Disposition

John M. Hooks Decreases Ownership of PHX Energy Services Corp. Below 10%

Retrieved on: 
Wednesday, April 3, 2024
Indian stock exchange, Early warning, Disposition, Toronto Stock Exchange, Filer, Sale, Security (finance)

CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- John M. Hooks announces that, on today's date, he has disposed of 71,800 common shares ("Common Shares") of PHX Energy Services Corp. ("PHX") (representing 0.2% of the outstanding Common Shares) by sale through the facilities of the Toronto Stock Exchange (the "Disposition").

Key Points: 
  • CALGARY, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- John M. Hooks announces that, on today's date, he has disposed of 71,800 common shares ("Common Shares") of PHX Energy Services Corp. ("PHX") (representing 0.2% of the outstanding Common Shares) by sale through the facilities of the Toronto Stock Exchange (the "Disposition").
  • Immediately prior to the Disposition, Mr. Hooks owned or controlled an aggregate of 4,778,176 Common Shares.
  • Mr. Hooks now owns or controls 4,706,376 Common Shares (representing a decrease in the Filer's ownership from approximately 10.1% to 9.9% of the issued and outstanding Common Shares) and may increase or decrease his shareholdings in PHX in the future depending on market conditions and other circumstances.
  • For additional information please see the Early Warning Report in relation to the Disposition which has been filed by Mr. Hooks on PHX's SEDAR+ profile at www.sedarplus.ca .

Ranchero Provides Update on the Disposition of Its Santa Daniela Property and Pinchi Lake Option Agreement

Retrieved on: 
Monday, February 26, 2024
TSX Venture Exchange, S.A, Acquisition, Disposition

A total of 41,653,711 common shares, representing 63.36% of the Company’s outstanding shares were represented at the special meeting.

Key Points: 
  • A total of 41,653,711 common shares, representing 63.36% of the Company’s outstanding shares were represented at the special meeting.
  • The resolution put to shareholders related to the Disposition passed, with 99.99% of the shareholders represented at the meeting voting in favor.
  • The Disposition remains subject to final TSX Venture Exchange approval.
  • The Acquisition is subject to the final approval of the TSX Venture Exchange, which includes the preparation and submission of a geological report and title opinion, both of which are in preparation.

Starwood Capital Group Appoints Jonathan Pollack as President

Retrieved on: 
Monday, February 26, 2024
Investment, CMBS, Real estate, Capital market, Deutsche Bank, Starwood Capital Group, European, Growth, Leg, FDIC, Disposition, Business development, Commercial, Trustee, Signature Bank, DB, Starwood, RMBS, Management

MIAMI, Feb. 26, 2024 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a global private investment firm with a primary focus on real estate, today announced that Jonathan Pollack will join the firm beginning in 2025 as its President, adding proven industry and investment expertise to Starwood Capital's executive leadership team as the firm prepares for its next chapter of growth.

Key Points: 
  • MIAMI, Feb. 26, 2024 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a global private investment firm with a primary focus on real estate, today announced that Jonathan Pollack will join the firm beginning in 2025 as its President, adding proven industry and investment expertise to Starwood Capital's executive leadership team as the firm prepares for its next chapter of growth.
  • Mr. Pollack joins Starwood Capital from Blackstone, where he served as Global Head of the firm's Real Estate Credit business (BREDS) since 2016.
  • "After an extensive search, I am extremely pleased to welcome an executive of Jonathan's caliber as President of Starwood Capital," said Barry Sternlicht, Chairman and CEO of Starwood Capital.
  • Jeffrey G. Dishner, President and Chief Operating Officer of Starwood Capital, will remain in his role as President until Mr. Pollack joins the firm, at which time he will assume the role of Vice Chairman and Head of Strategy and Business Development.

Ball Corporation Announces Cash Tender Offers for Certain Outstanding Debt Securities

Retrieved on: 
Wednesday, February 14, 2024
Morgan Stanley, Accrued interest, Bloomberg, Telephone, Sale, Disposition, United States Treasury security, Tender offer, UST, Treasury, Tender, BNP Paribas

Each Tender Offer is contingent upon the satisfaction of certain conditions, including the completion of the Disposition on terms satisfactory to Ball.

