Arrangement

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.

Xos, Inc. Accelerates Growth with Strategic Acquisition of ElectraMeccanica

Retrieved on: 
Tuesday, March 26, 2024
Growth, UniFirst, Entrepreneurship, XOS, Acquisition, National instrument, Arrangement, FedEx Ground, UPS, Related

The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company.

Key Points: 
  • The all-stock transaction is expected to add approximately $48 million to Xos’ balance sheet and provide growth capital for the company.
  • The consideration received by ElectraMeccanica shareholders pursuant to the acquisition (the “Arrangement”) was 0.0143739 shares of Xos common stock for each common share of ElectraMeccanica held immediately prior to the consummation of the Arrangement.
  • As a result, following the close of the Arrangement, former shareholders of ElectraMeccanica own approximately 21.0% of Xos.
  • Following completion of the Arrangement, Xos has beneficial ownership and control over 100% of the issued and outstanding common shares of ElectraMeccanica.

Trumpeter/Composer Etienne Charles Debuts as a Big Band Leader with "Creole Orchestra," Arriving June 14 on Culture Shock Records

Retrieved on: 
Monday, April 8, 2024
Berklee College of Music, World War II, René Marie, Juilliard School, SFJAZZ Center, Logic, California State University, Earth, Townhouse, Assembly, JAS, Caramoor Summer Music Festival, Poison, Florida State University, Bell Biv DeVoe, CO, Mt. Hood Jazz Festival, Arrangement, Multimedia, Night Train, The arts, Aspen, Music

RICHMOND, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- Etienne Charles presents himself to the jazz world as an accomplished large-ensemble arranger with "Creole Orchestra," set for a June 14 release on his own Culture Shock imprint. The album is the premiere of the titular band, 22 musicians strong and specializing in executing the Trinbagonian trumpeter's elaborate charts.

Key Points: 
  • RICHMOND, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- Etienne Charles presents himself to the jazz world as an accomplished large-ensemble arranger with "Creole Orchestra," set for a June 14 release on his own Culture Shock imprint.
  • The album is the premiere of the titular band, 22 musicians strong and specializing in executing the Trinbagonian trumpeter's elaborate charts.
  • Etienne Charles was born July 24, 1983 in Port-of-Spain, the capital city of the island nation of Trinidad & Tobago.
  • He recorded his debut album "Culture Shock" in 2006 and followed it with nine more, of which" Creole Orchestra" is the latest.

KARORA RESOURCES ANNOUNCES MERGER TRANSACTION WITH WESTGOLD RESOURCES

Retrieved on: 
Monday, April 8, 2024
CIBC, Agreement, GDX, Westgold Resources, Sale, G&A, AWST, OTCQX, Corporate spin-off, CBCA, Policy, Toronto Stock Exchange, KRR, Combined, Big Bell, Arrangement, Index, Safety, VWAP, Multilateral, Bluebird, ASX, TSX, Stikeman Elliott, Canada Business Corporations Act, Transaction, Good, Mining, Shareholder Meeting, Growth, Gold, FIRB, Security (finance)

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.

ElectraMeccanica Vehicles Corp. Reports Results of Special Meeting of Shareholders

Retrieved on: 
Wednesday, March 20, 2024
Proxy, Part, Acquisition, Shareholder, Meeting, Arrangement

MESA, Ariz., March 20, 2024 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announces the results of the special meeting of shareholders of ElectraMeccanica (the “Shareholders”) held virtually on Wednesday, March 20, 2024 (the “Meeting”), including the adoption of the Arrangement (as defined below) by the Shareholders.

Key Points: 
  • MESA, Ariz., March 20, 2024 (GLOBE NEWSWIRE) -- ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) (“ElectraMeccanica”), a designer and assembler of electric vehicles, today announces the results of the special meeting of shareholders of ElectraMeccanica (the “Shareholders”) held virtually on Wednesday, March 20, 2024 (the “Meeting”), including the adoption of the Arrangement (as defined below) by the Shareholders.
  • The ElectraMeccanica Arrangement Proposal was required to be approved by the affirmative vote of two-thirds of the votes cast by Shareholders present in person or represented by proxy and entitled to vote at the Meeting.
  • A total of 16,559,479 votes, or approximately 86.2% of the votes cast at the Meeting by Shareholders, were cast in favour of the ElectraMeccanica Arrangement Proposal.
  • Closing of the Arrangement remains subject to certain customary closing conditions, including court approval.

Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

Retrieved on: 
Wednesday, March 20, 2024
TSX Venture Exchange, Great Divide Basin, Uranium, PUR, Master's degree, Par value, Arrangement, VWAP, OTCQB, Morrison Formation, AMPS, Immediate, Business administration, Research, News, Acquisition, Capital market, Westwater Canyon, FWB, JJ, Growth, WKN, Mechanical engineering, United, Uranium mining

PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.

Key Points: 
  • PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.
  • Under the terms of the Arrangement, shareholders of American Future Fuel (“AMPS Shareholders”) will receive 0.170 of a common share of Premier American Uranium (each whole share, a “PUR Share”) for each AMPS Share held (the “Exchange Ratio”).
  • Existing shareholders of Premier American Uranium and American Future Fuel will own approximately 64.2% and 35.8% (on a basic basis), respectively, of the pro forma outstanding PUR Shares on closing of the Arrangement.
  • To view a summary of today’s news release delivered by Tim Rotolo, Chairman of PUR, Colin Healey, CEO of PUR and David Suda, CEO of AMPS, click here .

