Month: January 2023

All amounts expressed in US Dollars ISLAMABAD, Pakistan, Jan. 16, 2023 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick president and chief executive Mark Bristow has advised the Pakistan federal and Balochistan provincial government that, following the completion of the legal processes and definitive transaction agreements last month, the company plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production from the giant copper-gold mine in the country’s Balochistan province. Reko Diq will be operated by Barrick, which owns 50% of the project, with Balochistan holding 25% and three Pakistani state-owned enterprises sharing the remaining 25%. The shareholding structure is in line with Barrick’s policy of benefit-sharing partnerships with its host countries. As...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Denarius Metals Corp. (“Denarius Metals” or “the Company”) (TSXV: DSLV; OTCQB: DNRSF) announced today that it will be making a rights offering (the “Rights Offering”) to eligible holders of its common shares (the “Eligible Holders”) of record at the close of business on January 24, 2023. Pursuant to the Rights Offering, each Eligible Holder will receive one right (a “Right”) for each common share held to purchase one unit (a “Unit”) of the Company at a price of CA$0.40. Each Unit will consist of one common share and one transferrable common share purchase warrant (“Warrant”). Each Warrant will entitle the holder to purchase one common share at a price of CA$0.60 per share for a period of three...

BOREO PLC                        Investor news                       16 January 2023 at 14:00 EET Boreo executes its capital efficiency focused strategy by exiting from SANY excavator business in Finland and Sweden Boreo Plc and SANY Europe GmbH (“SANY”) have agreed to terminate their excavator dealership agreements in the Finnish and the Swedish markets. The existing dealership agreement for the Estonian market remains intact and HM Nordic Oü, a company part of Boreo’s Heavy Machines Business Area, continues to operate as the SANY dealer in the Estonian market. The decision of the termination follows SANY’s plans to reorganize its operations in the Nordic region and the updated strategy and strategic financial targets of Boreo published in September 2022. “Our ambition is to own businesses with potential to deliver stable earnings growth...

Leading Provider of Distinctive Urban Workspace Reaffirms Mission and Maintains Commitment to Balance Sheet This news release constitutes a “designated news release” for the purposes of Allied’s prospectus supplement dated November 12, 2021, to its short form base shelf prospectus dated June 2, 2021, as amended on November 11, 2021. TORONTO, Jan. 16, 2023 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) recently completed the initial phase of its exploration of the sale of its network-dense, carrier-neutral, urban-data-centre (UDC) portfolio in Downtown Toronto (the “Portfolio”). Scotiabank acted as Allied’s exclusive financial advisor in this regard. The Portfolio is comprised of freehold interests in 151 Front Street West (“151 Front”) and 905 King Street West...