Month: February 2021

TORONTO, Feb. 10, 2021 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (the “Company”) is pleased to announce it has completed the overnight marketing of Preferred Shares and Class A Shares of the Company. Total gross proceeds of the offering are expected to be approximately $92,159,400.The offering is being led by National Bank Financial Inc.The sales period of the overnight offering has now ended.The offering is expected to close on or about February 17, 2021 and is subject to certain closing conditions including approval by the TSX.The Preferred Shares were offered at a price of $10.00 per Preferred Share to yield 5.5% and the Class A Shares were offered at a price of $7.15 per Class A Share to yield 16.8%.The closing price on the TSX of each of the Preferred Shares and Class A Shares on February 9, 2021 was $10.33 and $7.23, respectively.The...

Falcon Investment Management a leading multi-manager hedge fund platform today announced the launch of its first loss program to support early-stage hedge fund managers with seed and acceleration capital. The program is designed to align interest between investors and managers. Through first loss structure, managers receive higher incentive fees in exchange for sharing potential losses with investors resulting a better alignment of interests. Participating fund managers in the program benefit in three ways. • Supported by institutional grade operational and risk management framework• Access to seed and acceleration capital• Receive significantly higher than industry average performance fee “As the first hedge fund platform in Europe to offer first loss program, Falcon is uniquely positioned to address the challenges facing early-stage...

TORONTO, Feb. 10, 2021 (GLOBE NEWSWIRE) — Montero Mining and Exploration Ltd. (TSX-V: MON) (“Montero” or the “Company”) has received confirmation of issuance of exploration licenses east and contiguous to the currently held Isabella claims. The new claims cover an additional 7 km of granite-sediment contact with reported granite-hosted quartz veins similar to those defined within Montero’s Isabella East and Isabella West property blocks. The Isabella Properties are located approximately 200 km south of Santiago and 125 km south of Yamana’s Minera Florida mine in the Southern Coastal Range of Chile.Dr Tony Harwood, President of Montero commented: “Montero has secured additional claims covering a further 7 km strike length along the granite sedimentary contact to the east of the existing Isabella claims. At Isabella, the Company is...

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Ballard Power Systems (“Ballard” or “the Company”) (NASDAQ: BLDP; TSX: BLDP) today announced that, due to strong demand, it has agreed with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc. (collectively, the “Underwriters”), to increase the size of its previously announced US$350 million bought deal offering (the “Offering”). Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the Company (the “Common Shares”) at a price of US$37.00 per Common Share (the “Offering Price”) for gross proceeds of US$550,190,000.The Underwriters have also been granted an option (the “Over-Allotment...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE) — Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL) is pleased to announce that it has signed a letter of intent, dated February 5, 2021, with 2 arm’s length vendors to purchase all of the issued and outstanding shares of Solid Ultrabattery Inc. (“SUB”), a private Ontario company involved in the research and development of solid state batteries, (the “Acquisition”). Subject to the approval of the TSX Venture Exchange (“TSX-V”), Saint Jean intends to fund the purchase of all of the issued and outstanding shares of SUB by issuing 20 million common shares in the capital of the Company (the “Common Shares”) at a price of $0.06 per Common Shares, which is within the allowable discount...

LAS VEGAS, Feb. 10, 2021 (GLOBE NEWSWIRE) — Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to announce it has signed a Memorandum of Understanding to enter a partnership with Roshan Energy Technologies Pvt. Ltd (“Roshan”), located in Hyderabad, India, for Lithium Battery development and production in India and North America.As part of the venture, Barrel will become a majority stakeholder in Roshan allowing Barrel Energy the platform for expansion into the massive India market and into international markets. Roshan and Barrel plan on establishing a U.S. based manufacturing unit for key battery designs within Roshan’s line of Lithium products.A joint R&D division will be developed in conjunction with Barrels’ Nevada Tech Center as part of the partnership. Roshan’s Ashok Shukla, a professor emeritus with...

MICT Partners with Leading Chinese Oil & Gas Exchange to Launch Pioneering Financial Services Initially for Oil and Gas Futures and Commodity Exchange TradingMontvale, N.J, Feb. 10, 2021 (GLOBE NEWSWIRE) — MICT, Inc. (Nasdaq: MICT) (“MICT” or the “Company”) today announces that its wholly owned subsidiary has entered into a partnership with Shanghai Petroleum and Natural Gas Trading Center (the “Exchange”), established in 2015 by Xinhua News Agency, PetroChina, Sinopec, and CNOOC, among others, to provide pioneering financial services in support of the platform’s corporate and government customers who are estimated to make up approximately 20 percent of China’s oil and gas trade.Under the agreement, MICT will act as a strategic third-party partner to the Exchange’s clients to provide trade execution, margin financing and trade...