Month: May 2023

Baltic Horizon Fund has signed an agreement with ECRE IV (Lux) S.a.r.l. to sell 100% shares of BH Duetto UAB which owns Duetto I and II office buildings in Vilnius, Lithuania. The sales price of the assets is approximately EUR 37 million, which is close to the latest valuation. The exact sales price will be calculated on the closing date, however the price may be subject to post-closing adjustments. The fund first acquired the properties in 2017 and 2019 from the international developer and over the period earned an IRR of approximately 13.7% and equity multiple of 1.8x. The proceeds of the transaction will be used mainly to partially redeem the new bond and invest into the centrally located assets of the Fund. Closing of the transaction is expected to take place at the latest by 12 June 2023. “We continue to implement the investment...

Scottsdale, Ariz., May 16, 2023 (GLOBE NEWSWIRE) — via IBN — CISO Global Inc. (“CISO Global” or the “Company”) (NASDAQ: CISO), an industry leader as a managed cybersecurity and compliance provider, based in Scottsdale, Ariz., today announced it has entered into definitive agreements with investors for the purchase and sale of 20,000,000 shares of the Company’s common stock at a purchase price of $0.20 per share in a registered direct offering. The closing of the offering is expected to take place on or about May 19, 2023, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering are expected to be approximately $4.0 million, before deducting placement agent fees and other estimated offering expenses payable by the Company. The Company intends to use the net proceeds for general corporate...

Transactions further strengthen Infinera balance sheet while keeping average debt coupon expense at less than 3.5% across capital structure SAN JOSE, Calif., May 16, 2023 (GLOBE NEWSWIRE) — Infinera Corporation (NASDAQ: INFN) announced today that, to enable the refinancing of a substantial majority of its outstanding 2.125% Convertible Senior Notes due 2024 (the “2024 notes”), it has entered into separate, privately negotiated agreements with certain institutional investors to reopen and issue $100 million in aggregate principal amount of its currently outstanding 3.75% Convertible Senior Notes due 2028 (the “additional 2028 notes”). Net proceeds from the issuance of the additional 2028 notes will be used to repurchase from certain investors approximately $83.9 million in aggregate principal amount of its currently outstanding...

HESPERIA, Calif., May 16, 2023 (GLOBE NEWSWIRE) — 5E Advanced Materials, Inc. (Nasdaq: FEAM) (ASX: 5EA) (“5E” or the “Company”), a boron and lithium company with U.S. government Critical Infrastructure designation for its 5E Boron Americas (Fort Cady) Complex, announced today that it plans to host a conference call for shareholders and analysts on Thursday, May 18th at 6:00 pm EST to discuss recent company developments, advancements in the Company’s strategy, and the results of its recently completed technical study. The call will be hosted by executive management including Susan Brennan, newly appointed Chief Executive Officer of 5E Advanced Materials, Inc. Investors, analysts and members of the media interested in listening to the live presentation are encouraged to join a webcast of the call, available at https://5eadvancedmaterials.com/investors/events-and-presentations/....

VANCOUVER, British Columbia, May 16, 2023 (GLOBE NEWSWIRE) — Imperial Metals Corporation (“Imperial” or the “Company”) (TSX:III) reports diamond drill results from the Mount Polley 2023 exploration program. Five diamond drill holes totalling 2,720 metres were successful in intercepting mineralization in an underexplored area between the Springer and Cariboo mineralized zones. All the holes intersected mineralization in the undrilled area between the Springer and Cariboo zones. The results included some higher grade intervals highlighted by the 162.5 metre interval grading 0.50% copper and 0.52 g/t gold from 30 metres in SD-23-167. The results will increase the resource in the Springer zone and with the proximity to existing mining and planned pits, mineralization discovered in this area has a good potential to be converted from...

CHIHUAHUA, Mexico, May 16, 2023 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC* or “the Company”), a leading producer of cement and concrete in the United States and Mexico, announced today, that at its Extraordinary Shareholders’ Meeting held on April 27th, the following amendments to the Company’s bylaws were approved: Articles 7 and 13A modification to the means of publication for the Company’s announcements and corporate communications. These were previously published in the Official State Gazette and from now on they will be published in the Ministry of Economy electronic system or in one of the widely circulated newspapers at the Company’s location, in case there is a technical failure in the system. Article 30The possibility to participate virtually in Board meetings and the use of the digital or...