Day: June 21, 2023
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, June 21, 2023 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced that it has agreed to issue $300 million principal amount of Series AH senior unsecured debentures (the “Debentures”).
The Debentures will be sold at a price of $99.966 per $100 principal amount, carry a coupon of 5.962% per annum and mature on October 1, 2029. Inclusive of the benefit of bond forward hedges, the Trust’s all-in rate is 5.284% per annum. The net proceeds of this offering will be used by the Trust to repay amounts owing under certain credit facilities incurred in the ordinary course. The balance of net proceeds, if any, will be used for general business purposes.
The Debentures are being offered on an agency...
CORRECTION — StateHouse Holdings Inc.
Written by Customer Service on . Posted in Public Companies.
SAN DIEGO and TORONTO, June 21, 2023 (GLOBE NEWSWIRE) — In a release issued under the headline “StateHouse Confirms extension of Series A debt obligations to July 1st, 2023” earlier today, please note that the extension date should be July 3rd, and not July 1st as previously stated. The corrected release follows:
StateHouse Confirms extension of Series A debt obligations to July 3rd, 2023
StateHouse Holdings Inc. (“StateHouse” or the “Company”) (CSE: STHZ) (OTCQX: STHZF), a California-focused, vertically integrated cannabis enterprise, today announced that as previously disclosed on December 30, 2022, the Company continues to engage in discussions related to potential future financing options. In addition, the Company’s Series A debtholders (the “Series A Debtholders”) have granted StateHouse...
Avricore Health Hosts 2023 Annual General Meeting and Welcomes New Board Members
Written by Customer Service on . Posted in Public Companies.
VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) — AVRICORE HEALTH INC. (TSXV: AVCR) (the “Company” or “AVCR”) held its annual general meeting to elect directors, appoint its auditor and accept a new stock option plan to support the company’s continued growth.
“It’s been another amazing year of significant growth and accomplishments and everyone on the team is really excited to get to our next milestones,” said Hector Bremner, CEO of Avricore Health Inc. “We are invigorated by the positive changes in policy and funding of the pharmacy sector and we’re enjoying growing support for HealthTab’s mission to bring chronic and infectious disease screening to pharmacies around the world.”
Prior to the meeting, shareholders received an Information Circular outlining key resolutions and had the opportunity to vote...
EAT & BEYOND ANNOUNCES SIGNING OF AGREEMENT FOR ACQUISITION OF 50% OF GOLDBLOOM ENTERPRISES INC.
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VANCOUVER, BC, June 21, 2023 (GLOBE NEWSWIRE) — Eat & Beyond Global Holdings Inc. (CSE: EATS) (OTCPK: EATBF) (FSE: 988) (“Eat & Beyond” or the “Company”), an investment issuer focused on the global plant-based and alternative protein sector, is pleased to announce that the Company has entered into a securities exchange agreement dated June 20, 2023 (the “Definitive Agreement”), which sets out the terms and conditions for the acquisition by the Company of 50% of the issued and outstanding shares and 100% of the outstanding warrants in the capital of Goldbloom Enterprises Inc. (“Goldbloom”) in exchange for securities of Eat & Beyond (the “Transaction”).
Pursuant to the terms of the Definitive Agreement, the material terms of the...
Algoma Steel Announces Filing of Base Shelf Prospectus
Written by Customer Service on . Posted in Public Companies.
SAULT STE. MARIE, Ontario, June 21, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that it has filed a base shelf prospectus dated June 21, 2023 (the “Base Shelf Prospectus”) with the Ontario Securities Commission, relying on the “well-known seasoned issuer” exemption, and a corresponding shelf registration statement on Form F-10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”). These filings will allow the Company, if it chooses, to make offerings of common shares, preferred shares, debt securities, subscription receipts, units and warrants (collectively, the “Securities”) of the Company, or any combination thereof, in all...
Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2023 Financial Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Fourth Quarter Results In-Line with Previously Announced Expectations
Plate and Strip Operations Running at Normal Production Levels
Planned Plate Capacity Increase Ahead of Schedule
Further Strengthened Liquidity with Recently Upsized ABL Credit Facility
Updated Outlook on Transformative EAF Project
Strong Financial Outlook for Q1 Fiscal 2024
SAULT STE. MARIE, Ontario, June 21, 2023 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal fourth quarter and full year ended March 31, 2023.
Unless otherwise specified, all amounts are in Canadian dollars.
Business Highlights and Fiscal 2023 to Fiscal 2022 Fourth Quarter ComparisonsConsolidated revenue of $677.4 million,...
IGM Announces Proposed Public Offering and Concurrent Private Placement
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MOUNTAIN VIEW, Calif., June 21, 2023 (GLOBE NEWSWIRE) — IGM Biosciences, Inc. (NASDAQ: IGMS) today announced that it intends to offer and sell an aggregate of $100.0 million of shares of its common stock and, in lieu of common stock to certain investors that so choose, non-voting common stock, in an underwritten public offering and concurrent private placement. In addition, IGM intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares offered in the public offering at the public offering price, less underwriting discounts and commissions. All of the securities offered in the proposed public offering will be sold by IGM.
Concurrent with the proposed public offering, IGM intends to sell, subject to the consummation of the proposed public offering and other customary conditions, in a private...
Regional Health Properties, Inc. Reminds Shareholders of Upcoming Special Meeting and Encourages Shareholders to Vote
Written by Customer Service on . Posted in Public Companies.
ATLANTA, GA, June 21, 2023 (GLOBE NEWSWIRE) — Regional Health Properties, Inc. (NYSE American: RHE) (NYSE American: RHE-PA) (“RHE” or the “Company”) reminds its shareholders to vote at the upcoming special meeting (the “Special Meeting”) of the holders of the Company’s 10.875% Series A Cumulative Redeemable Preferred Shares (the “Series A Preferred Stock”) and the holders of the Company’s common stock (the “Common Stock”) and Series E Redeemable Preferred Shares (the “Series E Preferred Stock”) to be held on Tuesday, June 27, 2023 at 10:00 a.m., Eastern Time, at Sonesta Gwinnett Place Atlanta, located at 1775 Pleasant Hill Road, Duluth, Georgia.
As previously announced, the Company commenced an offer to exchange (the “Exchange Offer”) any and all of its outstanding shares of Series A Preferred Stock for newly issued shares of the...
Petrus Resources Announces Credit Facility Increase and Approval For Normal Course Issuer Bid
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CALGARY, Alberta, June 21, 2023 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to announce an increase to its Senior Secured Credit Facility (“Credit Facility”). Petrus’ lender, ATB Financial, has completed their semi-annual borrowing base redetermination and have agreed to increase the borrowing limit from $30.0 million to $45.0 million. The Credit Facility is payable on demand by the lender and the next semi-annual review is scheduled on or before November 30, 2023.
The increase demonstrates confidence in the Company and our strategic direction. A combination of debt reduction and production growth have bolstered Petrus’ financial position and strengthened our balance sheet, which will allow us to continue to actively pursue our corporate objectives.
Petrus is...
Fairfax India Completes Acquisition of an Additional 3% Interest in Bangalore International Airport Limited
Written by Customer Service on . Posted in Mergers And Acquisitions.
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(Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted)
TORONTO, June 21, 2023 (GLOBE NEWSWIRE) — Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that, through its wholly-owned subsidiary, it has completed the acquisition of an additional 3% equity interest in Bangalore International Airport Limited (“BIAL”) from Siemens Project Ventures GmbH, part of Siemens’ Financial Services (“SFS”), for consideration of $75 million (approximately INR 6.2 billion at current exchange rates). As a result of the closing of the first transaction, Fairfax India’s aggregate share ownership in BIAL has increased to 57% (13.4% held by its wholly-owned subsidiary and 43.6%...