Monitor

U.S. PRT Market Expected to Close $27 Billion in Q3, Second Largest Quarter on Record

Retrieved on: 
Thursday, November 17, 2022
Legal, Insurance, Finance, Consulting, Banking, Accounting, Professional Services, Asset Management, Other Professional Services, Transfer, Monitor, Legal & General, Banner, Boundedly generated group, PRT, MD, The Monitor, Law

The Monitor reported the third quarter is expected to be the largest Q3 on record with $27 billion in transactions closing.

Key Points: 
  • The Monitor reported the third quarter is expected to be the largest Q3 on record with $27 billion in transactions closing.
  • It was also the second largest quarter in market history, only second to 2012s Q4 which closed at $36 billion.
  • With the first and second quarters also seeing record breaking numbers, 2022 will be the largest year ever for the U.S. Pension Risk Transfer (PRT) Market at an estimated $55 billion in total market volume.
  • The market is expected to close out the year with at least nine transactions close to or over $1 billion.

Great Panther Announces Cease Trade Order

Retrieved on: 
Wednesday, November 23, 2022
Investment Industry Regulatory Organization of Canada, Monitor, Mining, Universal Market Integrity Rules, CCAA, British Columbia Securities Commission, UMIR, Legislation, Canadian Securities Exchange, CFO, Great Panther Mining, Multimedia, National Policy, Sale, BCSC, Security (finance)

VANCOUVER, BC, Nov. 22, 2022 /PRNewswire/ - Great Panther Mining Limited (OTCPK: GPLDK) ("Great Panther" or the "Company") announces that the British Columbia Securities Commission (the "BCSC") has issued a general "failure to file" cease trade order pursuant to National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions(the "CTO") datedNovember 18, 2022 in respect of the securities of the Company.

Key Points: 
  • VANCOUVER, BC, Nov. 22, 2022 /PRNewswire/ - Great Panther Mining Limited (OTCPK: GPLDK) ("Great Panther" or the "Company") announces that the British Columbia Securities Commission (the "BCSC") has issued a general "failure to file" cease trade order pursuant to National Policy 11-207 Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions(the "CTO") datedNovember 18, 2022 in respect of the securities of the Company.
  • The order is the result of Great Panther's inability to file its interim financial results for the quarter endedSeptember 30, 2022, and the related management's discussion and analysis and CEO and CFO certificates (collectively, the "Q3 Filings") by the prescribed deadline ofNovember 14, 2022.
  • Holders of Great Panther securities are urged to consult with their own investment advisors or legal counsel about the implications of the CTO.
  • Great Panther Mining is a precious metals producer focused on the operation of the Tucano Gold Mine in Brazil where the Company controls a land package covering nearly 200,000 hectares in the prospective Vila Nova Greenstone belt.

Trevali Provides Update on Judicial Liquidation of 90%-Owned Burkina Faso Subsidiary; No Filing of Financial Statements or Related Management Disclosure and Analysis Going Forward

Retrieved on: 
Monday, November 14, 2022
Monitor, Company, Compliance, Certification, SEDAR, Legislation, News, Forward-looking statement, Industry, Grade (consulting), Mission statement, Telephone, Insurance, Multimedia, Mining, British Columbia Securities Commission, CFO, National instrument, CCAA, CEO, Risk, Private Securities Litigation Reform Act, Review, Commerce, Security (finance), BC, Disclosure

The liquidator has assumed responsibility for the management of the affairs of Nantou Mining and Trevali no longer exercises operational control over Nantou Mining or the Perkoa mine.

Key Points: 
  • The liquidator has assumed responsibility for the management of the affairs of Nantou Mining and Trevali no longer exercises operational control over Nantou Mining or the Perkoa mine.
  • Further information will be communicated to affected parties by the liquidator in accordance with applicable legislation.
  • Trevali and the Monitor intend to keep stakeholders and the public updated about Trevali's financial status through filings and other reports filed as part of the CCAA proceedings.
  • Trevali provides no assurance that forward-looking statements will prove to be accurate, as actual results and future events may differ from those anticipated in such statements.

PureGold Obtains CCAA Protection

Retrieved on: 
Monday, October 31, 2022
PGM, Risk, Gold, SEDAR, Monitor, GLOBE, Time, LSE, Industry, Intention, Law of the United Kingdom, TSX Venture Exchange, Supreme court, Maintenance, Phrase, Sale, Company, CCAA, Mining, PUR, Security (finance), Risk management, Puregold, Court

VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) announces that it has obtained an Initial Order for creditor protection (the “Initial Order”) from the Supreme Court of British Columbia (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”). KSV Restructuring Inc. was appointed as the monitor (the “Monitor”).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (PureGold or the Company) announces that it has obtained an Initial Order for creditor protection (the Initial Order) from the Supreme Court of British Columbia (the Court) under the Companies Creditors Arrangement Act (the CCAA).
  • The decision to commence CCAA proceedings was made after careful consideration of PureGolds cash position, scheduled debt payments, forecast revenue and expenses and all available alternatives to an application for creditor protection.
  • Management of PureGold is expected to remain responsible for the day-to-day operations, under the general oversight of the Monitor.
  • PureGold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law.

