Day: December 20, 2021

Oportun Closes $150 Million Credit Facility Secured by Credit Card Receivables

Written by Customer Service on December 20, 2021. Posted in Public Companies.

Deal Enables Ongoing Growth of Oportun® Visa® Credit Card SAN CARLOS, Calif., Dec. 20, 2021 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), an A.I.-driven fintech company, announced it closed a $150 million credit facility secured by credit card receivables arising under the company’s Oportun® Visa® Credit Card issued by WebBank. WebBank is the lender under the new facility, which carries a two-year revolving term and replaces Oportun’s existing retention facility. Oportun says the new facility will be used to meet the continuing demand and growth of the credit card program. Oportun announced in August of this year that the unsecured credit card is available nationwide, and that it expects credit cards to account for $50 million in receivables by year end. About OportunOportun (Nasdaq: OPRT) is a financial services company that leverages...

SmartBe Investments Inc. Announces Notional Distribution for SmartBe ETFs

Written by Customer Service on December 20, 2021. Posted in Dividend Reports And Estimates.

CALGARY, Alberta, Dec. 20, 2021 (GLOBE NEWSWIRE) — SmartBe Investments Inc. (“SmartBe”) today announced the estimated distribution for the SmartBe Canadian Quantitative Momentum Index ETF, SmartBe Canadian Quantitative Value Momentum Index ETF, SmartBe U.S. Quantitative Momentum Index ETF, and SmartBe U.S. Quantitative Value Momentum Index ETF (the “ETFs”) for the 2021 tax year. Please note that these are estimated amounts only as of December 15, 2021 and could change if the Fund experiences subscriptions or redemptions prior to ex-dividend date or due to other factors. SmartBe expects to announce the final annual reinvested distribution amount on or about January 4, 2022. The record date for the reinvested distribution will be December 31, 2021 payable on January 7, 2022. The actual taxable amounts of reinvested distributions...

Pretivm Announces the Filing of its Management Information Circular in Connection with its Special Meeting to Approve Acquisition by Newcrest

Written by Customer Service on December 20, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 20, 2021 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) today announced that it has mailed and filed a management information circular and related meeting materials (the “Meeting Materials”) for its special meeting (the “Special Meeting”) of shareholders and optionholders of Pretivm (“Securityholders”) to be held January 20, 2022, in connection with the proposed acquisition of Pretivm by Newcrest Mining Limited (ASX/TSX/PNGX: NCM) (“Newcrest”) announced on November 8, 2021 (the “Transaction”). To proactively deal with the ongoing public impact of the COVID-19 pandemic, and to mitigate risks to the health and safety of our communities, Securityholders, employees, directors and other stakeholders, the Special Meeting will be held in a virtual-only format conducted...

Finning Announces Automatic Share Purchase Plan

Written by Customer Service on December 20, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Dec. 20, 2021 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning” or the “Company” or “we”, “our” or “us”) today announced that, in connection with the previously announced normal course issuer bid (“NCIB”) to purchase for cancellation up to 8,000,000 of our common shares (“shares”), we have entered into an automatic share purchase plan (“ASPP”) with a designated broker. The ASPP allows for the purchase of shares under the NCIB at times when we would ordinarily not be permitted to purchase shares due to regulatory restrictions and customary self-imposed blackout restrictions. The ASPP provides a set of standard instructions to the designated broker to make purchases under the NCIB in accordance with the limits and other terms set out in the ASPP. The...

Maersk Drilling releases Q3 2021 financial information

Written by Customer Service on December 20, 2021. Posted in Earnings Releases And Operating Results.

In accordance with the business combination agreement between The Drilling Company of 1972 A/S (“Maersk Drilling”) and Noble Corporation (“Noble”) announced on 10 November 2021, Noble has today filed a registration statement on Form S-4 with the United States Securities and Exchange Commission. The registration statement includes Maersk Drilling’s unaudited interim consolidated financial statements as of and for the nine months ended 30 September 2021 prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. The unaudited interim consolidated financial statements are also made available at Maersk Drilling’s Investor Relations site. For the sake of completeness, it is noted that the unaudited interim consolidated financial statements do not constitute an interim financial...

