GTT Secures Commitment for New Term Loan Facility to Strengthen Liquidity Position

Written by Customer Service on December 22, 2020. Posted in Public Companies.

MCLEAN, VA, Dec. 22, 2020 (GLOBE NEWSWIRE) — GTT Communications, Inc. (NYSE: GTT), a leading global cloud networking provider to multinational clients, announced today it has entered into a commitment letter through which certain of GTT’s existing lenders and noteholders have committed to providing the company with a new $275 million delayed-draw term loan facility.GTT Interim CEO Ernie Ortega said, “We are pleased to announce this development and appreciate the support of our lenders and noteholders in providing us with their commitment for this new facility.This term loan will ensure that we have the appropriate resources to execute on our business plan as we work towards closing the sale of our infrastructure division to I Squared Capital in 2021.It also demonstrates our commitment to providing a stable and responsible operating...

9 Capital Corp. Announces Termination of Qualifying Transaction

Written by Customer Service on December 22, 2020. Posted in Public Companies.

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — 9 Capital Corp. (the “Company”) announces that it will not be proceeding with its proposed qualifying transaction (“Qualifying Transaction”) with Renew, Youthful Living Ltd. (“Renew”), and that the letter agreement dated November 6, 2020 between the Company and Renew has been terminated.The Company will continue to evaluate and review alternative acquisition opportunities with a view to completing its Qualifying Transaction.About the CompanyThe Company is a CPC within the meaning of the policies of the TSX Venture Exchange (the “Exchange”) that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC policies of the Exchange, until the completion of its Qualifying Transaction, the Company will not carry on business, other than...

Q-Gold Closes First Tranche of Flow-Through Financing for Exploration Work at High-Grade Foley Gold Mine Complex, Ontario

Written by Customer Service on December 22, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES(All figures in Canadian dollars unless otherwise stated)TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) —Q-Gold Resources Ltd (TSXV: QGR, OTC: QGLDF, FRA: QX9G) (“Q-Gold” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced C$1,000,000 non-brokered flow-through financing (the “Offering”) for gross proceeds of C$850,000 (the “First Tranche”). Closing of the First Tranche and the Offering is subject to final approval of the TSX Venture Exchange. The proceeds of the First Tranche will be used to fund its previously announced 2021 exploration program at its wholly-owned Foley Gold Mine complex, near the town of Mine Centre, Ontario.Pursuant to the First Tranche, the Company issued 2,125,000 flow-through...

Seven Oaks Acquisition Corp. Announces Closing of Upsized $258.75 Million Initial Public Offering

Written by Customer Service on December 22, 2020. Posted in Public Companies.

NEW YORK, Dec. 22, 2020 (GLOBE NEWSWIRE) — Seven Oaks Acquisition Corp. (the “Company”) today announced the closing of its upsized initial public offering of 25,875,000 units at a price of $10.00 per unit, including 3,375,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The units are listed on The NASDAQ Capital Market (“NASDAQ”) and began trading under the ticker symbol “SVOKU” on December 18, 2020. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on NASDAQ under the symbols “SVOK”...

Osino Resources Grants Stock Options and Restricted Share Units

Written by Customer Service on December 22, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 22, 2020 (GLOBE NEWSWIRE) — Osino Resources Corp. (TSXV: OSI) (FSE: RSR1) (OTCQB: OSIIF) (“Osino” or “the Company”), announces the granting of stock options under its Stock Option Plan to purchase an aggregate of 400,000 common shares of the Company at an exercise price of $1.25 per share for a five year term. The stock options were granted to directors of the Company pursuant to the Osino Stock Option Plan and the policies of the TSX Venture Exchange (the “Exchange”) and vest over two years.The Company also announces the granting of an aggregate of 1,193,600 restricted share units (each, an “RSU”) to certain key executives of the Company under the Company’s RSU Plan pursuant to the policies of the Exchange. Each RSU represents the right to receive, once vested, one common share...

