Transaction | Jotup

Western Forest Products Completes Sale of Ownership Interest in Newly Formed Mid-Island Partnership

Retrieved on:

Thursday, March 28, 2024

First Nations, Limited partnership, Nation, Wood, TSX, Transaction

The parties also announced the new name for the Partnership, which will be known as La-kwa sa muqw Forestry (pronounced la-KWAH-sa-mook) going forward.

Key Points:

The parties also announced the new name for the Partnership, which will be known as La-kwa sa muqw Forestry (pronounced la-KWAH-sa-mook) going forward.
The Partnership consists of certain assets and liabilities of Western’s Mid Island Forest Operation, including the newly-established Tree Farm Licence 64, created through the subdivision of Block 2 from Tree Farm Licence 39.
The operations of the new Partnership cover approximately 157,000 hectares of forest land in the traditional territories of the Nations near the communities of Campbell River and Sayward on eastern Vancouver Island.
Members of the media are asked to contact Western’s media relations to confirm their attendance and obtain event details.

Vaccinex, Inc. Announces $1.5 Million Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules

Retrieved on:

Wednesday, March 27, 2024

Exercise, Form, Sale, Cancer, Transaction, S-3, Regulation D, Security (finance)

The registered direct offering and concurrent private placement are referred to herein as the “Transactions.”

Key Points:

The registered direct offering and concurrent private placement are referred to herein as the “Transactions.”
The closing of the Transactions is expected to occur on or about March 28, 2024, subject to the satisfaction of customary closing conditions.
The gross proceeds from the Transactions are expected to be approximately $1.5 million, before deducting financial advisory fees and other estimated expenses related to the Transactions.
The Company intends to use the net proceeds from the Transactions for working capital and general corporate purposes.
A prospectus supplement describing the terms of the registered direct offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov.

Alamos Gold Announces Friendly Acquisition of Argonaut Gold

Retrieved on:

Wednesday, March 27, 2024

La Colorada, Immediate, Private, Growth, Agreement, Webcast, Par value, AGI, Gold, Torys, Scotiabank, Toronto Stock Exchange, Alamos Gold, Life, TSX, Mineral, Arrangement, Transaction

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the “Transaction”).

Key Points:

TORONTO, March 27, 2024 (GLOBE NEWSWIRE) -- Alamos Gold Inc. (“Alamos”) (TSX:AGI; NYSE:AGI) and Argonaut Gold Inc. (“Argonaut”) (TSX:AR) are pleased to announce that they have entered into a definitive agreement (the “Agreement”) whereby Alamos will acquire all of the issued and outstanding shares of Argonaut pursuant to a court approved plan of arrangement (the “Transaction”).
As part of the Transaction, Alamos will acquire Argonaut’s Magino mine, located adjacent to its Island Gold mine in Ontario, Canada.
Under the terms of the Agreement, each Argonaut common share outstanding will be exchanged for 0.0185 Alamos common shares and 1 share of SpinCo2 (the “Exchange Ratio”).
Upon completion of the Transaction, existing Alamos and Argonaut shareholders will own approximately 95% and 5% of the pro forma company, respectively.

Psyence Group Announces the Closing of the Previously Announced Strategic Restructuring of Its Non-Clinical Business

Retrieved on:

Tuesday, March 26, 2024

The Company, Disease, Research, News, Nature, Health Canada, Psilocybin, OTC, Safety, Transaction, Food

Psyence has built a network of potential clients and customers, and successfully and lawfully distributed psilocybin internationally, both itself and via its strategic partners.

Key Points:

Psyence has built a network of potential clients and customers, and successfully and lawfully distributed psilocybin internationally, both itself and via its strategic partners.
Psyence will play a vital role in ensuring the commercial success of the Transaction target non-clinical assets and business and will continue exploring new markets for medical grade psilocybin and active pharmaceutical ingredients.
Certain statements in this news release related to Psyence Group Inc and its subsidiaries (collectively the "Company") are forward-looking statements and are prospective in nature.
If the Company cannot obtain the approvals or research necessary to commercialize its business, it may have a material adverse effect on the Company’s performance and operations.

KARORA RESOURCES ANNOUNCES MERGER TRANSACTION WITH WESTGOLD RESOURCES

Retrieved on:

Monday, April 8, 2024

TORONTO, April 7, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora") and Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) ("Westgold") have agreed to combine in a merger pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora ("Karora Shares") by way of a statutory plan of arrangement under the Canada Business Corporations Act ("CBCA") ("Transaction").

Key Points:

TORONTO, April 7, 2024 /CNW/ - Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) ("Karora") and Westgold Resources Limited (ASX: WGX) (OTCQX: WGXRF) ("Westgold") have agreed to combine in a merger pursuant to which Westgold will acquire 100% of the issued and outstanding common shares of Karora ("Karora Shares") by way of a statutory plan of arrangement under the Canada Business Corporations Act ("CBCA") ("Transaction").
Karora shareholders will receive 2.5241 Westgold fully paid ordinary shares ("Westgold Shares"), A$0.68 (C$0.611) in cash and 0.30 of a share in a new company to be spun-out from Karora ("SpinCo") for each Karora Share held at the closing of the Transaction ("Offer Consideration").
Upon completion of the Transaction, existing Westgold and Karora shareholders will own approximately 50.1% and 49.9% of Enlarged Westgold, respectively.
The Transaction has been unanimously approved by the boards of directors of Westgold and Karora, and Karora's board of directors unanimously recommends that Karora shareholders vote in favour of the Transaction.

Arvo Advisory launches as a new executive and strategic communication firm to help companies create value through strategy and story

Retrieved on:

Friday, April 5, 2024

DALLAS, April 5, 2024 /PRNewswire/ -- Arvo Advisory, a boutique consulting and executive communication firm, officially launches today.

