Day: June 27, 2022

Magnetic North Acquisition Corp. Announces Filing of Fiscal Year End 2021 and First Quarter 2022 Results

Magnetic North Acquisition Corp. Announces Filing of Fiscal Year End 2021 and First Quarter 2022 Results

CALGARY, Alberta and TORONTO, June 27, 2022 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) is pleased to announce that fiscal year results for the period ended December 31, 2021 and first ‎quarter fiscal results for the period ended March 31, 2022 have been filed on SEDAR.‎ As a result of a review conducted by the Company’s new auditor and management’s consideration of the ‎application of IFRS 10 (Consolidation Financial Statements) for the Company’s investment companies‎, the Company restated its December 31, 2020 comparative financials in its December 31, 2021 audited financial statements. The Company reviewed for qualification as an investment entity and determined that it met this criteria and considers itself an investment entity for both years ended December 30,...

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RECHARGE RESOURCES AWAITS DRILL PERMITS AT BRUSSELS CREEK

RECHARGE RESOURCES AWAITS DRILL PERMITS AT BRUSSELS CREEK

Vancouver, BC, June 27, 2022 (GLOBE NEWSWIRE) — Recharge Resources Ltd. (“Recharge” or the “Company”) (RR: CSE) (RECHF: OTC) (SL5: Frankfurt) is pleased to report that it has applied for and is awaiting the approval of diamond drilling permits for its 100% owned Brussels creek Copper-Gold-Palladium property, located in the Kamloops Mining District, British Columbia. The fully funded Phase 1 Drill Program was designed based on the results of the previously announced Induced Polarization (IP) survey to establish the potential for copper-gold mineralization similar to mineralization present at the adjacent New Afton mine owned by New Gold Inc. (NGD – TSX). The interpretation led to the selection of five high-priority drill targets, with each hole approximately 300 m in depth, for a total proposed program of 1500 metres. The targets...

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P2 Gold Amends Silver Reef Agreement

P2 Gold Amends Silver Reef Agreement

VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) — P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) reports that, subject to regulatory approval, it has entered into an agreement (the “Amending Agreement”) amending the terms of the option agreement (the “Option Agreement”) dated June 10, 2020 pursuant to which the Company can acquire up to a 100% interest in the Silver Reef Property located in northwest British Columbia. Under the terms of the Option Agreement, the Company initially has the right to acquire up to a 70% interest in the Silver Reef Property by paying to the vendor over a three-year option period $750,000 and issuing 1.2 million common shares in its capital (“Common Shares”) as follows: $50,000 (paid) and 200,000 Common Shares (issued) on the signing of the Option Agreement; $200,000 (paid) and 200,000...

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Astellas and Sutro Biopharma Announce Worldwide Strategic Collaboration to Advance Novel Immunostimulatory Antibody-Drug Conjugates (iADCs)

Astellas and Sutro Biopharma Announce Worldwide Strategic Collaboration to Advance Novel Immunostimulatory Antibody-Drug Conjugates (iADCs)

– iADCs are a next-generation modality for treating cancer and designed to boost anti-cancer activity, offering potential new options for patients who do not respond to existing cancer immunotherapies –       – Sutro will receive an upfront payment of US$90 million to develop iADCs for three biological targets and may be eligible to receive up to an additional US$422.5 million USD in development, regulatory and commercial milestones for each product candidate, plus royalties – TOKYO and SOUTH SAN FRANCISCO, Calif., June 27, 2022 (GLOBE NEWSWIRE) — Astellas Pharma Inc. (TSE: 4503, President and CEO: Kenji Yasukawa, Ph.D., “Astellas”) and Sutro Biopharma, Inc. (NASDAQ: STRO, CEO: William J. Newell, JD, “Sutro”) today announced a worldwide, strategic collaboration and licensing agreement focused on the discovery...

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TRANSFORMA RESOURCES CORPORATION ANNOUNCES DEBT SETTLEMENTS, LOAN AGREEMENT AND CREATION OF CONTROL PERSON

TRANSFORMA RESOURCES CORPORATION ANNOUNCES DEBT SETTLEMENTS, LOAN AGREEMENT AND CREATION OF CONTROL PERSON

Vancouver, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) — Transforma Resources Corporation (TSXV: TFM) (the “Company” or “Transforma”): Transforma is pleased to announce that it has arranged debt settlements with certain arm’s length creditors and non-arm’s length creditors of the Company to settle $764,840 in indebtedness. Approximately $362,000 is attributable to older accrued consulting fees, payable to current and former directors and officers of the Company, dating back to the period from 2016 to 2021, as well as approximately $165,000 for loans and advances made by Lee Ann Wolfin, a former director and officer of the Company. The debts will be settled by the issuance and delivery of a total of 10,926,287 common shares of the Company in the aggregate, at a deemed value of $0.07 per share. The shares will be subject to...

