Co., Ltd. (“Hanwei Wind”).As previously disclosed, the Company’s wind power business was classified as discontinued operations since 2011 and Hanwei Wind has been inactive since then. All assets of Hanwei Wind were written down previously and all liabilities were carried with additional provisions. The sale of Hanwei Wind, undertaken for a nominal value of one renminbi, completes the full dissolution of Hanwei’s wind power business.About Hanwei Energy Services Corp.Hanwei Energy Services Corp.’s principal business operations are in two complementary key...

Continue reading

Rubicon Organics to Enter Québec Market

Executed Letter of Understanding with SQDC to sell its flagship Simply BareTM Organic flower.Rubicon Organics products will soon be available to over 90% of the Canadian population.VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) (“Rubicon Organics” or the “Company”), a licensed producer focused on cultivating and selling organic certified cannabis, today announced that it has executed a letter of understanding (“LOU”) with Société québécoise du cannabis (“SQDC”) for the distribution of its portfolio of cannabis products to consumers in the province of Québec. The Company is expecting to make its first shipment under the agreement in the coming weeks. Simply BareTM Organic flower will now be available in stores and online from British Columbia to Québec inclusively.“Québec...

Continue reading

Rubicon Organics fera son entrée sur le marché québécois

Signature d’une lettre d’entente avec la SQDC pour vendre sa fleur Simply BareTM Organic.Les produits Rubicon Organics seront maintenant disponibles pour plus de 90% de la population canadienne.VANCOUVER, COLOMBIE-BRITANNIQUE, 24 nov. 2020 (GLOBE NEWSWIRE) — Rubicon Organics Inc. (TSXV: ROMJ) (OTCQX: ROMJF) («Rubicon Organics» ou la «Société»), un producteur autorisé axé sur la culture et la vente de cannabis certifié biologique, a annoncé aujourd’hui avoir signé une lettre d’entente («LOI») avec la Société québécoise du cannabis («SQDC») pour la distribution de son portefeuille de produits aux consommateurs de la province de Québec. La société prévoit effectuer sa première livraison dans les prochaines semaines. La fleur Simply BareTM Organic sera désormais disponible en magasin et en ligne de la Colombie-Britannique...

Continue reading

Revival Gold Announces AGM Results and Option Grant

TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) — Revival Gold Inc. (TSXV: RVG, OTCQB: RVLGF) (“Revival Gold” or the “Company”), a growth-focused gold exploration and development company, announces voting results for the election of directors at its Annual General Meeting (“AGM”) of Shareholders held on November 24th, 2020, in Toronto.A total of 33,508,817 common shares representing 47.1% of the Company’s issued and outstanding shares were voted in connection with the AGM. Shareholders approved all items of business before the AGM including the election of Directors as follows:Following the AGM, Revival Gold re-appointed Wayne Hubert as Chairman of the Board, Robert Chausse as Audit Committee Chair, Carmelo Marrelli as Compensation Committee Chair and Donald Birak as Technical, Safety, Environment and Social Responsibility Committee...

Continue reading

Delta 9 Launches Click & Collect and Same Day Delivery Service in Thompson & Brandon, Manitoba

WINNIPEG, Manitoba, Nov. 24, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce it has expanded its click-and-collect and same-day home delivery service program to the Thompson and Brandon, Manitoba markets. As a result, Delta 9 becomes the only retail store chain offering the above services in Winnipeg, Brandon, and Thompson, Manitoba.“As Canada deals with the second wave of COVID-19, contactless shopping options and access to cannabis products while enabling social distancing become an essential part of our business offering,” said John Arbuthnot, CEO of Delta 9. “As we have rolled out increased online services, we have noticed a major increase in the usage of our click-and-collect and same-day delivery programs with online sales up...

Continue reading

Syneos Health Announces Closing of Offering of $600.0 Million of Senior Notes Due 2029

MORRISVILLE, N.C., Nov. 24, 2020 (GLOBE NEWSWIRE) — Syneos Health, Inc. (Nasdaq: SYNH) (the “Company” or “Syneos Health”), the only fully integrated biopharmaceutical solutions organization combining a CRO (Contract Research Organization) and a CCO (Contract Commercial Organization), today announced the completion of the previously announced offering of $600.0 million aggregate principal amount of 3.625% senior notes due 2029 (the “Notes”). The Notes are guaranteed, jointly and severally, on a senior unsecured basis, by certain of the Company’s subsidiaries.The net proceeds of the offering will be used for general corporate purposes, including the funding of acquisitions, and for repayment of indebtedness.The Notes were offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under...

Continue reading

Nevada Copper Provides Financing Update

YERINGTON, Nev., Nov. 24, 2020 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to announce that it has agreed to non-binding terms with its senior lender, KfW IPEX-Bank GMBH (“KfW”) and is engaged in ongoing discussions with other lenders to provide a combined financing package of at least US$30 million. The Company is working with KfW and the other lenders with the aim of executing binding agreements for loan facilities and being able to receive funding thereunder by the end of 2020.The proposed financing package will provide substantial additional liquidity for Nevada Copper as it ramps-up operations into 2021. Under the non-binding term sheet with KfW, it is proposed that KfW will provide a new US$15 million senior loan, with a three-year tenor, at an interest rate of LIBOR plus...

Continue reading