Month: March 2021

Approval of the draft safeguard plan by the financial creditors’ committee and the bondholders’ general meeting Boulogne-Billancourt (France), March, 29 2021 – Vallourec herein announces that, during the meetings held on March 29, 2021 and convened by the judicial administrator appointed by judgment of the Commercial court of Nanterre dated February 4, 2021 as part of the opening of the safeguard proceeding to the benefit of Vallourec SA, the financial lenders’ committee and the bondholders’ general meeting approved the draft safeguard plan reflecting the agreement in principle announced on February 3, 2021, by a majority of 100% of the votes cast. Vallourec welcomes these approvals. The next key milestone is the Shareholders’ Meeting which will be held on April 20, 2021 and to which the resolutions required to implement the draft...

Adoption du projet de plan de sauvegarde par le comité des établissements de crédit et assimilés et l’assemblée générale unique des obligataires Boulogne-Billancourt (France), le 29 mars 2021 – Vallourec annonce que lors des réunions qui se sont tenues le 29 mars 2021 sur convocation de l’administrateur judiciaire désigné par jugement du Tribunal de Commerce de Nanterre en date du 4 février 2021 dans le cadre de l’ouverture de la procédure de sauvegarde à l’égard de Vallourec SA, le comité des établissements de crédit et assimilés et l’assemblée générale unique des obligataires ont approuvé, à l’unanimité des votes exprimés, le projet de plan de sauvegarde reflétant l’accord de principe annoncé le 3 février dernier. Vallourec se réjouit de ces approbations, la prochaine étape-clé étant l’Assemblée Générale des actionnaires du 20 avril...

VANCOUVER, British Columbia, March 29, 2021 (GLOBE NEWSWIRE) — Eden Empire Inc. (CSE: EDEN) (the “Company” or “Eden Empire“) is pleased to announce that it has closed the first tranche of its previously announced $1,000,000 private placement. The first tranche consisted of 4,875,333 units (“Units”) for gross proceeds of ‎$585,040‎ (the “First Tranche Private Placement”). Each Unit consists of one common share at a price of $0.12 per share and one common share purchase warrant (the “Warrant”) exercisable at $0.20 per share for a period of 24 months from the date of issuance (the “Warrant Expiry Date”). If the daily volume weighted average price of the Company’s common shares on the Canadian Securities Exchange (“CSE”) is $0.40 per share or greater for any ten consecutive trading days during the period where...

TORONTO, March 29, 2021 (GLOBE NEWSWIRE) — Fox River Resources Corporation (the “Company”) (CSE: FOX) is pleased to announce that as a result of substantial investor demand, the Company has increased its non-brokered private placement (the “Offering”, see news release dated March 24, 2021) from $1,500,000 to up to $2,200,000 through the sale of up to 8,800,000 common shares at a price of $0.25 per common share. The proceeds of the Offering will be used for the exploration and advancement of the Company’s Martison Phosphate Project, and for general corporate purposes. Any securities to be issued in connection with the Offering will be subject to a hold period of four months and one day from the date of issuance. A finder’s fee in cash or shares and non-transferable warrants may be paid to eligible finders in relation...

TORONTO, March 29, 2021 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSXV:GTWO; OTCQX:GUYGF) is pleased to announce that its shareholders (the “G2 Shareholders”) have approved the previously announced proposed spin-out of the Company’s Sandy Lake property (the “Sandy Lake Project”) into a wholly-owned subsidiary of G2, S2 Minerals Inc. (“S2”), at the special meeting of G2 Shareholders held on March 29, 2021. At the special meeting, a special resolution approving the transaction was approved by 99.997% of the votes cast at the meeting in person or by proxy by G2 Shareholders. In addition, G2 Shareholders (in person or by proxy) voted 99.997% in favour of the stated capital reduction, 99.878% in favour to approve the stock option plan of G2 and 99.966% in favour to approve the restricted share unit plan of G2. The...

NEWPORT NEWS, Va., March 29, 2021 (GLOBE NEWSWIRE) — Huntington Ingalls Industries (NYSE: HII) announced today that the shipbuilding team, which includes its Newport News Shipbuilding division, has been awarded a contract modification in support of construction of the 10th Virginia-class Block V submarine. In December 2019, Newport News and teaming partner General Dynamics Electric Boat received a $22 billion contract to build nine Virginia-class submarines. The contract modification, which exercises an option for the last fast-attack submarine of the block, brings the total value of the contract for Newport News to $9.8 billion. “We are pleased that Congress supported the restoration of funding for the 10th Virginia-class boat in Block V,” said Jason Ward, Newport News’ vice president of Virginia-class submarine construction. “We...

MARYSVILLE, Ohio, March 29, 2021 (GLOBE NEWSWIRE) — The Scotts Miracle-Gro Company (NYSE: SMG), one of the world’s leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, will host a virtual Investor & Analyst Day on Thursday, April 8, 2021, beginning at 9:00 a.m. ET. Attendees are encouraged to register soon to reserve a spot. The virtual meeting will feature presentations from the Company’s executive and leadership teams, who will provide insights into strategies and opportunities, particularly as they relate to its Hawthorne Gardening Company and its U.S. Consumer businesses. The Company anticipates approximately 2.5 hours of presented materials followed by live Q&A with management. Attendees can also submit written questions throughout the event to be addressed during...

Berkley Heights, N.J. , March 29, 2021 (GLOBE NEWSWIRE) — Hayward Holdings, Inc. (NYSE: HAYW) a global designer, manufacturer and marketer of a broad portfolio of pool equipment and associated automation systems, will relocate its corporate office functions to North Carolina from Berkeley Heights, New Jersey. Hayward will move its senior leadership team, corporate human resources, US sales leadership, corporate finance and other strategic functions to Charlotte. Hayward currently employs approximately 90 corporate employees in New Jersey. As part of the relocation, a number of corporate operational jobs will also move from New Jersey to an existing Hayward production facility in Clemmons, North Carolina. The facility already employs 850 people, which includes the addition of approximately 100 jobs over the past year.   “This is...