Performance Shipping Inc. Commences Offer to Exchange Up to 4,066,181 Common Shares for Shares of Series B Convertible Cumulative Perpetual Preferred Stock

Written by Customer Service on December 20, 2021. Posted in Public Companies.

ATHENS, Greece, Dec. 20, 2021 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today the commencement of an offer to exchange up to 4,066,181 of its currently issued and outstanding common shares of the Company, par value $0.01 per share (the “Common Shares”), for newly issued shares of the Company’s Series B Convertible Cumulative Perpetual Preferred Stock, par value $0.01 and liquidation preference $25.00 (the “Series B Preferred Shares”) at a ratio of 0.28 Series B Preferred Shares for each Common Share. The exchange offer will expire at the end of the day, 5:00 P.M., New York City Time, on January 21, 2022, unless extended or withdrawn. The exchange offer is being made pursuant to an Offer to Exchange dated December...

Performance Shipping Inc. Adopts Shareholders’ Rights Agreement

Written by Customer Service on December 20, 2021. Posted in Public Companies.

ATHENS, Greece, Dec. 20, 2021 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of tanker vessels, announced today that its Board of Directors has unanimously adopted a shareholders’ rights agreement (the “Rights Agreement”) and declared a dividend of one right (the “Right”) for each share of the Company’s common stock, par value $0.01 per share (the “Common Stock”) held as of December 30, 2021. The Rights Agreement has a term of ten years. Pursuant to the Rights Agreement, each Right will entitle the shareholder to buy one one-thousandth of a share of Series A participating preferred stock at an exercise price of $50.00. Under the Rights Agreement, the rights generally will become exercisable only if a person or group acquires beneficial ownership...

Elcora Advanced Materials Closes Acquisition of Moroccan Vanadium Exploration Company

Written by Customer Service on December 20, 2021. Posted in Mergers And Acquisitions.

HALIFAX, Nova Scotia, Dec. 20, 2021 (GLOBE NEWSWIRE) — ELCORA ADVANCED MATERIALS CORP. (TSX.V:ERA | Frankfurt:ELM | OTCQB – ECORF), (the “Company” or “Elcora”), is pleased to announce that it has closed the previously announced acquisition of STE ERMAZONE.A.R.L (“ERMAZONE”), which includes ten (10) Vanadium licenses/concessions sites in Morocco. This strategic acquisition supports Elcora’s plan to enhance both its mining and energy storage solutions by adding additional markets related to battery technologies. Terms of Acquisition In consideration for the purchase of 100% of the outstanding securities of ERMAZONE, the Company has paid consideration as follows: (i) USD$500,000 cash; (ii) 4,500,000 common shares (the “Shares”) of the company; and (iii) $10,000 to be paid in remuneration at the end of each month, for a period of three...

Firm Capital Property Trust Files Preliminary Base Shelf Prospectus

Written by Customer Service on December 20, 2021. Posted in Public Companies.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 20, 2021 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”), (TSXV : FCD.UN) announced today that it has filed a preliminary short form base shelf prospectus with the securities regulatory authorities in all provinces and territories of Canada that will, upon a receipt being issued for FCPT’s (final) short form base shelf prospectus, allow FCPT to offer and issue up to $250 million of trust units, debt securities, subscription receipts, warrants or units, or any combination of such securities, over a 25-month period. The preliminary short form base shelf prospectus has not yet become final for the purpose of the sale of securities. When securities covered by the (final) short form base...

THE INTERGROUP CORPORATION ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM

Written by Customer Service on December 20, 2021. Posted in Public Companies.

Los Angeles, California, Dec. 20, 2021 (GLOBE NEWSWIRE) — The InterGroup Corporation (NASDAQ: INTG) today announced that its Board of Directors has authorized the Company to purchase up to an additional 125,000 shares of the Company’s common stock under its existing stock repurchase program, reflecting the Board’s confidence in management and the Company’s business, as well as belief that the Company’s shares are undervalued. That action increased the total remaining number of shares authorized for repurchase to approximately 130,000 shares. The purchases will be made, in the discretion of management, from time to time, in the open market or through privately negotiated third party transactions depending on market conditions and other factors. * * * Statements in this release which are not historical facts are “forward looking...

Day: December 20, 2021

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