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Dynamic Technologies Group Announces Closing of Offering for Aggregate Gross Proceeds of $5,000,000

Dynamic Technologies Group Announces Closing of Offering for Aggregate Gross Proceeds of $5,000,000

TORONTO, June 27, 2022 (GLOBE NEWSWIRE) — Dynamic Technologies Group Inc. (TSXV: DTG, OTC:ERILF) ( “Dynamic” or the “Company”), with reference to its previous news release dated April 12, 2022, is pleased to announce that today it closed the final tranche of the private placement by placing an aggregate of 10,800,000 units (“Units”) at a price of CDN $0.3125 per Unit for gross proceeds to the Company of CDN $3,375,000 at an exchange rate of CDN $1.25 for each USD $1.00. Since announced on April 12, 2022, the Company raised a total aggregate amount of $5,000,000 at an exchange rate of CDN $1.25 for each USD $1.00 by the issuance of 16,00,000 Units at a price of CDN $0.3125 per Unit (the “Offering”). The Company intends to use the proceeds of the Offering for working capital. No finders fees are payable in connection with the Offering. Each...

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HP Announces Commencement of Exchange Offer and Consent Solicitation for Plantronics Notes

HP Announces Commencement of Exchange Offer and Consent Solicitation for Plantronics Notes

PALO ALTO, Calif., June 27, 2022 (GLOBE NEWSWIRE) — HP Inc. (NYSE: HPQ) (“HP” or the “Company”) announced today that it commenced a private exchange offer to certain eligible holders (the “Exchange Offer”) for any and all outstanding notes (the “Poly Notes”) issued by Plantronics, Inc. (NYSE: POLY) (“Poly”) for up to $500,000,000 aggregate principal amount of new notes to be issued by the Company (the “HP Notes”) and cash. As previously announced, on March 25, 2022, the Company entered into a definitive agreement (“Merger Agreement”) to acquire Poly in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly’s net debt (the “Acquisition”). Pursuant to the Merger Agreement, a subsidiary of HP will merge with and into Poly, with Poly surviving the Acquisition as a wholly owned...

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Euro Manganese Appoints Stifel Nicolaus Europe Limited as Project Finance Advisor for the Chvaletice Manganese Project

Euro Manganese Appoints Stifel Nicolaus Europe Limited as Project Finance Advisor for the Chvaletice Manganese Project

VANCOUVER, British Columbia, June 27, 2022 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (“Euro Manganese“, the “Company” or “EMN“) is pleased to announce it has appointed Stifel Nicolaus Europe Limited, a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF) (“Stifel“) as financial advisor to assist with the structuring and securing of project financing for the development of the Company’s flagship Chvaletice Manganese Project (“CMP” or “Project“), located in the Czech Republic. The appointment of Stifel, a leading financial advisory group in the battery metals space, allows the Company to initiate dialogue with a number of potential financiers and allows due diligence to commence. Euro Manganese will work...

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Clairvest Reports Fiscal 2022 Fourth Quarter and Year End Results

Clairvest Reports Fiscal 2022 Fourth Quarter and Year End Results

TORONTO, June 27, 2022 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) today reported results for the fourth quarter and year ended March 31, 2022 and material events which occurred subsequent to year end. (All figures are in Canadian dollars unless otherwise stated) Highlights March 31, 2022 book value was $1,179.1 million or $78.33 per share compared with $972.1 million or $64.58 per share as at December 31, 2021 and $56.96 per share as at March 31, 2021 Net income for the fourth quarter was $207.0 million or $13.75 per share, driven by significant valuation changes in the Clairvest Equity Partners V (“CEP V”) and Clairvest Equity Partners VI (“CEP VI”) investment portfolios Net income for fiscal 2022 was $330.2 million or $21.93 per share Book value per share grew by 39% during fiscal 2022 Stem, Inc. (NYSE: STEM) completes...

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Purpose Investments Inc. Announces 2022 Second Quarter Distributions for Purpose Specialty Lending Trust

Purpose Investments Inc. Announces 2022 Second Quarter Distributions for Purpose Specialty Lending Trust

TORONTO, June 27, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. is pleased to announce the 2022 second quarter distributions for Purpose Specialty Lending Trust.   Ticker Symbol Distributionper share/unit Ex Distribution Date Record Date Payable Date Purpose Specialty Lending Trust – Class A Unlisted $0.1145 06/29/2022 06/30/2022 07/25/2022 Purpose Specialty Lending Trust – Class F Unlisted $0.1185 06/29/2022 06/30/2022 07/25/2022 Purpose Specialty Lending Trust – Class U Unlisted US$ 0.1455 06/29/2022 06/30/2022 07/25/2022 Purpose Specialty Lending Trust – Class A1, Series 2 Unlisted $0.1335 06/29/2022 06/30/2022 07/25/2022 Purpose Specialty Lending Trust – Class F, Series 3 Unlisted $0.1380 06/29/2022 06/30/2022 07/25/2022 About Purpose Investments Inc. Purpose Investments Inc. is an asset management company...

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