Spinning Out

LiveOne to Ring Nasdaq Opening Bell for Subsidiary PodcastOne (PODC) Direct Listing

Retrieved on: 
Thursday, September 7, 2023
LiveOne, LVO, Spin-off (media), Spinning Out, Music, Powder metallurgy

LOS ANGELES, CA, Sept. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne (Nasdaq: LVO ), an award-winning, creator-first music, entertainment, and technology platform, today announced that its subsidiary, Courtside Group, Inc. (dba PodcastOne) will ring the Nasdaq Stock Market (“Nasdaq”) opening bell on Friday, September 8, 2023 to celebrate completion of its direct listing on Nasdaq and spin-out as a separate public company.

Key Points: 
  • LOS ANGELES, CA, Sept. 07, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – LiveOne (Nasdaq: LVO ), an award-winning, creator-first music, entertainment, and technology platform, today announced that its subsidiary, Courtside Group, Inc. (dba PodcastOne) will ring the Nasdaq Stock Market (“Nasdaq”) opening bell on Friday, September 8, 2023 to celebrate completion of its direct listing on Nasdaq and spin-out as a separate public company.
  • After the Spin-Out, LiveOne will own approximately 80% of PodcastOne (on a non-fully diluted basis) and continue to consolidate PodcastOne's financial results.

Pan American Energy Corp. Intends to “Spin-out” Utah Property

Retrieved on: 
Tuesday, January 3, 2023
Lithium, Spinning Out, Spinout, Property, FSE, CSE, OTC, Arrangement, Canada Business Corporations Act, Security (finance), Pan-American

VANCOUVER, British Columbia, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FSE: SS6) (the “Company” or “Pan American”) is pleased to announce that, following careful review, the Company intends to “spin-out” its Green Energy Lithium Project, located in Cane Creek Anticline, Grand County, Utah, USA (the “Property”), into a wholly-owned subsidiary (“Subco”).

Key Points: 
  • VANCOUVER, British Columbia, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Pan American Energy Corp. (CSE: PNRG) (OTC PINK: PAANF) (FSE: SS6) (the “Company” or “Pan American”) is pleased to announce that, following careful review, the Company intends to “spin-out” its Green Energy Lithium Project, located in Cane Creek Anticline, Grand County, Utah, USA (the “Property”), into a wholly-owned subsidiary (“Subco”).
  • There will be no change in shareholders’ holdings in Pan American as a result of the Arrangement.
  • Pan American believes that its current share price does not fully recognize the value of the Property, and that by completing the proposed Arrangement, the shareholders of the Company will benefit from unlocking the value of the Property.
  • Jason Latkowcer, Chief Executive Officer of Pan American, commented, “The Spin Out allows us to more acutely focus our human capital and other resources.

CSE Bulletin: Notice of Distribution - Ameriwest Lithium Inc. (AWLI)

Retrieved on: 
Tuesday, September 20, 2022
Lithium, Corporate spin-off, Company, News, Spinning Out, Il n'y a plus rien, ISM, Online gambling, Security (finance)

There will be no change in Ameriwest shareholders holdings in the Company as a result of the Spin-Out.

Key Points: 
  • There will be no change in Ameriwest shareholders holdings in the Company as a result of the Spin-Out.
  • For further information please see the issuer's March 31, 2022 and September 15, 2022 news releases.
  • Ameriwest Lithium Inc. ( Ameriwest ou la Socit ) a annonc que la Socit a conclu un accord d'arrangement en date du 31 mars 2022 avec ISM Resources Corp. ( ISM ) par lequel la Socit a l'intention de cder son -les actifs de lithium dans une entit distincte, ISM.
  • Il n'y aura aucun changement dans la participation des actionnaires d'Ameriwest dans la Socit.

Ameriwest Lithium Inc. Announces Proposed Spin-Out of ISM Resources Corp.

Retrieved on: 
Friday, April 1, 2022
Lithium, Company, FSE, Spinning Out, Canadian Securities Exchange, Unit, Superior court, ISM, GLOBE, Canada Business Corporations Act, Corporate spin-off, Fire, ESN, OTC, CSE, Security (finance)

Through the Spin-Out, shareholders of the Company will exchange all of the existing issued and outstanding Ameriwest common shares (the Old Ameriwest Shares) for one new common share of the Company (each, a New Ameriwest Share) (having identical terms as the existing common shares) and one-quarter of one common share in the capital of ISM (ISM Shares) for each Old Ameriwest Share.

Key Points: 
  • Through the Spin-Out, shareholders of the Company will exchange all of the existing issued and outstanding Ameriwest common shares (the Old Ameriwest Shares) for one new common share of the Company (each, a New Ameriwest Share) (having identical terms as the existing common shares) and one-quarter of one common share in the capital of ISM (ISM Shares) for each Old Ameriwest Share.
  • Holders of options to purchase Ameriwest Shares (Ameriwest Options) will receive for each Ameriwest Option held one option to purchase from Ameriwest one New Ameriwest Share and one-quarter of one option of ISM (a ISM Option), with each whole ISM Option entitling the holder thereof to purchase from ISM one ISM Share.
  • Holders of warrants to purchase Ameriwest Shares (Ameriwest Warrants) will receive for each Ameriwest Warrant held one warrant to purchase from Ameriwest one New Ameriwest Share and one-quarter of one warrant of ISM (a ISM Warrant), with each whole ISM Warrant entitling the holder thereof to purchase from ISM one ISM Share.
  • Each Unit will be comprised of one ISM Share and one common share purchase warrant of ISM (each warrant, a Warrant).

Solaris Announces Proposed Spin-Out of Non-Core Assets to Create Solaris Exploration Inc.

Retrieved on: 
Monday, December 6, 2021
Corporate spin-off, News, Analysis, Canada Business Corporations Act, Minority, Toronto Stock Exchange, Gold, Prosopis tamarugo, Proxy, Law of the United Kingdom, TSX, SLS, Legislation, The Meeting, Conversation, Board, Copper, Spinning Out, Freeport-McMoRan, Teck Resources, Meeting, Intention, Supreme court, The Company, Multimedia, Security (finance)

VANCOUVER, BC, Dec. 6, 2021 /PRNewswire/ -Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) ("Solaris" or the "Company") announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. ("Solaris Exploration") pursuant to an internal re-organization (the "Re-Organization").

Key Points: 
  • VANCOUVER, BC, Dec. 6, 2021 /PRNewswire/ -Solaris Resources Inc. (TSX: SLS) (OTCQB: SLSSF) ("Solaris" or the "Company") announces its intention to transfer its non-core assets held in Ecuador, Peru, Chile and Mexico into a newly incorporated wholly-owned subsidiary of Solaris named Solaris Exploration Inc. ("Solaris Exploration") pursuant to an internal re-organization (the "Re-Organization").
  • Following the Re-Organization, it is expected that 100% of the common shares of Solaris Exploration will be spun out to shareholders relative to their shareholdings in Solaris (the "Spin-Out").
  • Solaris will continue to focus on rapidly growing and advancing its Warintza Project in southeastern Ecuador, while Solaris Exploration will allow shareholders to capture additional long-term value from the Solaris Exploration shares distributed pursuant to the Spin-Out.
  • Solaris Exploration will not be listed on any stock exchange after closing of the Spin-Out, but Solaris anticipates that Solaris Exploration will apply for a public listing in due course following the Spin-Out.