Day: December 20, 2022

GUELPH, Ontario, Dec. 20, 2022 (GLOBE NEWSWIRE) —  Hammond Power Solutions Inc. (“HPS”) (TSX: HPS. A), a leading manufacturer of dry-type transformers, power quality products and related magnetics, today announced its intention to increase its planned capital program by approximately $40 million over two years. “HPS continues to experience a very favourable environment where the electrification of our economy continues to drive strong demand in our industry”, said Bill Hammond, CEO of HPS. “These planned capital investments are expected to be made over the course of 2023 and 2024, and when complete, are expected to increase HPS’ overall sales capacity by approximately $180 million.” These planned capital investments are focused on areas targeted to increase capacity and reduce lead times for low voltage, power quality and induction...

DISRUPTIVE CAPITAL ACQUISITION COMPANY LIMITED (“DCAC” or the “Company”) Release of Circular and Notice of Extraordinary General Meeting and Class Meeting and Warrant Holder Meeting: including proposals to pursue repurchase offer, amend escrow waterfall and extend termination provisions THIS PRESS RELEASE CONTAINS INFORMATION THAT QUALIFIES OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE EU MARKET ABUSE REGULATION. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF APPLICABLE SECURITIES LAWS The Board of Disruptive...

VANCOUVER, British Columbia, Dec. 20, 2022 (GLOBE NEWSWIRE) — Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) (the “Company”) is pleased to announce that Manuel Gomez has been appointed to the Board of Directors (the “Board”) of the Company effective December 15, 2022. Mr. Gomez was previously a director of the Company from March 17, 2016 until February 1, 2021. Mr. Manuel Gomez holds a Bachelor of Accounting degree from Instituto Tecnologico y de Estudios Superiores de Monterrey, and an MBA from City University in Zurich. Mr. Gomez received his CFA in 1993. Mr. Gomez worked as a Fund manager at UBS where he was responsible for a US$500 million fund investing in Spain and Portugal. He was a Senior Vice President at the Credit Suisse Group and in 2008 founded Horizon Asset Management where he acts as CEO. Mr. Gomez has been...

HIGHLIGHTSThe Salar Blanco (SBD) Transaction (31.31% interest portion) has now completed LPI now owns 82.86% of Maricunga Final condition to allow the Bearing Transaction (17.14% interest portion) now satisfied Completion of the Bearing Transaction to occur within the coming daysSYDNEY, Australia, Dec. 20, 2022 (GLOBE NEWSWIRE) —  Lithium Power International Limited (ASX: LPI) (“LPI” or the “Company”) provides an update on the consolidation of 100% ownership of LPI’s flagship Maricunga lithium brine project in Chile (“Maricunga” or the “Project”). As announced on 16 December 2022, the scheme meeting and the second court hearing for the transaction with Minera Salar Blanco SpA (“MSB SpA” and 31.31% interest) has occurred. MSB SpA contributed its 31.31% interest in Maricunga to Salar Blanco, LLC (“SBD”) and LPI has now completed...

DALLAS, Dec. 20, 2022 (GLOBE NEWSWIRE) — Parabellum Acquisition Corp. (“Parabellum” or the “Company”) (NYSE: PRBM.U; PRBM; PRBM.WS), a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase reorganization or similar business combination with one or more businesses or entities, today announced that its stockholders approved a change of the extension terms of the combination period by the end of which it has to consummate a business combination, allowing the Company to extend such date six (6) times for an additional one (1) month each time, from March 30, 2023 to September 30, 2023 (the date which is 24 months from the closing date of Parabellum’s initial public offering) (the extension,...

GREENWICH, Conn., Dec. 20, 2022 (GLOBE NEWSWIRE) — Belpointe PREP, LLC (NYSE American: OZ) (“Belpointe OZ” or the “Company”), a publicly traded qualified opportunity fund, announced today that all of its outstanding loans receivables, including a $30.0 million related party loan, have been repaid in full. On February 23, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of $5.0 million (the “Visco Loan”) to Visco Propco, LLC (“Visco”). The Visco Loan was evidenced by a promissory note bearing interest at an annual rate of 6.0%, due and payable on February 18, 2023, and was secured by a first lien deed of trust on certain real property. Visco repaid the Visco Loan in full on December 6, 2022. On June 28, 2022, Belpointe OZ provided a commercial mortgage loan in the principal amount of $30.0 million (the...

MICHIGAN CITY, Ind., Dec. 20, 2022 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) Horizon Bancorp, Inc. (“Horizon”) announced today the retirement of Daniel F. Hopp from the Board of Directors (the “Board”) and the appointment of Vanessa P. Williams to serve on the Board of Horizon Bancorp, Inc. Mr. Hopp will retire from the Board effective December 31, 2022 after serving for the past 18 years and reaching Horizon’s mandatory retirement age. Mr. Hopp began his service to the Board of Directors of Horizon Bank in 2004 and from July 2013 through June 2022 served as Horizon Bancorp’s Lead Director. In his tenure, he served on the Board’s Compensation and Nominating Committee as well as the Corporate Governance Committee. “Dan has earned the admiration and respect from his fellow directors and employees for his loyalty to Horizon, personal values,...