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Day: May 8, 2023

Constellation Insurance Holdings announces its indirect subsidiary Ohio National Seguros de Vida S.A. acquires Zurich’s annuity business in Chile

CINCINNATI, May 08, 2023 (GLOBE NEWSWIRE) — Constellation Insurance Holdings, Inc. (Constellation), a leading insurance holding company backed by institutional investors CDPQ and Ontario Teachers’ Pension Plan Board (Ontario Teachers’), announced today that its Chilean subsidiary Ohio National Seguros de Vida S.A. has entered into an agreement for the acquisition of the Zurich Insurance Group (Zurich) annuity portfolio of approximately US$2.6 billion in reserves held in Chile. Since 1993, Ohio National Seguros de Vida S.A. has been providing life insurance solutions to protect individuals, families, and businesses across Chile. It has a strong solvency position and holds local credit ratings of “AA” from both ICR (A Moody’s affiliate) and Fitch Chile with total local reserves of approximately US$1.1 billion, as of December 2022. Zurich...

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Western Potash Receives Ministerial Approval of Mine Life Extension to 40 Years

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) — Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce that its wholly owned Western Potash Corp. (“Western”) has received approval of the Ministry of Environment (“Ministerial Approval”) to extend the mine life of the Milestone Potash Phase 1 Project (“Project”) to 40 years. The Project is designed as a selective solution mine which, in contrast with traditional potash mining and solution mining, is expected not to produce salt tailings on surface, thereby substantially reducing the environmental impact. The construction of the Project was kicked off in June 2019 with an anticipated production 146,000 metric tonnes per year and mine life as 12 years. As the Project progressed, Western applied for an extension of the mine life to 40 years, as resource...

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Western Potash Corp. Closes Second Tranche of Loan Transaction With Appian Capital Advisory LLP

VANCOUVER, British Columbia, May 08, 2023 (GLOBE NEWSWIRE) — Western Resources Corp. (the “Company”) (TSX: WRX) is pleased to announce today that its wholly owned subsidiary, Western Potash Corp. (“Western”), has closed the second tranche, in the amount of US$31 million, equivalent of C$41.6 million of its C$85 million Loan transaction with Appian Capital Advisory LLP (“Appian”), the terms of which were previously announced in the press release of April 28, 2022. The second tranche of funds from the Loan transaction will be used by Western to finish the construction of the Milestone Phase 1 Project (“Project”) and continue with the development of the optimized mining plan. The construction of the processing plant is expected to be completed in early May, 2023, with plant production to be initiated in December 2023. Mr. Bill Xue,...

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UPDATE: Indoor Harvest Corp. Expands its Portfolio with the Acquisition of 60% Controlling Interest in Metabiogenix USA®

From Japan to Mexico to the World: “The Metabolism for Life” Austin, May 08, 2023 (GLOBE NEWSWIRE) — Indoor Harvest Corp. (OTCPK: INQD) (the “Company”) a company of sustainable-hemp and wellness related products, is pleased to announce the acquisition of a 60% controlling interest in Metabiogenix USA® for $2.5M in a combination of cash and common stock.   During the close of the acquisition, Metabiogenix USA® received a valuation of $8.9M USD from the Japanese Medical Institute (JMI). “This acquisition will provide Indoor Harvest an exclusive agreement to market and distribute the portfolio of Metabiogenix USA® Nutraceuticals throughout the entire Western Hemisphere (North, South, and Central America), and Spain.  Metabiogenix USA® is on track for substantial growth and projecting revenues that could be as high as $20M for...

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Fagron shareholders approve majority voting items

Regulated informationNazareth (Belgium)/Rotterdam (The Netherlands), 8 May 2023 – 7 PM CET Fagron shareholders approve majority voting items Today, Fagron, the leading global player in pharmaceutical compounding, held its annual general meeting of shareholders. The meeting approved the voting items, with the exemption of the proposal to approve the accelerated vesting in case of a public offer on or a change of control over Fagron as provided for in the Performance Share Plan (agenda item 10). This provision will be deleted from the plan. ResolutionsThe meeting approved, amongst other things, Fagron’s annual financial statements and dividend proposal of €0.25 for the fiscal year 2022, and the remuneration policy. The meeting also approved the proposed appointments. Composition Board of DirectorsFollowing the approved appointments and...