10X Capital Venture Acquisition Corp Announces the Separate Trading of its Common Stock and Warrants, Commencing December 28, 2020

Written by Customer Service on December 22, 2020. Posted in Public Companies.

New York, NY, Dec. 22, 2020 (GLOBE NEWSWIRE) — 10X Capital Venture Acquisition Corp (Nasdaq: VCVCU) (the “Company”) today announced that, commencing December 28, 2020, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s common stock and warrants included in the units.No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “VCVC” and “VCVCW,” respectively. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “VCVCU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to...

Olivut Announces Closing of Private Placement of Common Shares

Written by Customer Service on December 22, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FORDISSEMINATION IN THE UNITED STATESTORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Olivut Resources Ltd. (“Olivut” or the “Company”) (TSXV:OLV) is pleased to announce that the Company has closed a non-brokered private placement (the “Private Placement”) comprised of 5,000,000 common shares (the “Common Shares”) for proceeds of $400,000 at a price of $0.08 per Common Share. The Common Shares are subject to resale restrictions pursuant to applicable securities laws requirements and will not be freely tradable until four months after the date of issue.One insider participated in the Private Placement, thereby making the Private Placement a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Mr. Pierre Lassonde, as insider of the Company, purchased...

Purpose Investments Inc. Announces 2020 Fourth Quarter Distributions for Purpose Specialty Lending Trust

Written by Customer Service on December 22, 2020. Posted in Dividend Reports And Estimates.

TORONTO, Dec. 22, 2020 (GLOBE NEWSWIRE) — Purpose Investments Inc. is pleased to announce the 2020 fourth quarter distributions for Purpose Specialty Lending Trust.About Purpose Investments Inc.Purpose Investments Inc. is an asset management company with more than $10 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial, an independent technology-driven financial services company.For further information please contact:Matt PadanyiPurpose Investments Inc.Tel: (877) 789-1517Email: info@purposeinvest.comCommissions, trailing commissions, management fees and expenses all may be associated with investment fund...

Ryman Hospitality Properties, Inc. Successfully Extends Credit Facility Waiver Period

Written by Customer Service on December 22, 2020. Posted in Public Companies.

NASHVILLE, Tenn., Dec. 22, 2020 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) announced that today it completed a second amendment to the credit agreement governing its $700 million revolving credit facility, $300 million Term Loan A facility and its Term Loan B facility (of which approximately $382.5 million is outstanding), which was obtained from a consortium of banks led by Wells Fargo Bank, National Association, as administrative agent. The second amendment provides for an extended temporary waiver of all financial covenants in the credit facility through April 1, 2022 (unless terminated early by the Company at its option) confirms the continued availability of the undrawn amounts under the revolving credit facility.During the extended waiver period, the second amendment provides for increased...

Keynes Technology Group, Inc. (KYNS) Enters Into a Material Definitive Agreement With Both Pandaland Holdings, Ltd. And KidsDNA, Inc.

Written by Customer Service on December 22, 2020. Posted in Public Companies.

LOS ANGELES, Dec. 22, 2020 (GLOBE NEWSWIRE) — Keynes Technology Co. Ltd (OTC:KYNS), a Nevada Corporation (the “Company”) which trades on the OTC Markets under the symbol “KYNS”, entered into a “Stock Exchange Agreement” to acquire 95.33% of Pandaland Holding (HK) Ltd., a corporation organized under the laws of Hong Kong.In consideration for the purchase, Keynes Technology Co. LTD will issue to Pandaland Holdings, Ltd. 150,000,000 shares of common stock and 35,000,000 shares of preferred stock of KYNS. Upon completion of the acquisition, Pandaland Holdings, ltd. will be a majority owned subsidiary of the Company.Additionally, on December 18, 2020, the Company entered into a “Stock Exchange Agreement” to acquire all the outstanding common stock of KidsDNA, Inc., a corporation organized under the Laws of Taiwan.In consideration for the...

Day: December 22, 2020

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