Key Points: 
  • Each Tender Offer is contingent upon the satisfaction of certain conditions, including the completion of the Disposition on terms satisfactory to Ball.
  • Ball reserves the right to amend, extend, terminate or waive any condition with respect to one Tender Offer without taking a similar action with respect to the other Tender Offer.
  • BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC are serving as dealer managers in connection with the Tender Offers.
  • Each Tender Offer is being made solely pursuant to the Offer to Purchase made available to holders of the Notes.

LEONOVUS ANNOUNCES SALE OF ASSETS AND DEBT SETTLEMENT

Retrieved on: 
Wednesday, January 31, 2024
News, CDN, CRL, Transaction, LTV, Policy, Privacy, Access control, ZTNA, Software, The Insider, Internet of things, Layer, Indian stock exchange, Chair, ...Continued, Debt, Acquisition, Disposition, NEX, Legislation, Deposit, Debt settlement, Warrant, LOI, Documentation, TSX Venture Exchange, IEEE 802.1AE, Minority, Person, Patent, Creditor, Sale, Communication, Bank

The Transaction is subject to the requirement that the Company and CRL enter into a definitive purchase and sale agreement (the "Definitive Agreement").

Key Points: 
  • The Transaction is subject to the requirement that the Company and CRL enter into a definitive purchase and sale agreement (the "Definitive Agreement").
  • "Our historical quarterly Management Discussion and Analysis noted the Company's need to find a strategic solution such as merger, acquisition, or sale of assets.
  • Related party involvement in the Debt Settlement constitutes a "related party transaction".
  • The Company expects to complete the debt settlement following completion of the Transaction.

Ranchero Announces Execution of a Definitive Agreement Related to the Disposition of its Santa Daniela Property

Retrieved on: 
Thursday, January 18, 2024
License, AGI, Ranchero, Disposition, S.A, Sale, Indian stock exchange, TSX, TSX Venture Exchange, Negotiation, Paika

The Company intends to relinquish its interest in the remaining portions of the Santa Daniela property in order to eliminate holding costs (together with the sale of the Licenses, the “Disposition”).

Key Points: 
  • The Company intends to relinquish its interest in the remaining portions of the Santa Daniela property in order to eliminate holding costs (together with the sale of the Licenses, the “Disposition”).
  • For further details of the Disposition, see the Company’s press release dated December 27, 2023.
  • The Disposition is subject to the approval of the TSX Venture Exchange (the “TSXV”) and the shareholders of the Company.
  • In relation to the Disposition, Ranchero has convened a special meeting of its shareholders to be held on February 22, 2024, to seek shareholder approval for the Disposition.

Ranchero Announces Proposed Disposition of the Santa Daniela Property for a Total Consideration of Up to US$5.05m

Retrieved on: 
Wednesday, December 27, 2023
Tax, Disposition, TSX Venture Exchange, Sale, Gold, S.A, AGI, LOI, Letter, TSX, Paika, Mineral, Holding company

An initial tranche of the Cash Payment in the amount of US$658,000 was paid to Paika concurrently with the execution of the LOI to pay for outstanding fees and taxes on the Licenses.

Key Points: 
  • An initial tranche of the Cash Payment in the amount of US$658,000 was paid to Paika concurrently with the execution of the LOI to pay for outstanding fees and taxes on the Licenses.
  • In the event that the Disposition is not completed, Paika will be required to repay this amount to Minas de Oro.
  • The remaining US$1,892,000 of the Cash Payment will be paid once the Licenses have been transferred to Minas de Oro.
  • The Company intends to relinquish its interest in the remaining portions of the Santa Daniela property in order to eliminate holding costs.