PureGold Applies for Initial Order for CCAA Protection

Retrieved on: 
Monday, October 31, 2022
Phrase, Time, Supreme court, SEDAR, Primary Dealer Credit Facility, Maintenance, Risk, Initial, Industry, CCAA, Line of credit, Company, GLOBE, Intention, TSX Venture Exchange, Law of the United Kingdom, Monitor, Gold, PUR, LSE, PGM, Mining, Security (finance), Risk management, Puregold

VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (“PureGold” or the “Company”) announces that it has applied for an Initial Order for creditor protection (the “Initial Order”) from the Supreme Court of British Columbia (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Pure Gold Mining Inc. (TSX-V:PGM, LSE:PUR) (PureGold or the Company) announces that it has applied for an Initial Order for creditor protection (the Initial Order) from the Supreme Court of British Columbia (the Court) under the Companies Creditors Arrangement Act (the CCAA).
  • While under creditor protection, PureGold will consider all available transactional and restructuring options with a goal of maximizing value for the Company and its stakeholders.
  • Following receipt of the Initial Order, the Company expects the PureGold Mine will remain in care and maintenance.
  • Management of PureGold is expected to remain responsible for the day-to-day operations, under the general oversight of the Monitor.

Flower One Obtains Extension of Stay Period and Claims Process Order Under the Companies’ Creditors Arrangement Act (Canada)

Retrieved on: 
Tuesday, October 25, 2022
Cannabis, Retail, Other Retail, Tobacco, Specialty, Natural Resources, FSE, Cannabis, Sale, THIS, PST, Toshiko Meets Her Old Pals, THE, Frankfurt Stock Exchange, Regional Power (Canadian company), Heavy Hitters, Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., Company, F11, CSE, Intention, Canadian Securities Exchange, Claim, Forward-looking statement, CCAA, Law of the United Kingdom, NLVO, Record, Supreme court, Kiva, Streamlining Claims Processing for Federal Contractor Employees Act, Cookie, Oil, Risk management, Audit, Monitor

The Canadian Company also announces that on October 25, 2022, it obtained an order (the Claims Process Order) establishing a claims process (the "Claims Process") to identify and determine claims against the Canadian Companies.

Key Points: 
  • The Canadian Company also announces that on October 25, 2022, it obtained an order (the Claims Process Order) establishing a claims process (the "Claims Process") to identify and determine claims against the Canadian Companies.
  • Pursuant to the Claims Process Order, the Canadian Companies will send a claims notice (the Claims Notice) to each known creditor of the Canadian Companies, which will set out the claim such creditor has against each of the Canadian Companies, according to the records of the Canadian Companies.
  • If a creditor agrees with its claim as set out in the Claims Notice, no further action is required.
  • A copy of the Claims Process Order, along with all schedules attached thereto, can be found at the Monitors website listed below.

The Flowr Corporation To File for CCAA Protection

Retrieved on: 
Thursday, October 20, 2022
LinkedIn, Sale, FLWR, Patient, Twitter, Okanagan, Company, DIP, W.F. Young, Inc., Ontario Superior Court of Justice, Initial, GLOBE, Monitor, TSX Venture Exchange, CCAA, Security (finance), Court

TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (Flowr or the Company) announces today that the Company and its subsidiaries, The Flowr Group (Okanagan) Inc. (Flowr Okanagan), The Flowr Canada Holdings ULC (Flowr ULC) and Terrace Global Inc. (Terrace and collectively with the Company, Flowr Okanagan and Flowr ULC, the Flowr Group) will make an application for an order for creditor protection (the Initial Order) from the Ontario Superior Court of Justice (Commercial List)(the Court) under the Companies Creditors Arrangement Act (the CCAA).