Key Points:

DALLAS, April 5, 2024 /PRNewswire/ -- Arvo Advisory, a boutique consulting and executive communication firm, officially launches today.
The firm has developed an innovative model by building a team that combines corporate strategists with executive communication leaders and public relations experts to create value for clients.
Key service offerings include Strategic Narrative Development, Executive Communication Support, Transaction and Turnaround Advisory, Public Relations, and Strategic Communication.
Clients consist of Chief Executive Officers, Chief Financial Officers, Chief Strategy Officers, and Chief Communication Officers in addition Private Equity and Venture Capital firms.

Exro and SEA Electric Announce Completion of Merger

Retrieved on:

Friday, April 5, 2024

Odyssey, Indian stock exchange, Corporation, AB, Matthiola, Public expenditure, Toronto Stock Exchange, National instrument, TSX, Transaction, Related, Preferred stock, Security (finance)

CALGARY, AB, April 5, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA Electric") are pleased to announce the closing of the previously announced merger (the "Transaction"), pursuant to which Exro acquired all of the issued and outstanding shares of common stock and preferred stock of SEA Electric ("SEA Stock") that it did not already own.

Key Points:

CALGARY, AB, April 5, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA Electric") are pleased to announce the closing of the previously announced merger (the "Transaction"), pursuant to which Exro acquired all of the issued and outstanding shares of common stock and preferred stock of SEA Electric ("SEA Stock") that it did not already own.
Pursuant to the Transaction, former SEA Electric stockholders received 31.463 common shares of Exro ("Common Shares") and 34.4999 convertible preferred shares of Exro ("Preferred Shares") for each share of SEA Stock.
As a result of the Transaction, Exro issued an aggregate of 146,453,200 Common Shares and 160,589,446 Preferred Shares and SEA Electric became an indirect wholly-owned subsidiary of Exro.
Prior to the closing of the Transaction, Mr. John Bell-Allen beneficially owned, or exercised control or direction over, an aggregate of (A) 878,502 shares of common stock of SEA Electric ("SEA Common Stock"), (B) 15,803 shares of preferred stock of SEA Electric ("SEA Preferred Stock") and (C) 24,133 restricted stock units of SEA Electric (each, a "SEA RSU").

Discovery Lithium to Acquire Private Lithium Explorer Midex Resources

Retrieved on:

Thursday, March 21, 2024

VANCOUVER, British Columbia, March 21, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTCQB: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company,” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that the Company has signed a letter of intent (“LOI”) to acquire a 100% interest in Midex Resources, a Canadian lithium exploration company.

Key Points:

VANCOUVER, British Columbia, March 21, 2024 (GLOBE NEWSWIRE) -- Discovery Lithium Inc. (CSE: DCLI) (OTCQB: DCLIF) (FRA: Q3Q0) (WKN: A3EFKA) (the “Company,” or “Discovery Lithium”), a Canadian exploration company focused on advancing domestic energy freedom through regional lithium discovery, is pleased to announce that the Company has signed a letter of intent (“LOI”) to acquire a 100% interest in Midex Resources, a Canadian lithium exploration company.
Discovery Lithium to acquire 43,000-hectare land position in known li-bearing pegmatite fields with resources within northwestern Ontario.
Midex is led by CEO David Jamieson, who has established a team of experts to build Midex into a leading private exploration company.
Discovery Lithium and Midex expect additional synergies to be created through the proposed Transaction by strengthening both the team and property portfolio of Discovery Lithium.

XTL To Aquire The Social Proxy

Retrieved on:

Wednesday, March 20, 2024

Private placement, Term sheet, Growth, Proxy, AI, ADS, Investment, IP, XTL, Transaction, Government, Security (finance)

RAMAT GAN, ISRAEL, March 20, 2024 (GLOBE NEWSWIRE) -- XTL Biopharmaceuticals Ltd. (the “Company” or “XTL”) announced today that it has entered into a binding term sheet with THE SOCIAL PROXY Ltd., (the “Social Proxy”) a cutting edge web data company, developing and powering a unique ethical, IP based, proxy and data extraction platform for AI & BI Applications at scale (the “Term Sheet”).

Key Points:

RAMAT GAN, ISRAEL, March 20, 2024 (GLOBE NEWSWIRE) -- XTL Biopharmaceuticals Ltd. (the “Company” or “XTL”) announced today that it has entered into a binding term sheet with THE SOCIAL PROXY Ltd., (the “Social Proxy”) a cutting edge web data company, developing and powering a unique ethical, IP based, proxy and data extraction platform for AI & BI Applications at scale (the “Term Sheet”).
Shlomo Shalev, CEO of XTL commented: “We are pleased to add the Social Proxy into our asset portfolio and believe that it will add great value to our company and shareholders.
We are excited to add the Social Proxy technology to XTL.
Tal Kinger, CEO of The Social Proxy commented: “We are thrilled to become part of the XTL team and are confident that working under XTL and its management will accelerate our growth and value creation”.

Enservco Announces Agreement to Acquire Accretive Energy Logistics Business to Diversify the Company

Retrieved on:

Wednesday, March 20, 2024

Growth, Acquisition, Depreciation, ENSV, Transaction, Weather, Cryptocurrency

The closing date of the Transaction is expected before the end of the second quarter.

Key Points:

The closing date of the Transaction is expected before the end of the second quarter.
(“Rich”) Murphy, Chairman and CEO of Enservco, commented, “We are excited to announce this agreement to acquire an immediately accretive logistics business that will transform Enservco.
Buckshot provides a strong complement to our current service offerings with the added benefit of not being winter weather dependent.
Enservco will post to its website an updated Company presentation by Tuesday, March 26, as well as a webcast with Rich Murphy and other executives discussing the Transaction and the Company’s outlook.