Day: September 26, 2021

Prospect Ridge Resources Corp. Completes Fully Subscribed Non-Brokered Private Placement for $6 Million Dollars

Prospect Ridge Resources Corp. Completes Fully Subscribed Non-Brokered Private Placement for $6 Million Dollars

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, Sept. 26, 2021 (GLOBE NEWSWIRE) — Prospect Ridge Resources Corp. (CSE: PRR) (OTC Pink: PRRSF) (“Prospect” or the “Company“) announces that further to its news release dated August 27, 2021, the Company has closed its $0.35 unit private placement (the “Private Placement”) for gross proceeds of approximately $6 million. The Company issued 17,142,856 units (the “Units”), with each unit consisting of one common share in the capital of the Company (a “Share”) and one-half of one Share purchase warrant (a “Warrant”). Each whole Warrant will entitle the holder, on exercise thereof, to purchase one additional Share of the Company at a price of $0.70 per Share for a period of 18 months from the date of issuance, subject to a forced exercise clause in the event that the trading price of the...

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Closing of the acquisition by Apollo Funds of approx. 67% stake in RDM group

Closing of the acquisition by Apollo Funds of approx. 67% stake in RDM group

Written by Customer Service on . Posted in Mergers And Acquisitions.

NEW YORK, Sept. 26, 2021 (GLOBE NEWSWIRE) — Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that the closing of the acquisition of a majority stake in Reno De Medici S.p.A. (“RDM” or the “Company”) (BIT: RM/BME: RDM), which is subject to customary closing conditions, is expected to take place by Q4 2021. As announced on July 5, 2021, certain funds managed by Apollo’s affiliates (the “Apollo Funds”) have entered into definitive agreements to acquire approx. 67% equity ownership in RDM from the Company’s top two shareholders, Cascades Inc. (TSX: CAS) and Caisse de dépot et placement du Québec, for EUR 1.45 per share. Since not all of the necessary antitrust authorizations to which the closing of the transaction is subject have been issued yet, the closing is currently...

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