Key Points: 
  • TORONTO, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (Flowr or the Company) announces today that the Company and its subsidiaries, The Flowr Group (Okanagan) Inc. (Flowr Okanagan), The Flowr Canada Holdings ULC (Flowr ULC) and Terrace Global Inc. (Terrace and collectively with the Company, Flowr Okanagan and Flowr ULC, the Flowr Group) will make an application for an order for creditor protection (the Initial Order) from the Ontario Superior Court of Justice (Commercial List)(the Court) under the Companies Creditors Arrangement Act (the CCAA).
  • After careful consideration of all available alternatives following thorough consultation with legal and financial advisors, the directors of the Company have determined that it is in the best interests of the Flowr Group to file an application for creditor protection under the CCAA.
  • The Flowr Group is seeking creditor protection under the CCAA in order to receive a stay of proceedings that will allow the Flowr Group to conduct a sale and investment solicitation process (SISP) and facilitate a transaction that sees the company emerge from CCAA protection as a going concern.
  • For more information, please visit flowrcorp.com or follow Flowr on Twitter: @FlowrCanada and LinkedIn: The Flowr Corporation.

Flower One Announces CCAA Filing

Retrieved on: 
Tuesday, October 18, 2022
Cannabis, Retail, Other Retail, Tobacco, Specialty, Natural Resources, FSE, Cannabis, THIS, Toshiko Meets Her Old Pals, THE, Frankfurt Stock Exchange, Regional Power (Canadian company), Heavy Hitters, Kirkbi AG v Ritvik Holdings Inc, Court, F11, Company, CSE, Intention, Canadian Securities Exchange, Petition, PricewaterhouseCoopers, Monitor, Forward-looking statement, Hearing, CCAA, Law of the United Kingdom, NLVO, Supreme court, Kiva, Cookie, Online gambling, Risk management, Audit

The decision to commence CCAA proceedings was made after careful consideration of the Canadian Companys financial position and significant consultation with certain key creditors of Flower One.

Key Points: 
  • The decision to commence CCAA proceedings was made after careful consideration of the Canadian Companys financial position and significant consultation with certain key creditors of Flower One.
  • During the CCAA process, the US operations of Flower One are expected to continue in the ordinary course and without interruption.
  • For specific questions about the CCAA, please contact the Monitor via email at [email protected] or by phone at 604-484-3477.
  • Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada.

Clarity Launches Two of Australia's Largest Air Quality Networks

Retrieved on: 
Tuesday, October 11, 2022
Clean Air Society of Australia and New Zealand, Congestion, City, Government, Policy, Education, Organization, Royal Automobile Club of Western Australia, Walking, Air pollution, Technology, WHO, Software, World, Vehicle, Health, GDP, Motor vehicle, Royal Automobile Club, Death, Innovation, World Health Organization, Climate change, Monitor, Movement, Atmosphere, UNSW, School, RAC, Road, Fossil fuel, NSW, Clarity, Ramboll

BERKELEY, S.C., Oct. 11, 2022 /PRNewswire/ -- Clarity Movement Co. the global leader in air quality and climate pollutants measurement, announced today collaborations with two partners – The Royal Automobile Club (RAC) of Western Australia in Perth, and UNSW on the CleanAir Schools program in NSW. These two partnerships add a combined 400 new air quality measurement points to Australian cities.

Key Points: 
  • Clarity partners with RAC in Perth, and CleanAir Schools in Sydney to roll-out 400 air quality sensors in Australia.
  • Clarity is working with RAC in Western Australia on the launch & deployment of the largest ambient air quality & climate pollutants monitoring network in Australia.
  • This network winner of the Clean Air Society of Australia and New Zealand Innovation and Excellence in Air Quality Awards 2022 in the Innovation category is the largest school-based air quality network in Australia.
  • The CleanAir Schools network will include two air quality sensors at each school, for a total of 200 sensors, to measure both the indoor and ambient outdoor air quality.

Startups Welcomed to Enter Entrepreneur Challenges at Global Conference in Mexico

Retrieved on: 
Wednesday, September 21, 2022
Other Professional Services, Other Education, Continuing, Professional Services, University, Education, Training, Business, United Nations Sustainable Development Group, Monitor, Silicon Valley Bank, Goal, IBM, Growth, News, Entrepreneurship, Travel, Organization, Technology, Solution, Monterrey Institute of Technology and Higher Education, Ecosystem, Housing, Creative industries, Video game, Google, Facebook, Amazon

Within the three entrepreneur categories, innovators and startups have a chance to win over $25,000 along with taking part of the largest intercontinental entrepreneurial ecosystem platform.

Key Points: 
  • Within the three entrepreneur categories, innovators and startups have a chance to win over $25,000 along with taking part of the largest intercontinental entrepreneurial ecosystem platform.
  • INCmty currently has more than 100,000 active members from Latin America, making it the largest entrepreneurial ecosystem platform.
  • Celebrating 10 years with success drives us to continue to innovate the entrepreneurial ecosystem in the United States and Latin America.
  • For further questions about the conference, tickets, or where entrepreneurs can sign-up for the challenges, please visit the website at https://www.incmty.com/festival .