Closed Loop Partners Acquires Majority Stake in Sage Sustainable Electronics, Accelerating IT Asset Management and Disposition Services in North America

Retrieved on: 
Thursday, November 2, 2023
Disposition, Partnership, Recycling, McKinsey & Company, Electronics, Global warming potential, Carbon, Reusability, EPA, Tablet, Growth, Stranded asset, Congressional Leadership Fund, Biodegradable waste, Climate, Electronic waste, Renewable energy, COLUMBUS, Sage

COLUMBUS, Ohio, Nov. 1, 2023 /PRNewswire/ -- Today, circular economy-focused investment firm Closed Loop Partners joins forces with leading IT Asset Management and Disposition provider, Sage Sustainable Electronics, as a majority shareholder in the company. The investment from Closed Loop Partners' buyout private equity fund, the Closed Loop Leadership Fund, is taking place at a critical time, amidst the rapid growth of electronic waste, increasing corporate commitments around e-waste management and rising demand for increased transparency and data security in the IT Asset Disposition (ITAD) industry. The strategic partnership aims to accelerate the growth of Sage Sustainable Electronics and strengthen its position as a leading provider of sustainable ITAD services in North America.

Key Points: 
  • Amidst the rapid growth of e-waste, Closed Loop Partners acquires majority stake in Midwest-based ITAD provider, Sage Sustainable Electronics, to advance electronics reuse and recovery
    COLUMBUS, Ohio, Nov. 1, 2023 /PRNewswire/ -- Today, circular economy-focused investment firm Closed Loop Partners joins forces with leading IT Asset Management and Disposition provider, Sage Sustainable Electronics, as a majority shareholder in the company.
  • The strategic partnership aims to accelerate the growth of Sage Sustainable Electronics and strengthen its position as a leading provider of sustainable ITAD services in North America.
  • Houghton, a leading expert in the ITAD industry said of the partnership, "we're absolutely thrilled to join forces with Closed Loop Partners.
  • "We are proud to partner with the Sage team and support their continued growth as one of the leading IT Asset Disposition providers in North America."

Electra Announces Voting Results of its 2023 Annual Meeting of Shareholders

Retrieved on: 
Wednesday, October 25, 2023
Alternative Energy, Energy, Other Energy, Utilities, Social Democrats (Slovenia), TSX Venture Exchange, 2020–2022 Chinese property sector crisis, Meeting, RSU, Policy, Motivation, Acquisition, Easement, Restatement, LTIP, Growth, Indian stock exchange, Consultant, Disposition, Culture, PSU Zephyrus

At the Meeting, shareholders also approved the 2022 amended and restated LTIP (the “2022 Amended and Restated LTIP”).

Key Points: 
  • At the Meeting, shareholders also approved the 2022 amended and restated LTIP (the “2022 Amended and Restated LTIP”).
  • Shareholders also approved a new Employee Share Purchase Plan for the Company (the “ESP Plan”).
  • The Common Shares issued to obtain the Easement will be subject to a four-month hold from the date of issue.
  • The acquisition was completed as an “Expedited Acquisition” under TSXV Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets, and remains subject to the TSXV’s final acceptance.

Mula Mining Corp. Announces Disposition of Shares of Silver Mountain Resources Inc. to Its Own Shareholders

Retrieved on: 
Tuesday, August 8, 2023
TSX Venture Exchange, Disposal, Disposition, Related, Sale, Date, The Company, National instrument, SEDAR, Indian stock exchange, News, Security (finance), Issuer

On August 4, 2023, Mula Mining Corp. (the "Company") entered into agreements with all of the shareholders of the Company (the "Company Shareholders"), pursuant to which the Company transferred the beneficial ownership, direction and control of 13,750,000 Common Shares (the "Disposed Shares"), representing 6.32% of the issued and outstanding Common Shares of the Issuer (the "Disposition").

Key Points: 
  • On August 4, 2023, Mula Mining Corp. (the "Company") entered into agreements with all of the shareholders of the Company (the "Company Shareholders"), pursuant to which the Company transferred the beneficial ownership, direction and control of 13,750,000 Common Shares (the "Disposed Shares"), representing 6.32% of the issued and outstanding Common Shares of the Issuer (the "Disposition").
  • The Disposition took place to allow the Company Shareholders to hold their interest in the Common Shares directly.
  • The Company will continue to be the registered owner of the Disposed Shares as nominee for a period of time following the Disposition.
  • The Company disposed of the Disposed Shares to the Company Shareholders in a private sale to allow the Company Shareholders to hold their interest in the Disposed Shares directly.