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Inspirato Introduces Members-Only Investor Benefit

Subscribers invited to enjoy complimentary Inspirato vacations when they own and hold Company stock DENVER, May 08, 2023 (GLOBE NEWSWIRE) — Inspirato Incorporated (“Inspirato” or the “Company”) (NASDAQ: ISPO), the innovative luxury travel subscription brand, today announced a valuable new Member Investor Benefit reserved exclusively for Inspirato subscribers. Consistent with the Company’s relationship-driven customer platform and focus on delivering exceptional luxury travel experiences, subscribers who own and hold Inspirato stock are now eligible to receive complimentary Inspirato vacations.  “We are tremendously grateful for the loyalty and advocacy of our members,” said Brent Handler, Co-Founder and Chief Executive Officer, Inspirato. “In that spirit, it has always been our vision to offer a unique benefit for members who are...

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AssetMark Announces 2023 Practice Excellence Award Recipients

CONCORD, Calif., May 08, 2023 (GLOBE NEWSWIRE) — AssetMark (NYSE: AMK), a leading wealth management platform for financial advisors, today announced the recipients of its 2023 Practice Excellence Awards. These awards, now in their sixth year, recognize financial advisory firms that have made significant achievements in the areas of operational excellence and technology adoption. This year’s honorees are: 2023 Operations Excellence Award – Accuracy of Submitted Client RequestsDebi Tiell and Kit Tiell, Tiell Financial Group (Bascom, OH)Jeff Fisher, Capital Financial Consultants Group (San Juan Capistrano, CA)Sarah Alderman, Alderman Financial Group (Commerce, TX)Eric Kaestner and Tom Fox, Strellner Financial Group (Cedar Rapids, IA) 2023 Digital Practice Award – Overall Adoption of Digital ToolsBeth Jones, Third Eye Associates,...

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AgileThought Launches New Gaming Guild

IRVING, Texas, May 08, 2023 (GLOBE NEWSWIRE) — AgileThought, Inc. (“AgileThought” or the “Company”) (Nasdaq: AGIL), a global provider of digital transformation services, custom software development, and next generation technologies, announced today the launch of its newest guild, Gaming, dedicated to providing comprehensive and innovative solutions to the rapidly growing gaming industry, as well as non-gaming businesses looking to harness the power of gamification for increased engagement. The new Gaming Guild will encompass five distinct practices: Game Engineering, Game Design & Gamification, Art & Content Production, Game Testing, and LiveOps & Player Support. “AgileThought has always been at the forefront of digital innovation, and the launch of the Gaming Guild is a natural extension of our commitment...

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Toll Brothers Apartment Living® and PGIM Real Estate Top Out Momentum Midtown, a New 36-Story Luxury Apartment Community in Atlanta

Constructed at the founding location of TBS, Momentum Midtown is the fourth Toll Brothers multifamily community to open in the rapidly growing Atlanta multifamily market, bringing 376 new luxury rental residences to the Midtown neighborhood offering unrivaled views of AtlantaToll Brothers Apartment Living® and PGIM Real Estate Top Out Momentum Midtown, a New 36-Story Luxury Apartment Community in Atlanta Constructed at the founding location of TBS, Momentum Midtown is the fourth Toll Brothers multifamily community to open in the rapidly growing Atlanta multifamily market, bringing 376 new luxury rental residences to the Midtown neighborhood offering unrivaled views of AtlantaSenior executives and development team members from Toll Brothers Apartment Living, PGIM Real Estate, and Balfour Beatty were joined by Atlanta City Councilmember...

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