Day: July 20, 2022
REDWOOD CITY, Calif., July 19, 2022 (GLOBE NEWSWIRE) — Revolution Medicines, Inc. (Nasdaq: RVMD), a clinical-stage oncology company developing targeted therapies for RAS-addicted cancers, today announced the pricing of its underwritten public offering of 11,500,000 shares of common stock at a public offering price of $20.00 per share, before underwriting discounts and commissions. All of the shares of common stock are being offered by Revolution Medicines. In addition, Revolution Medicines has granted the underwriters a 30-day option to purchase up to an additional 1,725,000 shares of common stock at the public offering price, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Revolution Medicines, are...
Faircourt Asset Management Inc. Announces Adjustment in Distribution for the Trust Units of Faircourt Split Trust
Written by Customer Service on . Posted in Public Companies.
Toronto, July 19, 2022 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of Faircourt Split Trust (NEO: FCS.UN) (the “Fund”) announces that the monthly distribution on the Trust Units will be adjusted from $0.06 per month per Trust Unit ($0.72 per annum per Trust Unit) to $0.015 per month per Trust Unit ($0.18 per annum per Trust Unit). The new monthly distribution will represent a current yield of approximately 4.9% based on the current net asset value per unit of the Fund.
The Fund’s distribution is funded primarily by option writing and capital gains. The Manager believes that managing the distribution level represents an opportunity to assist in preserving and growing the NAV of the Fund.
Faircourt Funds
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Clear Sky Adds World Renowned Power Storage Expert to Advisory Board
Written by Customer Service on . Posted in Public Companies.
Newly added expert held senior roles with two companies sold to major entities
VANCOUVER, British Columbia, July 19, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (“Clear Sky” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is pleased to announce the appointment of Mr. Dave Wright who brings comprehensive and significant expertise regarding sustainable power storage sector technologies.
Mr. Wright is the President of Wright Technical Services, LLC and is a professional with global experience providing wide-ranging support to organizations in energy storage markets. He is an expert in automotive electronics and electrical systems with a career focused on product and technology development. He is a former Director...