Premier American Uranium Bolsters Its Leadership in the Industry with the Acquisition of American Future Fuel and Welcomes Renowned Uranium Expert Colin Healey as CEO

Retrieved on: 
Wednesday, March 20, 2024
TSX Venture Exchange, Great Divide Basin, Uranium, PUR, Master's degree, Par value, Arrangement, VWAP, OTCQB, Morrison Formation, AMPS, Immediate, Business administration, Research, News, Acquisition, Capital market, Westwater Canyon, FWB, JJ, Growth, WKN, Mechanical engineering, United, Uranium mining

PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.

Key Points: 
  • PUR is also pleased to announce the appointment of Colin Healey as Chief Executive Officer, effective immediately.
  • Under the terms of the Arrangement, shareholders of American Future Fuel (“AMPS Shareholders”) will receive 0.170 of a common share of Premier American Uranium (each whole share, a “PUR Share”) for each AMPS Share held (the “Exchange Ratio”).
  • Existing shareholders of Premier American Uranium and American Future Fuel will own approximately 64.2% and 35.8% (on a basic basis), respectively, of the pro forma outstanding PUR Shares on closing of the Arrangement.
  • To view a summary of today’s news release delivered by Tim Rotolo, Chairman of PUR, Colin Healey, CEO of PUR and David Suda, CEO of AMPS, click here .

ElectraMeccanica Reminds Shareholders to Vote in Favour of the Proposed Combination With Xos and Provides Additional Disclosure

Retrieved on: 
Thursday, March 14, 2024
Arrangement, Supplement, Security (finance)

Shareholders are reminded and encouraged to vote well in advance of the deadline for the delivery of voting instructions at 11:00AM (Pacific time) on March 18, 2024.

Key Points: 
  • Shareholders are reminded and encouraged to vote well in advance of the deadline for the delivery of voting instructions at 11:00AM (Pacific time) on March 18, 2024.
  • The Board of Directors of ElectraMeccanica unanimously recommends that ElectraMeccanica shareholders vote FOR the ElectraMeccanica Arrangement Proposal.
  • Additional information about the Arrangement, including information about how shareholders may vote, can be found at: www.xosandemv.com .
  • Shareholders who have questions or need assistance with voting their shares should contact ElectraMeccanica’s proxy solicitation agents:

Tricon Residential Inc. Receives Final Court Approval for Take Private by Blackstone Real Estate

Retrieved on: 
Friday, April 5, 2024
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Indian stock exchange, Letter, TCN, Registered, Toronto Stock Exchange, TSX, Arrangement, Investment Canada Act, Transaction

Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that the Ontario Superior Court of Justice (Commercial List) has granted a final order approving its previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. will acquire all of the outstanding common shares of the Tricon (“Common Shares”) for US$11.25 per Common Share in cash (the “Transaction”).

Key Points: 
  • Tricon Residential Inc. (NYSE: TCN, TSX: TCN) (“Tricon” or the “Company”) today announced that the Ontario Superior Court of Justice (Commercial List) has granted a final order approving its previously announced statutory plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) pursuant to which Blackstone Real Estate Partners X, together with Blackstone Real Estate Income Trust, Inc. will acquire all of the outstanding common shares of the Tricon (“Common Shares”) for US$11.25 per Common Share in cash (the “Transaction”).
  • Completion of the Transaction remains subject to the satisfaction or waiver of certain customary closing conditions, including the receipt of regulatory approval under the Investment Canada Act.
  • Subject to the satisfaction or waiver of all of the conditions to the Transaction, the Transaction is expected to be completed in the second quarter of this year.
  • Exchange Act”).

Aditxt Signs a Definitive Agreement to Acquire Appili Therapeutics Inc., Developer of a Biodefense Vaccine Funded by the U.S. Department of Defense (DoD)

Retrieved on: 
Tuesday, April 2, 2024
Health, Defense, Infectious Diseases, Pharmaceutical, Contracts, Biotechnology, Ulcer, Paromomycin, Patient, NTD, IND, Metronidazole, Francisella tularensis, Infection, OTCQX, Therapy, Priority review, USD, Risk, Systemic, NIH, Anthrax, Arrangement, World Health Organization, Investigational New Drug, Calendar, Scar, Neglected tropical diseases, Tablet, Public, Research, News, PRV, Acquisition, TSX, Drug development, Population health, Cutaneous leishmaniasis, Canada Business Corporations Act, FDA, Transaction, Government, Growth, Entrepreneurship, Skin infection, Share, Procurement, WHO, Pharmaceutical industry

The U.S. FDA's approval of LIKMEZ highlighted Appili’s capacity to identify and develop significant opportunities within the infectious disease domain.

Key Points: 
  • The U.S. FDA's approval of LIKMEZ highlighted Appili’s capacity to identify and develop significant opportunities within the infectious disease domain.
  • Appili licensed the manufacturing and commercialization rights in the U.S. and other selected territories to Saptalis Pharmaceuticals, LLC (“Saptalis”).
  • Appili, in collaboration with Saptalis, continued the product's development, ultimately achieving FDA approval in the United States.
  • With FDA approval, future revenue is expected to be derived from milestone payments and royalties from Saptalis under the license agreement.